Liberty Tax, Inc. Class A
TAX
TAX was delisted on the 1st of August, 2018.
62 hedge funds and large institutions have $76M invested in Liberty Tax, Inc. Class A in 2016 Q4 according to their latest regulatory filings, with 12 funds opening new positions, 26 increasing their positions, 11 reducing their positions, and 9 closing their positions.
136% more repeat investments, than reductions
Existing positions increased: 26 | Existing positions reduced: 11
33% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 9
19% more capital invested
Capital invested by funds: $63.7M → $76M (+$12.3M)
5% more funds holding
Funds holding: 59 → 62 (+3)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCM
Tieton Capital Management
Yakima,
Washington
|
+$5.05M |
| 2 |
NA
NS Advisors
Westport,
Connecticut
|
+$2.96M |
| 3 |
LSV Asset Management
Chicago,
Illinois
|
+$1.58M |
| 4 |
RCM
Rutabaga Capital Management
Boston,
Massachusetts
|
+$1.52M |
| 5 |
Bank of New York Mellon
New York
|
+$1.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NTCM
Nine Ten Capital Management
Chicago,
Illinois
|
-$4.44M |
| 2 |
SBCM
Schwerin Boyle Capital Management
Springfield,
Massachusetts
|
-$1.98M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$746K |
| 4 |
Wells Fargo
San Francisco,
California
|
-$403K |
| 5 |
FG
Formula Growth
Montreal,
Quebec, Canada
|
-$308K |
TAX Hedge Fund Activity: Q4 2016 in Review
62 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Liberty Tax, Inc. Class A (TAX) for Q4 2016, worth a combined $76M — up 19% from $63.7M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new TAX positions and 9 closed out — a net gain of 3 holders — while 26 added to existing stakes and 11 trimmed.
The largest buyer was Tieton Capital Management, opening a new position worth an estimated $5.05M. The largest seller was Nine Ten Capital Management, exiting entirely with an estimated $4.44M sold.
- 62 institutional investors held Liberty Tax, Inc. Class A (TAX) as of Q4 2016, up from 59 in Q3 2016.
- Funds reported $76M of Liberty Tax, Inc. Class A stock for Q4 2016, up 19% quarter-over-quarter.
- 12 funds opened new Liberty Tax, Inc. Class A positions in Q4 2016 and 9 closed out, a net change of +3 holders.
- The largest Liberty Tax, Inc. Class A buyer in Q4 2016 was Tieton Capital Management, an estimated $5.05M added.
- The largest Liberty Tax, Inc. Class A seller in Q4 2016 was Nine Ten Capital Management, an estimated $4.44M sold.
Based on aggregated 13F filings for Q4 2016.