UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 25.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,511 shares of the business services provider's stock after acquiring an additional 14,542 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.23% of Liquidity Services worth $2,309,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LQDT. Ameriprise Financial Inc. grew its stake in shares of Liquidity Services by 651.4% during the 4th quarter. Ameriprise Financial Inc. now owns 798,688 shares of the business services provider's stock worth $25,790,000 after acquiring an additional 692,390 shares in the last quarter. Millennium Management LLC grew its position in Liquidity Services by 826.0% in the fourth quarter. Millennium Management LLC now owns 196,366 shares of the business services provider's stock valued at $6,341,000 after purchasing an additional 175,161 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Liquidity Services by 57.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 457,351 shares of the business services provider's stock valued at $14,768,000 after buying an additional 167,767 shares during the last quarter. Royce & Associates LP lifted its position in Liquidity Services by 561.2% during the 4th quarter. Royce & Associates LP now owns 141,649 shares of the business services provider's stock worth $4,574,000 after buying an additional 120,226 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in Liquidity Services during the 4th quarter worth about $3,477,000. 71.15% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the company. Wall Street Zen downgraded Liquidity Services from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th. Barrington Research reaffirmed an "outperform" rating and issued a $40.00 price objective on shares of Liquidity Services in a research report on Wednesday, March 19th.
Read Our Latest Stock Analysis on Liquidity Services
Liquidity Services Stock Performance
NASDAQ:LQDT traded down $0.10 during mid-day trading on Tuesday, hitting $24.68. 187,647 shares of the stock were exchanged, compared to its average volume of 238,181. The firm's 50-day simple moving average is $27.71 and its 200 day simple moving average is $30.51. The stock has a market capitalization of $770.53 million, a price-to-earnings ratio of 32.91 and a beta of 1.16. Liquidity Services, Inc. has a fifty-two week low of $18.87 and a fifty-two week high of $39.72.
Liquidity Services (NASDAQ:LQDT - Get Free Report) last issued its earnings results on Thursday, May 8th. The business services provider reported $0.31 EPS for the quarter, meeting the consensus estimate of $0.31. The company had revenue of $116.38 million during the quarter, compared to analysts' expectations of $125.20 million. Liquidity Services had a net margin of 6.37% and a return on equity of 20.94%.
Insider Activity at Liquidity Services
In related news, Director Jaime Mateus-Tique sold 29,169 shares of the stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $29.06, for a total value of $847,651.14. Following the completion of the transaction, the director now owns 230,393 shares of the company's stock, valued at $6,695,220.58. This represents a 11.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders have sold 105,100 shares of company stock valued at $3,223,400. 28.40% of the stock is owned by insiders.
Liquidity Services Profile
(
Free Report)
Liquidity Services, Inc provides e-commerce marketplaces, self-directed auction listing tools, and value-added services in the United States and internationally. The company operates through four segments: GovDeals, Retail Supply Chain Group (RSCG), Capital Assets Group (CAG), and Machinio. Its marketplaces include liquidation.com that enable corporations to sell surplus and salvage consumer goods and retail capital assets; GovDeals marketplace, which provides self-directed service solutions in which sellers list their own assets that enables local and state government entities, and commercial businesses located in the United States and Canada to sell surplus and salvage assets; and AllSurplus, a centralized marketplace that connects global buyer base with assets from across the network of marketplaces in a single destination.
Read More
Before you consider Liquidity Services, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Liquidity Services wasn't on the list.
While Liquidity Services currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
