Two Sigma Advisers LP Reduces Position in Liquidity Services, Inc. (LQDT)

Two Sigma Advisers LP lowered its position in Liquidity Services, Inc. (NASDAQ:LQDT) by 10.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 64,199 shares of the business services provider’s stock after selling 7,819 shares during the period. Two Sigma Advisers LP owned 0.19% of Liquidity Services worth $396,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in LQDT. Oregon Public Employees Retirement Fund acquired a new position in Liquidity Services in the fourth quarter worth approximately $62,000. SG Americas Securities LLC acquired a new position in Liquidity Services in the fourth quarter worth approximately $68,000. LS Investment Advisors LLC increased its holdings in Liquidity Services by 1,442.5% in the fourth quarter. LS Investment Advisors LLC now owns 13,142 shares of the business services provider’s stock worth $81,000 after buying an additional 12,290 shares during the last quarter. Magnus Financial Group LLC acquired a new position in Liquidity Services in the fourth quarter worth approximately $82,000. Finally, Crossmark Global Holdings Inc. acquired a new position in Liquidity Services in the fourth quarter worth approximately $169,000. Hedge funds and other institutional investors own 65.05% of the company’s stock.

A number of equities analysts recently commented on the company. BidaskClub downgraded Liquidity Services from a “buy” rating to a “hold” rating in a report on Tuesday, January 22nd. Zacks Investment Research upgraded Liquidity Services from a “sell” rating to a “hold” rating in a report on Thursday, February 7th. ValuEngine upgraded Liquidity Services from a “hold” rating to a “buy” rating in a report on Wednesday, March 20th. Barrington Research reaffirmed a “buy” rating and set a $10.00 target price on shares of Liquidity Services in a research report on Monday, February 11th. Finally, TheStreet cut Liquidity Services from a “c” rating to a “d+” rating in a research report on Monday, April 15th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $9.13.

Shares of Liquidity Services stock opened at $6.48 on Monday. The company has a market cap of $215.83 million, a price-to-earnings ratio of -12.96 and a beta of 1.16. Liquidity Services, Inc. has a 12-month low of $5.17 and a 12-month high of $9.16.

Liquidity Services (NASDAQ:LQDT) last announced its earnings results on Thursday, February 7th. The business services provider reported ($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.04. The firm had revenue of $54.05 million during the quarter, compared to analysts’ expectations of $51.34 million. Liquidity Services had a negative return on equity of 11.08% and a negative net margin of 7.70%. On average, equities analysts forecast that Liquidity Services, Inc. will post -0.41 EPS for the current fiscal year.

In other Liquidity Services news, Director George H. Ellis sold 10,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $6.71, for a total transaction of $70,455.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James M. Rallo sold 4,908 shares of the company’s stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $6.93, for a total value of $34,012.44. Following the sale, the insider now directly owns 4,908 shares of the company’s stock, valued at approximately $34,012.44. The disclosure for this sale can be found here. 18.70% of the stock is owned by corporate insiders.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by Baseball Daily News and is the property of of Baseball Daily News. If you are reading this piece of content on another site, it was illegally copied and republished in violation of U.S. & international copyright and trademark laws. The legal version of this piece of content can be accessed at https://www.baseballdailydigest.com/news/2019/04/22/two-sigma-advisers-lp-reduces-position-in-liquidity-services-inc-lqdt.html.

Liquidity Services Profile

Liquidity Services, Inc provides e-commerce marketplace that enable buyers and sellers to transact in an automated environment offering approximately 500 product categories. The company's marketplaces include liquidation.com that enable corporations to sell surplus and salvage consumer goods and capital assets; govdeals.com that enables local and state government entities, including city, county, and state agencies to sell surplus and salvage assets, as well as offers a suite of services that includes asset sales and marketing, and seller self-service; and auctiondeals.com, a self-service solution, which enable sellers list their own assets, and enable commercial businesses to sell surplus and salvage assets.

Read More: What is the Ex-Dividend Date in Investing?

Want to see what other hedge funds are holding LQDT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Liquidity Services, Inc. (NASDAQ:LQDT).

Institutional Ownership by Quarter for Liquidity Services (NASDAQ:LQDT)

Receive News & Ratings for Liquidity Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liquidity Services and related companies with MarketBeat.com's FREE daily email newsletter.