Public Employees Retirement System of Ohio Buys New Shares in LG Display Co., Ltd. $LPL

Public Employees Retirement System of Ohio purchased a new stake in LG Display Co., Ltd. (NYSE:LPL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 166,244 shares of the electronics maker’s stock, valued at approximately $647,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Creative Planning acquired a new position in shares of LG Display during the 2nd quarter worth about $39,000. Simplicity Wealth LLC bought a new stake in LG Display during the first quarter worth about $41,000. Ausdal Financial Partners Inc. bought a new stake in LG Display during the fourth quarter worth about $43,000. Allspring Global Investments Holdings LLC acquired a new position in LG Display during the first quarter valued at approximately $46,000. Finally, XTX Topco Ltd acquired a new position in LG Display during the second quarter valued at approximately $46,000.

LG Display Stock Down 1.6%

LG Display stock opened at $3.21 on Thursday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.63 and a quick ratio of 0.37. The company’s 50-day moving average is $3.34 and its 200-day moving average is $4.09. The firm has a market capitalization of $3.21 billion, a PE ratio of -3.53 and a beta of 1.71. LG Display Co., Ltd. has a fifty-two week low of $2.76 and a fifty-two week high of $5.83.

LG Display (NYSE:LPL) last issued its earnings results on Friday, August 14th. The electronics maker reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.14). LG Display had a negative net margin of 5.26% and a negative return on equity of 19.82%. The firm had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.56 billion. Sell-side analysts anticipate that LG Display Co., Ltd. will post -0.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Zacks Research lowered LG Display from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 23rd. Weiss Ratings raised LG Display from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, August 14th. One analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, LG Display presently has an average rating of “Sell”.

LG Display Company Profile

LG Display Co, Ltd., headquartered in Seoul, South Korea, is a global manufacturer of thin-film transistor liquid crystal display (TFT-LCD) and organic light-emitting diode (OLED) panels. The company designs and produces display solutions for a wide range of applications, including televisions, desktop monitors, notebook computers, tablets, smartphones, signage and automotive screens. Its product offerings span large-screen television modules, ultra-high definition monitors, flexible and transparent OLED displays, and specialized industrial panels.

LG Display operates a network of production facilities and research centers across Asia, including major manufacturing sites in Paju and Gumi, South Korea, as well as Wuhan, China.