Liberty Tax, Inc. Class A
TAX
TAX was delisted on the 1st of August, 2018.
60 hedge funds and large institutions have $105M invested in Liberty Tax, Inc. Class A in 2016 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 21 increasing their positions, 14 reducing their positions, and 9 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 14
22% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 9
3% more funds holding
Funds holding: 58 → 60 (+2)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
17% less capital invested
Capital invested by funds: $126M → $105M (-$21M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SBCM
Schwerin Boyle Capital Management
Springfield,
Massachusetts
|
+$1.85M |
| 2 |
WCM Investment Management
Laguna Beach,
California
|
+$1.24M |
| 3 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$1.06M |
| 4 |
BTS
BB&T Securities
Richmond,
Virginia
|
+$787K |
| 5 |
OCG
Opus Capital Group
Cincinnati,
Ohio
|
+$506K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCM
Lafitte Capital Management
Austin,
Texas
|
-$2.38M |
| 2 |
RA
Royce & Associates
New York
|
-$1.86M |
| 3 |
TC
TFS Capital
West Chester,
Pennsylvania
|
-$918K |
| 4 |
SS
Simplicity Solutions
Minneapolis,
Minnesota
|
-$570K |
| 5 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
-$551K |
TAX Hedge Fund Activity: Q1 2016 in Review
60 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Liberty Tax, Inc. Class A (TAX) for Q1 2016, worth a combined $105M — down 17% from $126M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new TAX positions and 9 closed out — a net gain of 2 holders — while 21 added to existing stakes and 14 trimmed.
The largest buyer was Schwerin Boyle Capital Management, adding an estimated $1.85M. The largest seller was Lafitte Capital Management, exiting entirely with an estimated $2.38M sold.
- 60 institutional investors held Liberty Tax, Inc. Class A (TAX) as of Q1 2016, up from 58 in Q4 2015.
- Funds reported $105M of Liberty Tax, Inc. Class A stock for Q1 2016, down 17% quarter-over-quarter.
- 11 funds opened new Liberty Tax, Inc. Class A positions in Q1 2016 and 9 closed out, a net change of +2 holders.
- The largest Liberty Tax, Inc. Class A buyer in Q1 2016 was Schwerin Boyle Capital Management, an estimated $1.85M added.
- The largest Liberty Tax, Inc. Class A seller in Q1 2016 was Lafitte Capital Management, an estimated $2.38M sold.
Based on aggregated 13F filings for Q1 2016.