Liquidity Services, Inc. (NASDAQ:LQDT) Stock Holdings Trimmed by HighTower Advisors LLC

HighTower Advisors LLC reduced its holdings in Liquidity Services, Inc. (NASDAQ:LQDT) by 55.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 9,222 shares of the business services provider’s stock after selling 11,266 shares during the quarter. HighTower Advisors LLC’s holdings in Liquidity Services were worth $219,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of LQDT. Pacer Advisors Inc. grew its holdings in Liquidity Services by 9.5% in the 3rd quarter. Pacer Advisors Inc. now owns 881,234 shares of the business services provider’s stock worth $20,092,000 after buying an additional 76,794 shares in the last quarter. Acadian Asset Management LLC raised its stake in Liquidity Services by 15.7% during the 2nd quarter. Acadian Asset Management LLC now owns 503,600 shares of the business services provider’s stock valued at $10,060,000 after acquiring an additional 68,407 shares in the last quarter. Rice Hall James & Associates LLC boosted its position in Liquidity Services by 1.3% during the 3rd quarter. Rice Hall James & Associates LLC now owns 367,302 shares of the business services provider’s stock worth $8,374,000 after acquiring an additional 4,838 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of Liquidity Services by 4.9% in the third quarter. Assenagon Asset Management S.A. now owns 237,725 shares of the business services provider’s stock worth $5,420,000 after purchasing an additional 11,022 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Liquidity Services by 3.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 202,276 shares of the business services provider’s stock valued at $4,612,000 after purchasing an additional 6,341 shares during the period. Institutional investors own 71.15% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on LQDT shares. Craig Hallum boosted their price target on shares of Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. StockNews.com raised Liquidity Services from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 21st. Finally, Barrington Research reaffirmed an “outperform” rating and set a $27.00 price target on shares of Liquidity Services in a research note on Tuesday, December 10th.

Liquidity Services Trading Up 1.7 %

Shares of Liquidity Services stock opened at $31.72 on Thursday. The stock has a market capitalization of $975.10 million, a price-to-earnings ratio of 50.35 and a beta of 1.42. The firm has a fifty day simple moving average of $25.67 and a 200-day simple moving average of $22.83. Liquidity Services, Inc. has a 1-year low of $13.99 and a 1-year high of $36.00.

Insider Activity at Liquidity Services

In related news, EVP John Daunt sold 4,546 shares of Liquidity Services stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $31.68, for a total transaction of $144,017.28. Following the completion of the sale, the executive vice president now directly owns 43,309 shares of the company’s stock, valued at $1,372,029.12. The trade was a 9.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Edward Kolodzieski sold 2,000 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $31.90, for a total transaction of $63,800.00. Following the completion of the sale, the director now owns 17,229 shares in the company, valued at $549,605.10. This represents a 10.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 99,668 shares of company stock valued at $3,265,758 over the last quarter. 29.77% of the stock is owned by company insiders.

Liquidity Services Company Profile

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.