New York State Teachers Retirement System Sells 1,447 Shares of Liquidity Services, Inc. (NASDAQ:LQDT)

New York State Teachers Retirement System lessened its holdings in Liquidity Services, Inc. (NASDAQ:LQDT) by 2.9% during the 4th quarter, Holdings Channel reports. The firm owned 48,226 shares of the business services provider’s stock after selling 1,447 shares during the period. New York State Teachers Retirement System’s holdings in Liquidity Services were worth $830,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of LQDT. Captrust Financial Advisors raised its position in shares of Liquidity Services by 87.0% in the 1st quarter. Captrust Financial Advisors now owns 2,050 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 954 shares during the period. Tower Research Capital LLC TRC raised its holdings in Liquidity Services by 528.0% during the 1st quarter. Tower Research Capital LLC TRC now owns 3,203 shares of the business services provider’s stock worth $42,000 after buying an additional 2,693 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Liquidity Services during the 2nd quarter worth approximately $53,000. Royal Bank of Canada raised its holdings in Liquidity Services by 37.2% during the 3rd quarter. Royal Bank of Canada now owns 4,306 shares of the business services provider’s stock worth $70,000 after buying an additional 1,167 shares during the period. Finally, UBS Group AG raised its holdings in Liquidity Services by 124.7% during the 3rd quarter. UBS Group AG now owns 4,493 shares of the business services provider’s stock worth $73,000 after buying an additional 2,493 shares during the period. 71.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director George H. Ellis sold 6,000 shares of Liquidity Services stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $17.50, for a total value of $105,000.00. Following the sale, the director now directly owns 19,402 shares in the company, valued at $339,535. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 29.77% of the stock is owned by corporate insiders.

Liquidity Services Stock Up 0.1 %

NASDAQ LQDT opened at $16.91 on Friday. Liquidity Services, Inc. has a 12-month low of $12.62 and a 12-month high of $21.10. The company has a market capitalization of $519.48 million, a PE ratio of 28.18 and a beta of 1.34. The firm’s 50 day moving average is $17.69 and its 200-day moving average is $18.18.

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

Analysts Set New Price Targets

LQDT has been the topic of several research analyst reports. Barrington Research restated an “outperform” rating and set a $27.00 target price on shares of Liquidity Services in a report on Thursday, February 8th. TheStreet downgraded shares of Liquidity Services from a “b-” rating to a “c+” rating in a report on Thursday, February 8th. Finally, StockNews.com downgraded shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 13th.

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.