LG Display Co., Ltd. (NYSE:LPL) Short Interest Update

LG Display Co., Ltd. (NYSE:LPL) saw a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 855,425 shares, a growth of 61.9% from the February 12th total of 528,512 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 1,197,908 shares, the short-interest ratio is presently 0.7 days. Based on an average trading volume of 1,197,908 shares, the short-interest ratio is presently 0.7 days. Currently, 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On LG Display

A number of institutional investors have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership acquired a new stake in shares of LG Display in the third quarter valued at approximately $7,862,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in LG Display by 114.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,948,975 shares of the electronics maker’s stock worth $10,174,000 after buying an additional 1,040,826 shares in the last quarter. Millennium Management LLC boosted its position in LG Display by 92.1% in the 4th quarter. Millennium Management LLC now owns 776,354 shares of the electronics maker’s stock valued at $3,268,000 after buying an additional 372,199 shares during the last quarter. Corient Private Wealth LLC boosted its position in LG Display by 125.0% in the 4th quarter. Corient Private Wealth LLC now owns 633,970 shares of the electronics maker’s stock valued at $2,667,000 after buying an additional 352,248 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of LG Display by 12.0% in the 2nd quarter. American Century Companies Inc. now owns 1,510,470 shares of the electronics maker’s stock valued at $5,166,000 after buying an additional 161,409 shares during the period.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LPL. Zacks Research cut shares of LG Display from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 29th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of LG Display in a report on Thursday, January 22nd. Finally, Wall Street Zen lowered LG Display from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Three investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, LG Display presently has an average rating of “Reduce”.

LG Display Price Performance

Shares of LPL traded down $0.12 during trading hours on Friday, hitting $3.88. The stock had a trading volume of 1,147,132 shares, compared to its average volume of 942,666. The company’s fifty day moving average is $4.28 and its two-hundred day moving average is $4.52. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.73 and a quick ratio of 0.46. LG Display has a 52 week low of $2.43 and a 52 week high of $5.67. The stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of 20.40, a P/E/G ratio of 1.86 and a beta of 1.48.

LG Display (NYSE:LPL) last announced its quarterly earnings results on Friday, February 13th. The electronics maker reported ($0.14) earnings per share (EPS) for the quarter. The firm had revenue of $4.61 billion for the quarter. LG Display had a net margin of 0.98% and a return on equity of 3.26%. On average, analysts anticipate that LG Display will post 0.59 EPS for the current year.

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.