Cerity Partners LLC Boosts Position in LG Display Co., Ltd. (NYSE:LPL)

Cerity Partners LLC boosted its stake in shares of LG Display Co., Ltd. (NYSE:LPL - Free Report) by 498.6% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 128,662 shares of the electronics maker's stock after purchasing an additional 107,167 shares during the period. Cerity Partners LLC's holdings in LG Display were worth $400,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of LPL. Two Sigma Advisers LP purchased a new position in LG Display in the fourth quarter valued at $32,000. Fragasso Financial Advisors Inc purchased a new position in shares of LG Display in the first quarter valued at approximately $32,000. BSW Wealth Partners purchased a new position in LG Display in the 1st quarter valued at $42,000. Millennium Management LLC grew its stake in LG Display by 21.2% during the 4th quarter. Millennium Management LLC now owns 20,900 shares of the electronics maker's stock valued at $64,000 after acquiring an additional 3,661 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of LG Display by 376.1% in the first quarter. GAMMA Investing LLC now owns 22,001 shares of the electronics maker's stock valued at $68,000 after purchasing an additional 17,380 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Bank of America began coverage on shares of LG Display in a report on Thursday, April 24th. They issued a "neutral" rating for the company. Wall Street Zen upgraded LG Display from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Finally, Morgan Stanley upgraded LG Display from an "underweight" rating to an "equal weight" rating in a research note on Wednesday, June 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold".

LG Display Price Performance

Shares of NYSE LPL opened at $3.84 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.46 and a debt-to-equity ratio of 0.98. The stock has a market cap of $3.84 billion, a P/E ratio of -2.15, a P/E/G ratio of 0.57 and a beta of 1.44. The stock has a 50 day moving average of $3.35 and a two-hundred day moving average of $3.20. LG Display Co., Ltd. has a twelve month low of $2.43 and a twelve month high of $4.31.

LG Display (NYSE:LPL - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The electronics maker reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.38). LG Display had a negative net margin of 7.17% and a negative return on equity of 24.14%. The business had revenue of $4.17 billion during the quarter, compared to analysts' expectations of $4.33 billion. On average, research analysts forecast that LG Display Co., Ltd. will post 0.59 earnings per share for the current year.

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.

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