Liberty Tax, Inc. Class A
TAX
TAX was delisted on the 1st of August, 2018.
56 hedge funds and large institutions have $67.9M invested in Liberty Tax, Inc. Class A in 2016 Q2 according to their latest regulatory filings, with 11 funds opening new positions, 24 increasing their positions, 11 reducing their positions, and 15 closing their positions.
118% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 11
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
7% less funds holding
Funds holding: 60 → 56 (-4)
27% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 15
36% less capital invested
Capital invested by funds: $105M → $67.9M (-$37.4M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FG
Formula Growth
Montreal,
Quebec, Canada
|
+$3.08M |
| 2 |
SBCM
Schwerin Boyle Capital Management
Springfield,
Massachusetts
|
+$2.85M |
| 3 |
CA
Continental Advisors
Park City,
Utah
|
+$2.09M |
| 4 |
RCM
Rutabaga Capital Management
Boston,
Massachusetts
|
+$1.53M |
| 5 |
KCM
Kennedy Capital Management
St Louis,
Missouri
|
+$1.25M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PM
Pembroke Management
Montreal,
Quebec, Canada
|
-$11.9M |
| 2 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
-$5.72M |
| 3 |
PCM
Perritt Capital Management
Chicago,
Illinois
|
-$3.01M |
| 4 |
NTCM
Nine Ten Capital Management
Chicago,
Illinois
|
-$1.74M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
-$1.39M |
TAX Hedge Fund Activity: Q2 2016 in Review
56 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Liberty Tax, Inc. Class A (TAX) for Q2 2016, worth a combined $67.9M — down 36% from $105M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of TAX and 11 opened new positions — a net loss of 4 holders — while 11 trimmed existing stakes and 24 added.
The largest buyer was Formula Growth, adding an estimated $3.08M. The largest seller was Pembroke Management, exiting entirely with an estimated $11.9M sold.
- 56 institutional investors held Liberty Tax, Inc. Class A (TAX) as of Q2 2016, down from 60 in Q1 2016.
- Funds reported $67.9M of Liberty Tax, Inc. Class A stock for Q2 2016, down 36% quarter-over-quarter.
- 11 funds opened new Liberty Tax, Inc. Class A positions in Q2 2016 and 15 closed out, a net change of -4 holders.
- The largest Liberty Tax, Inc. Class A buyer in Q2 2016 was Formula Growth, an estimated $3.08M added.
- The largest Liberty Tax, Inc. Class A seller in Q2 2016 was Pembroke Management, an estimated $11.9M sold.
Based on aggregated 13F filings for Q2 2016.