Millennium Management LLC purchased a new position in Liberty Tax Inc (NASDAQ:TAX) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 90,266 shares of the business services provider’s stock, valued at approximately $729,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Creative Planning bought a new stake in shares of Liberty Tax during the second quarter worth $121,000. LMR Partners LLP purchased a new position in shares of Liberty Tax during the second quarter valued at $219,000. Hartford Investment Management Co. purchased a new position in Liberty Tax in the second quarter valued at about $268,000. Paloma Partners Management Co purchased a new position in Liberty Tax in the second quarter valued at about $270,000. Finally, Dimensional Fund Advisors LP grew its stake in Liberty Tax by 18.0% in the second quarter. Dimensional Fund Advisors LP now owns 318,089 shares of the business services provider’s stock valued at $2,569,000 after purchasing an additional 48,492 shares during the last quarter. Institutional investors own 49.01% of the company’s stock.
Shares of TAX stock opened at $9.20 on Friday. Liberty Tax Inc has a fifty-two week low of $7.75 and a fifty-two week high of $14.70.
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Liberty Tax, Inc, together with its subsidiaries, provides tax preparation services and solutions in the United States and Canada. The company also facilitates refund-based tax settlement financial products, such as refund transfer products, refund-based loans, and personal income tax refund discounting, as well as provides an online digital Do-It-Yourself tax program in the United States.
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