Liberty Tax, Inc. Class A
TAX
TAX was delisted on the 1st of August, 2018.
69 hedge funds and large institutions have $67M invested in Liberty Tax, Inc. Class A in 2017 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 31 increasing their positions, 15 reducing their positions, and 11 closing their positions.
107% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 15
18% more first-time investments, than exits
New positions opened: 13 | Existing positions closed: 11
3% more funds holding
Funds holding: 67 → 69 (+2)
23% less capital invested
Capital invested by funds: $87.3M → $67M (-$20.3M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Cannell Capital
Alta,
Wyoming
|
+$1.25M |
| 2 |
Geode Capital Management
Boston,
Massachusetts
|
+$840K |
| 3 |
MAM
Martingale Asset Management
Boston,
Massachusetts
|
+$651K |
| 4 |
Two Sigma Investments
New York
|
+$604K |
| 5 |
SBCM
Schwerin Boyle Capital Management
Springfield,
Massachusetts
|
+$558K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rutabaga Capital Management
Boston,
Massachusetts
|
-$3.29M |
| 2 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
-$1.97M |
| 3 |
FG
Formula Growth
Montreal,
Quebec, Canada
|
-$796K |
| 4 |
Renaissance Technologies
New York
|
-$619K |
| 5 |
MERSOM
Municipal Employees' Retirement System of Michigan
Lansing,
Michigan
|
-$320K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Creative Planning
Overland Park,
Kansas
| – | -$216K | -15,000 | Closed |
|
|
IA
77
Icon Advisers
Greenwood Village,
Colorado
| – | -$206K | -14,295 | Closed |
|
|
DTL
78
Dynamic Technology Lab
Singapore
| – | -$160K | -11,121 | Closed |
|
|
HFA
79
High Falls Advisors
Rochester,
New York
| – | -$146K | -10,153 | Closed |
|
|
BGIM
80
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
| – | -$110K | -7,631 | Closed |
|
TAX Hedge Fund Activity: Q4 2017 in Review
69 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Liberty Tax, Inc. Class A (TAX) for Q4 2017, worth a combined $67M — down 23% from $87.3M a quarter earlier.
Buyers outnumbered sellers: 13 funds opened new TAX positions and 11 closed out — a net gain of 2 holders — while 31 added to existing stakes and 15 trimmed.
The largest buyer was Cannell Capital, adding an estimated $1.25M. The largest seller was Rutabaga Capital Management, cutting an estimated $3.29M.
- 69 institutional investors held Liberty Tax, Inc. Class A (TAX) as of Q4 2017, up from 67 in Q3 2017.
- Funds reported $67M of Liberty Tax, Inc. Class A stock for Q4 2017, down 23% quarter-over-quarter.
- 13 funds opened new Liberty Tax, Inc. Class A positions in Q4 2017 and 11 closed out, a net change of +2 holders.
- The largest Liberty Tax, Inc. Class A buyer in Q4 2017 was Cannell Capital, an estimated $1.25M added.
- The largest Liberty Tax, Inc. Class A seller in Q4 2017 was Rutabaga Capital Management, an estimated $3.29M sold.
Based on aggregated 13F filings for Q4 2017.