Liberty Tax, Inc. Class A
TAX
TAX was delisted on the 1st of August, 2018.
57 hedge funds and large institutions have $75.5M invested in Liberty Tax, Inc. Class A in 2017 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 23 increasing their positions, 18 reducing their positions, and 14 closing their positions.
28% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 18
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
5% less capital invested
Capital invested by funds: $79.8M → $75.5M (-$4.33M)
11% less funds holding
Funds holding: 64 → 57 (-7)
50% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CC
Cannell Capital
Alta,
Wyoming
|
+$5.78M |
| 2 |
SIM
Spark Investment Management
New York
|
+$858K |
| 3 |
AG
Algert Global
San Francisco,
California
|
+$554K |
| 4 |
MERSOM
Municipal Employees' Retirement System of Michigan
Lansing,
Michigan
|
+$308K |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
+$299K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rutabaga Capital Management
Boston,
Massachusetts
|
-$1.73M |
| 2 |
CIA
Capital Impact Advisors
Boston,
Massachusetts
|
-$591K |
| 3 |
Renaissance Technologies
New York
|
-$572K |
| 4 |
TCM
Tieton Capital Management
Yakima,
Washington
|
-$544K |
| 5 |
Two Sigma Investments
New York
|
-$445K |
TAX Hedge Fund Activity: Q2 2017 in Review
57 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Liberty Tax, Inc. Class A (TAX) for Q2 2017, worth a combined $75.5M — down 5.4% from $79.8M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of TAX and 7 opened new positions — a net loss of 7 holders — while 18 trimmed existing stakes and 23 added.
The largest buyer was Cannell Capital, adding an estimated $5.78M. The largest seller was Rutabaga Capital Management, cutting an estimated $1.73M.
- 57 institutional investors held Liberty Tax, Inc. Class A (TAX) as of Q2 2017, down from 64 in Q1 2017.
- Funds reported $75.5M of Liberty Tax, Inc. Class A stock for Q2 2017, down 5.4% quarter-over-quarter.
- 7 funds opened new Liberty Tax, Inc. Class A positions in Q2 2017 and 14 closed out, a net change of -7 holders.
- The largest Liberty Tax, Inc. Class A buyer in Q2 2017 was Cannell Capital, an estimated $5.78M added.
- The largest Liberty Tax, Inc. Class A seller in Q2 2017 was Rutabaga Capital Management, an estimated $1.73M sold.
Based on aggregated 13F filings for Q2 2017.