SG Americas Securities LLC Sells 963 Shares of Liquidity Services, Inc. (NASDAQ:LQDT)

SG Americas Securities LLC lowered its holdings in Liquidity Services, Inc. (NASDAQ:LQDT) by 10.5% in the fourth quarter, Holdings Channel reports. The firm owned 8,251 shares of the business services provider’s stock after selling 963 shares during the quarter. SG Americas Securities LLC’s holdings in Liquidity Services were worth $142,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in LQDT. Swiss National Bank grew its position in Liquidity Services by 7.5% in the first quarter. Swiss National Bank now owns 67,100 shares of the business services provider’s stock valued at $1,149,000 after purchasing an additional 4,700 shares in the last quarter. Citigroup Inc. grew its position in Liquidity Services by 3.8% in the first quarter. Citigroup Inc. now owns 26,305 shares of the business services provider’s stock valued at $450,000 after purchasing an additional 973 shares in the last quarter. MetLife Investment Management LLC grew its position in Liquidity Services by 50.3% in the first quarter. MetLife Investment Management LLC now owns 15,553 shares of the business services provider’s stock valued at $266,000 after purchasing an additional 5,207 shares in the last quarter. Panagora Asset Management Inc. grew its position in Liquidity Services by 1.2% in the first quarter. Panagora Asset Management Inc. now owns 78,931 shares of the business services provider’s stock valued at $1,351,000 after purchasing an additional 959 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Liquidity Services by 14.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 22,995 shares of the business services provider’s stock valued at $394,000 after purchasing an additional 2,906 shares in the last quarter. Institutional investors own 71.15% of the company’s stock.

Analyst Ratings Changes

LQDT has been the subject of a number of recent analyst reports. StockNews.com cut shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 13th. Barrington Research reiterated an “outperform” rating and issued a $27.00 price target on shares of Liquidity Services in a research note on Thursday, February 8th. Finally, TheStreet cut shares of Liquidity Services from a “b-” rating to a “c+” rating in a research note on Thursday, February 8th.

Liquidity Services Stock Performance

NASDAQ LQDT opened at $17.46 on Wednesday. Liquidity Services, Inc. has a 52-week low of $12.60 and a 52-week high of $21.10. The stock has a market cap of $536.37 million, a PE ratio of 29.10 and a beta of 1.34. The firm has a 50-day moving average of $17.67 and a 200-day moving average of $18.20.

Liquidity Services (NASDAQ:LQDT) last released its earnings results on Thursday, February 8th. The business services provider reported $0.14 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.02). Liquidity Services had a net margin of 6.03% and a return on equity of 17.62%. The firm had revenue of $71.33 million during the quarter.

Insider Buying and Selling at Liquidity Services

In other Liquidity Services news, Director George H. Ellis sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $17.50, for a total value of $105,000.00. Following the transaction, the director now directly owns 19,402 shares of the company’s stock, valued at approximately $339,535. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 29.77% of the company’s stock.

About Liquidity Services

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.