Connor Clark & Lunn Investment Management Ltd. Increases Stock Position in LG Display Co., Ltd. (NYSE:LPL)

Connor Clark & Lunn Investment Management Ltd. boosted its stake in LG Display Co., Ltd. (NYSE:LPL) by 5.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,371,287 shares of the electronics maker’s stock after acquiring an additional 70,081 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.14% of LG Display worth $4,210,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Coldstream Capital Management Inc. lifted its position in LG Display by 34.5% in the third quarter. Coldstream Capital Management Inc. now owns 21,785 shares of the electronics maker’s stock valued at $88,000 after acquiring an additional 5,588 shares during the last quarter. Caprock Group LLC lifted its position in LG Display by 48.7% in the fourth quarter. Caprock Group LLC now owns 17,144 shares of the electronics maker’s stock valued at $53,000 after acquiring an additional 5,618 shares during the last quarter. Rhumbline Advisers lifted its position in LG Display by 1.9% in the fourth quarter. Rhumbline Advisers now owns 355,197 shares of the electronics maker’s stock valued at $1,090,000 after acquiring an additional 6,484 shares during the last quarter. State Street Corp lifted its position in LG Display by 1.2% in the third quarter. State Street Corp now owns 628,299 shares of the electronics maker’s stock valued at $2,545,000 after acquiring an additional 7,412 shares during the last quarter. Finally, Orion Portfolio Solutions LLC lifted its position in LG Display by 24.2% in the third quarter. Orion Portfolio Solutions LLC now owns 48,817 shares of the electronics maker’s stock valued at $198,000 after acquiring an additional 9,527 shares during the last quarter.

LG Display Price Performance

Shares of NYSE:LPL opened at $3.20 on Monday. The company has a 50-day simple moving average of $3.26 and a 200-day simple moving average of $3.49. LG Display Co., Ltd. has a one year low of $3.05 and a one year high of $4.86. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.43 and a current ratio of 0.64. The stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of -1.33 and a beta of 1.35.

LG Display (NYSE:LPL) last announced its earnings results on Wednesday, January 22nd. The electronics maker reported ($0.60) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.67). LG Display had a negative net margin of 9.42% and a negative return on equity of 29.08%. On average, analysts predict that LG Display Co., Ltd. will post 0.59 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of LG Display from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th.

LG Display Company Profile

LG Display Co, Ltd., together with its subsidiaries, engages in the manufacture and sale of thin-film transistor liquid crystal display (TFT-LCD) and organic light emitting diode (OLED) technology-based display panels. Its TFT-LCD and OLED technology-based display panels are primarily used in televisions, notebook computers, desktop monitors, tablet computers, mobile devices, and automotive displays.