LG Display (NYSE:LPL) Cut to Hold at StockNews.com

LG Display (NYSE:LPL) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

Other analysts have also recently issued research reports about the company. Citigroup cut LG Display from a “buy” rating to a “sell” rating in a research report on Thursday, October 24th. Morgan Stanley upgraded LG Display from an “equal weight” rating to an “overweight” rating in a research report on Monday, September 16th. Finally, JPMorgan Chase & Co. lowered shares of LG Display from an “overweight” rating to a “neutral” rating in a research report on Wednesday, October 23rd.

LG Display Stock Performance

Shares of NYSE LPL remained flat at $3.25 during midday trading on Tuesday. 305,191 shares of the company’s stock were exchanged, compared to its average volume of 278,573. LG Display has a fifty-two week low of $3.05 and a fifty-two week high of $5.66. The company’s 50-day moving average is $3.36 and its 200-day moving average is $3.82. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.43 and a current ratio of 0.65. The company has a market cap of $3.25 billion, a PE ratio of -1.86 and a beta of 1.33.

Institutional Trading of LG Display

A number of hedge funds have recently modified their holdings of LPL. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of LG Display by 27.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,301,206 shares of the electronics maker’s stock valued at $5,270,000 after purchasing an additional 283,441 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in LG Display in the third quarter valued at approximately $797,000. Blue Trust Inc. increased its position in shares of LG Display by 546.6% in the third quarter. Blue Trust Inc. now owns 183,391 shares of the electronics maker’s stock valued at $756,000 after buying an additional 155,030 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of LG Display during the 2nd quarter worth approximately $468,000. Finally, American Century Companies Inc. lifted its position in shares of LG Display by 5.7% during the 2nd quarter. American Century Companies Inc. now owns 1,170,801 shares of the electronics maker’s stock valued at $4,824,000 after buying an additional 63,080 shares in the last quarter.

About LG Display

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.