Liberty Tax, Inc. Class A
TAX
TAX was delisted on the 1st of August, 2018.
62 hedge funds and large institutions have $62.9M invested in Liberty Tax, Inc. Class A in 2018 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 21 increasing their positions, 19 reducing their positions, and 14 closing their positions.
11% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 19
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
6% less capital invested
Capital invested by funds: $67M → $62.9M (-$4.05M)
10% less funds holding
Funds holding: 69 → 62 (-7)
43% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCM
Nantahala Capital Management
New Canaan,
Connecticut
|
+$4.08M |
| 2 |
CC
Cannell Capital
Alta,
Wyoming
|
+$1.73M |
| 3 |
PCM
Poehling Capital Management
Madison,
Wisconsin
|
+$772K |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$576K |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$560K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCM
Tieton Capital Management
Yakima,
Washington
|
-$3.54M |
| 2 |
RCM
Rutabaga Capital Management
Boston,
Massachusetts
|
-$1.75M |
| 3 |
Renaissance Technologies
New York
|
-$525K |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
-$494K |
| 5 |
Millennium Management
New York
|
-$353K |
TAX Hedge Fund Activity: Q1 2018 in Review
62 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Liberty Tax, Inc. Class A (TAX) for Q1 2018, worth a combined $62.9M — down 6% from $67M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of TAX and 8 opened new positions — a net loss of 6 holders — while 19 trimmed existing stakes and 21 added.
The largest buyer was Nantahala Capital Management, adding an estimated $4.08M. The largest seller was Tieton Capital Management, exiting entirely with an estimated $3.54M sold.
- 62 institutional investors held Liberty Tax, Inc. Class A (TAX) as of Q1 2018, down from 69 in Q4 2017.
- Funds reported $62.9M of Liberty Tax, Inc. Class A stock for Q1 2018, down 6% quarter-over-quarter.
- 8 funds opened new Liberty Tax, Inc. Class A positions in Q1 2018 and 14 closed out, a net change of -6 holders.
- The largest Liberty Tax, Inc. Class A buyer in Q1 2018 was Nantahala Capital Management, an estimated $4.08M added.
- The largest Liberty Tax, Inc. Class A seller in Q1 2018 was Tieton Capital Management, an estimated $3.54M sold.
Based on aggregated 13F filings for Q1 2018.