Stone Ridge Asset Management LLC acquired a new position in Liquidity Services, Inc. (NASDAQ:LQDT) during the fourth quarter, Holdings Channel reports. The fund acquired 67,966 shares of the business services provider’s stock, valued at approximately $330,000.
Other institutional investors have also recently modified their holdings of the company. Roumell Asset Management LLC grew its position in shares of Liquidity Services by 39.9% in the 3rd quarter. Roumell Asset Management LLC now owns 875,871 shares of the business services provider’s stock worth $5,168,000 after buying an additional 249,611 shares during the last quarter. Eagle Boston Investment Management Inc. grew its position in shares of Liquidity Services by 7.2% in the 4th quarter. Eagle Boston Investment Management Inc. now owns 279,418 shares of the business services provider’s stock worth $1,355,000 after buying an additional 18,715 shares during the last quarter. Boston Partners purchased a new position in shares of Liquidity Services in the 4th quarter worth approximately $934,000. Arizona State Retirement System grew its position in shares of Liquidity Services by 224.0% in the 4th quarter. Arizona State Retirement System now owns 42,888 shares of the business services provider’s stock worth $208,000 after buying an additional 29,651 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new position in shares of Liquidity Services in the 4th quarter worth approximately $115,000. 67.60% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Liquidity Services from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. ValuEngine cut shares of Liquidity Services from a “sell” rating to a “strong sell” rating in a research note on Thursday, February 8th. Finally, Barrington Research upgraded shares of Liquidity Services from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 1st.
Liquidity Services (NASDAQ:LQDT) last released its earnings results on Thursday, February 1st. The business services provider reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.19. The company had revenue of $61.14 million during the quarter, compared to analysts’ expectations of $65.42 million. Liquidity Services had a negative net margin of 12.29% and a negative return on equity of 20.43%. Liquidity Services’s revenue for the quarter was down 13.6% on a year-over-year basis. During the same period last year, the business earned ($0.22) EPS. research analysts forecast that Liquidity Services, Inc. will post -0.46 EPS for the current fiscal year.
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Liquidity Services Company Profile
Liquidity Services, Inc operates a network of e-commerce marketplaces that enable buyers and sellers to transact in an automated environment. The Company employs e-commerce marketplace solutions to manage, value and sell inventory and equipment for business and government clients. The Company’s marketplaces provide professional buyers access to a global supply of new, surplus and scrap assets presented with digital images and other relevant product information.
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