LG Display Co., Ltd. (NYSE:LPL) Sees Significant Decrease in Short Interest

LG Display Co., Ltd. (NYSE:LPL) saw a significant decrease in short interest in March. As of March 13th, there was short interest totaling 715,280 shares, a decrease of 16.4% from the February 26th total of 855,425 shares. Based on an average trading volume of 1,248,899 shares, the short-interest ratio is presently 0.6 days. Approximately 0.1% of the company’s shares are short sold.

LG Display Stock Down 0.1%

Shares of NYSE:LPL opened at $3.89 on Monday. The company has a market capitalization of $3.89 billion, a price-to-earnings ratio of 20.45, a price-to-earnings-growth ratio of 1.77 and a beta of 1.47. The company has a 50 day moving average of $4.23 and a two-hundred day moving average of $4.50. LG Display has a 52-week low of $2.43 and a 52-week high of $5.67. The company has a quick ratio of 0.46, a current ratio of 0.73 and a debt-to-equity ratio of 1.14.

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

Analyst Ratings Changes

LPL has been the topic of several recent research reports. Zacks Research lowered shares of LG Display from a “hold” rating to a “strong sell” rating in a report on Thursday, January 29th. Weiss Ratings reissued a “sell (d-)” rating on shares of LG Display in a research report on Thursday, January 22nd. Finally, Wall Street Zen cut LG Display from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Three research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce”.

Institutional Trading of LG Display

Several large investors have recently modified their holdings of LPL. Jane Street Group LLC increased its position in shares of LG Display by 52.9% during the first quarter. Jane Street Group LLC now owns 58,648 shares of the electronics maker’s stock worth $182,000 after acquiring an additional 20,285 shares during the last quarter. Creative Planning purchased a new position in LG Display in the second quarter valued at about $39,000. Rhumbline Advisers grew its stake in LG Display by 3.4% during the 2nd quarter. Rhumbline Advisers now owns 375,539 shares of the electronics maker’s stock valued at $1,284,000 after purchasing an additional 12,198 shares in the last quarter. American Century Companies Inc. grew its stake in LG Display by 12.0% during 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 purchasing an additional 161,409 shares in the last quarter. Finally, Coldstream Capital Management Inc. increased its holdings in LG Display by 28.5% during the 2nd quarter. Coldstream Capital Management Inc. now owns 26,711 shares of the electronics maker’s stock worth $91,000 after purchasing an additional 5,921 shares during the last quarter.

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.