Liquidity Services, Inc. (NASDAQ:LQDT) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Liquidity Services, Inc. (NASDAQ:LQDT) by 11.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,606 shares of the business services provider’s stock after acquiring an additional 476 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Liquidity Services were worth $143,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its stake in Liquidity Services by 10.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 132,134 shares of the business services provider’s stock valued at $4,097,000 after purchasing an additional 12,702 shares during the last quarter. Millennium Management LLC grew its stake in Liquidity Services by 826.0% during the 4th 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 during the last quarter. BNP Paribas Financial Markets grew its stake in Liquidity Services by 155.2% during the 4th quarter. BNP Paribas Financial Markets now owns 63,587 shares of the business services provider’s stock valued at $2,053,000 after purchasing an additional 38,675 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Liquidity Services by 25.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 71,511 shares of the business services provider’s stock valued at $2,309,000 after purchasing an additional 14,542 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in Liquidity Services by 25.9% during the 4th quarter. Alliancebernstein L.P. now owns 23,084 shares of the business services provider’s stock valued at $745,000 after purchasing an additional 4,756 shares during the last quarter. Institutional investors and hedge funds own 71.15% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen cut Liquidity Services from a “strong-buy” rating to a “buy” rating in a report on Saturday.

Liquidity Services Stock Performance

Shares of Liquidity Services stock opened at $23.97 on Monday. The firm has a market capitalization of $748.37 million, a price-to-earnings ratio of 28.88 and a beta of 1.21. Liquidity Services, Inc. has a fifty-two week low of $21.00 and a fifty-two week high of $39.72. The stock has a 50 day moving average of $24.14 and a 200 day moving average of $28.46.

Liquidity Services (NASDAQ:LQDT) last released its quarterly earnings results on Thursday, August 7th. The business services provider reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. Liquidity Services had a return on equity of 20.75% and a net margin of 6.25%. The company had revenue of $119.88 million for the quarter, compared to analysts’ expectations of $120.41 million.

Liquidity Services 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.