Alliancebernstein L.P. cut its stake in shares of Lumber Liquidators Holdings, Inc (NYSE:LL) by 40.5% during the first quarter, Holdings Channel reports. The institutional investor owned 17,216 shares of the specialty retailer’s stock after selling 11,700 shares during the period. Alliancebernstein L.P.’s holdings in Lumber Liquidators Holdings were worth $361,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of LL. Mason Street Advisors LLC boosted its position in Lumber Liquidators Holdings by 11.0% in the first quarter. Mason Street Advisors LLC now owns 6,606 shares of the specialty retailer’s stock valued at $139,000 after buying an additional 652 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in Lumber Liquidators Holdings by 27.8% in the first quarter. BNP Paribas Arbitrage SA now owns 7,697 shares of the specialty retailer’s stock valued at $162,000 after buying an additional 1,676 shares in the last quarter. UBS Asset Management Americas Inc. purchased a new position in Lumber Liquidators Holdings during the first quarter valued at about $220,000. Hodges Capital Management Inc. purchased a new position in Lumber Liquidators Holdings during the first quarter valued at about $231,000. Finally, Louisiana State Employees Retirement System boosted its position in Lumber Liquidators Holdings by 4.5% in the first quarter. Louisiana State Employees Retirement System now owns 11,500 shares of the specialty retailer’s stock valued at $241,000 after buying an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 73.51% of the company’s stock.

Lumber Liquidators Holdings, Inc (LL) traded up 1.11% during midday trading on Friday, hitting $35.62. 1,007,283 shares of the stock were exchanged. The firm has a 50-day moving average price of $27.89 and a 200-day moving average price of $23.14. The stock’s market cap is $1.01 billion. Lumber Liquidators Holdings, Inc has a one year low of $14.02 and a one year high of $37.84.

Lumber Liquidators Holdings (NYSE:LL) last released its quarterly earnings results on Tuesday, August 1st. The specialty retailer reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.24. The business had revenue of $263.50 million during the quarter, compared to the consensus estimate of $256.89 million. Lumber Liquidators Holdings had a negative return on equity of 11.75% and a negative net margin of 4.58%. The business’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.45) EPS. On average, equities research analysts anticipate that Lumber Liquidators Holdings, Inc will post ($0.71) EPS for the current fiscal year.

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Several research firms recently issued reports on LL. Oppenheimer Holdings, Inc. upgraded shares of Lumber Liquidators Holdings from a “market perform” rating to an “outperform” rating and set a $34.00 target price for the company in a research note on Friday, May 19th. Zacks Investment Research upgraded shares of Lumber Liquidators Holdings from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Wednesday, July 5th. Wedbush restated an “outperform” rating and set a $35.00 price objective (up from $27.00) on shares of Lumber Liquidators Holdings in a research report on Tuesday. BidaskClub cut shares of Lumber Liquidators Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, TheStreet upgraded shares of Lumber Liquidators Holdings from a “d+” rating to a “c” rating in a research report on Tuesday, August 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $26.78.

Lumber Liquidators Holdings Company Profile

Lumber Liquidators Holdings, Inc is a multi-channel specialty retailer of hardwood flooring, and hardwood flooring enhancements and accessories. The Company offers hardwood species, engineered hardwood, laminate and resilient vinyl flooring direct to the consumer. Its product categories include Solid and Engineered Hardwood; Laminate; Bamboo, Cork, Vinyl Plank and Other, Moldings and Accessories, and Non-Merchandise Services.

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Institutional Ownership by Quarter for Lumber Liquidators Holdings (NYSE:LL)

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