Public Employees Retirement System of Ohio Makes New $647,000 Investment in LG Display Co., Ltd. $LPL

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

Several other large investors also recently modified their holdings of LPL. Allspring Global Investments Holdings LLC bought a new stake in shares of LG Display during the 1st quarter worth about $46,000. Sequoia Financial Advisors LLC raised its holdings in LG Display by 58.9% in the 1st quarter. Sequoia Financial Advisors LLC now owns 237,393 shares of the electronics maker’s stock valued at $921,000 after acquiring an additional 88,030 shares during the period. Simplicity Wealth LLC acquired a new stake in LG Display during the first quarter worth approximately $41,000. HB Wealth Management LLC bought a new stake in shares of LG Display during the first quarter worth approximately $123,000. Finally, QRG Capital Management Inc. boosted its holdings in shares of LG Display by 238.4% during the first quarter. QRG Capital Management Inc. now owns 94,572 shares of the electronics maker’s stock worth $367,000 after acquiring an additional 66,622 shares during the period.

LG Display Stock Performance

NYSE LPL opened at $3.21 on Thursday. The company has a quick ratio of 0.37, a current ratio of 0.63 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $3.21 billion, a P/E ratio of -3.53 and a beta of 1.71. LG Display Co., Ltd. has a 12-month low of $2.76 and a 12-month high of $5.83. The firm has a 50-day moving average price of $3.34 and a two-hundred day moving average price of $4.09.

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on LPL. Weiss Ratings upgraded LG Display from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, August 14th. Zacks Research lowered LG Display from a “hold” rating to a “strong sell” rating in a report on Thursday, July 23rd. One research analyst has rated the stock with a Hold rating and two have given 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 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.