Morgan Stanley increased its position in shares of Liquidity Services, Inc. (NASDAQ:LQDT) by 3.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 240,482 shares of the business services provider’s stock after buying an additional 7,731 shares during the period. Morgan Stanley owned 0.77% of Liquidity Services worth $1,924,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Strs Ohio increased its stake in shares of Liquidity Services by 18.2% in the first quarter. Strs Ohio now owns 77,800 shares of the business services provider’s stock worth $622,000 after buying an additional 12,000 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Liquidity Services by 11.8% in the first quarter. Russell Investments Group Ltd. now owns 130,557 shares of the business services provider’s stock worth $1,043,000 after buying an additional 13,731 shares during the last quarter. Thompson Investment Management Inc. increased its stake in shares of Liquidity Services by 10.6% in the first quarter. Thompson Investment Management Inc. now owns 61,790 shares of the business services provider’s stock worth $494,000 after buying an additional 5,920 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Liquidity Services by 0.4% in the first quarter. Bank of New York Mellon Corp now owns 262,996 shares of the business services provider’s stock worth $2,104,000 after buying an additional 945 shares during the last quarter. Finally, Comerica Bank increased its stake in shares of Liquidity Services by 6.1% in the first quarter. Comerica Bank now owns 26,936 shares of the business services provider’s stock worth $213,000 after buying an additional 1,544 shares during the last quarter. 67.63% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Liquidity Services, Inc. (LQDT) traded down 0.88% during mid-day trading on Wednesday, hitting $5.65. 38,382 shares of the stock were exchanged. The stock’s market cap is $177.99 million. The stock’s 50 day moving average is $6.29 and its 200-day moving average is $7.11. Liquidity Services, Inc. has a 12 month low of $5.62 and a 12 month high of $11.49.

Liquidity Services (NASDAQ:LQDT) last released its quarterly earnings results on Thursday, August 3rd. The business services provider reported ($0.22) EPS for the quarter, topping the consensus estimate of ($0.25) by $0.03. The company had revenue of $65.50 million for the quarter, compared to analyst estimates of $79.56 million. Liquidity Services had a negative return on equity of 16.59% and a negative net margin of 27.52%. The firm’s revenue was down 23.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 earnings per share. On average, analysts anticipate that Liquidity Services, Inc. will post ($0.91) EPS for the current year.

COPYRIGHT VIOLATION WARNING: “Liquidity Services, Inc. (LQDT) Position Boosted by Morgan Stanley” was posted by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another site, it was stolen and reposted in violation of US and international copyright and trademark legislation. The legal version of this article can be read at https://www.watchlistnews.com/liquidity-services-inc-lqdt-position-boosted-by-morgan-stanley/1532218.html.

A number of analysts have recently issued reports on LQDT shares. Zacks Investment Research downgraded shares of Liquidity Services from a “hold” rating to a “sell” rating in a report on Thursday, May 11th. ValuEngine raised shares of Liquidity Services from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. Finally, Robert W. Baird reaffirmed a “neutral” rating on shares of Liquidity Services in a report on Monday, July 3rd.

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.

Institutional Ownership by Quarter for Liquidity Services (NASDAQ:LQDT)

Receive News & Ratings for Liquidity Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liquidity Services Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.