Liberty Tax (NASDAQ:TAX) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Sunday.
Separately, Zacks Investment Research downgraded Liberty Tax from a “hold” rating to a “strong sell” rating in a research report on Friday, September 8th.
Liberty Tax (TAX) traded down $0.05 during midday trading on Friday, reaching $11.00. The company had a trading volume of 48,170 shares, compared to its average volume of 80,399. The stock has a market capitalization of $139.51, a P/E ratio of 13.75, a PEG ratio of 0.92 and a beta of 0.96. The company has a quick ratio of 3.07, a current ratio of 3.07 and a debt-to-equity ratio of 0.36. Liberty Tax has a 12 month low of $10.70 and a 12 month high of $16.19.
Several institutional investors have recently made changes to their positions in the company. OxFORD Asset Management LLP purchased a new position in shares of Liberty Tax in the third quarter valued at about $184,000. Dimensional Fund Advisors LP lifted its position in shares of Liberty Tax by 13.5% in the third quarter. Dimensional Fund Advisors LP now owns 176,252 shares of the business services provider’s stock valued at $2,538,000 after acquiring an additional 21,007 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Liberty Tax in the third quarter valued at about $160,000. Macquarie Group Ltd. purchased a new position in shares of Liberty Tax in the third quarter valued at about $487,000. Finally, Seizert Capital Partners LLC lifted its position in shares of Liberty Tax by 69.9% in the third quarter. Seizert Capital Partners LLC now owns 56,607 shares of the business services provider’s stock valued at $815,000 after acquiring an additional 23,286 shares in the last quarter. Institutional investors and hedge funds own 47.79% of the company’s stock.
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About Liberty Tax
Liberty Tax, Inc is the holding company for JTH Tax, Inc The Company is a provider of tax preparation services. The Company provides retail federal and state income tax preparation services and related tax settlement products in the United States and Canada. The Company’s tax preparation services and related tax settlement products are offered primarily through franchised locations.
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