Connor Clark & Lunn Investment Management Ltd. Has $5.27 Million Stake in LG Display Co., Ltd. (NYSE:LPL)

Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of LG Display Co., Ltd. (NYSE:LPL) by 27.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,301,206 shares of the electronics maker’s stock after acquiring an additional 283,441 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.13% of LG Display worth $5,270,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in LPL. Blue Trust Inc. lifted its position in LG Display by 546.6% during the third quarter. Blue Trust Inc. now owns 183,391 shares of the electronics maker’s stock worth $756,000 after acquiring an additional 155,030 shares during the last quarter. Cubist Systematic Strategies LLC boosted its stake in LG Display by 341.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 31,668 shares of the electronics maker’s stock valued at $130,000 after purchasing an additional 24,488 shares during the period. Caprock Group LLC acquired a new position in LG Display in the 2nd quarter valued at $50,000. Drive Wealth Management LLC acquired a new position in LG Display in the 2nd quarter valued at $50,000. Finally, Natixis Advisors LLC bought a new position in LG Display during the 2nd quarter worth $224,000.

LG Display Trading Down 1.7 %

Shares of LG Display stock opened at $3.45 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.65 and a debt-to-equity ratio of 1.03. LG Display Co., Ltd. has a 12-month low of $3.33 and a 12-month high of $5.66. The company has a market capitalization of $3.45 billion, a price-to-earnings ratio of -1.97 and a beta of 1.38. The firm’s 50-day moving average price is $3.78 and its two-hundred day moving average price is $3.92.

Wall Street Analysts Forecast Growth

LPL has been the topic of several research reports. Citigroup downgraded shares of LG Display from a “buy” rating to a “sell” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. cut shares of LG Display from an “overweight” rating to a “neutral” rating in a report on Wednesday, October 23rd. StockNews.com cut LG Display from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. Finally, Morgan Stanley upgraded LG Display from an “equal weight” rating to an “overweight” rating in a research note on Monday, September 16th.

LG Display 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.