Universal Beteiligungs und Servicegesellschaft mbH reduced its stake in Liquidity Services, Inc. (NASDAQ:LQDT – Free Report) by 41.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,299 shares of the business services provider’s stock after selling 6,626 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Liquidity Services were worth $219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. Truist Financial Corp purchased a new stake in shares of Liquidity Services during the 2nd quarter valued at $34,179,000. Invesco Ltd. raised its position in Liquidity Services by 243.1% during the first quarter. Invesco Ltd. now owns 405,489 shares of the business services provider’s stock valued at $12,574,000 after purchasing an additional 287,301 shares in the last quarter. CenterBook Partners LP bought a new stake in Liquidity Services during the first quarter worth about $8,682,000. Acadian Asset Management LLC lifted its stake in Liquidity Services by 39.6% during the first quarter. Acadian Asset Management LLC now owns 908,562 shares of the business services provider’s stock worth $28,157,000 after purchasing an additional 257,948 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position in Liquidity Services by 337,736.2% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 195,945 shares of the business services provider’s stock worth $4,622,000 after buying an additional 195,887 shares during the last quarter. Hedge funds and other institutional investors own 71.15% of the company’s stock.
Liquidity Services Stock Down 3.6%
Shares of Liquidity Services stock opened at $29.11 on Friday. The company’s fifty day simple moving average is $25.19 and its two-hundred day simple moving average is $25.02. Liquidity Services, Inc. has a 12-month low of $21.67 and a 12-month high of $39.72. The firm has a market cap of $891.93 million, a PE ratio of 35.07 and a beta of 1.13.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on LQDT. Wall Street Zen lowered shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 9th. Weiss Ratings restated a “hold (c)” rating on shares of Liquidity Services in a research report on Wednesday, October 8th. Barrington Research reaffirmed an “outperform” rating and set a $40.00 price objective on shares of Liquidity Services in a research note on Monday, November 24th. Finally, Zacks Research upgraded Liquidity Services to a “hold” rating in a report on Wednesday. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.50.
View Our Latest Analysis on Liquidity Services
Insider Activity at Liquidity Services
In related news, Director Jaime Mateus-Tique sold 5,403 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $27.45, for a total transaction of $148,312.35. Following the completion of the transaction, the director owned 164,562 shares in the company, valued at $4,517,226.90. This represents a 3.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 28.40% of the stock is currently owned by corporate 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.
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