Citadel Advisors LLC Purchases 6,241 Shares of Liquidity Services, Inc. (LQDT)
Citadel Advisors LLC raised its position in Liquidity Services, Inc. (NASDAQ:LQDT) by 57.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,141 shares of the business services provider’s stock after buying an additional 6,241 shares during the period. Citadel Advisors LLC owned approximately 0.05% of Liquidity Services worth $137,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the company. Arizona State Retirement System raised its stake in Liquidity Services by 1.6% in the first quarter. Arizona State Retirement System now owns 12,737 shares of the business services provider’s stock worth $102,000 after buying an additional 200 shares during the last quarter. Thrivent Financial For Lutherans raised its stake in Liquidity Services by 5.2% in the first quarter. Thrivent Financial For Lutherans now owns 13,770 shares of the business services provider’s stock worth $110,000 after buying an additional 680 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in Liquidity Services by 7.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 13,090 shares of the business services provider’s stock worth $128,000 after buying an additional 920 shares during the last quarter. State of Tennessee Treasury Department raised its stake in Liquidity Services by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 23,521 shares of the business services provider’s stock worth $188,000 after buying an additional 3,550 shares during the last quarter. Finally, A.R.T. Advisors LLC raised its stake in Liquidity Services by 62.3% in the fourth quarter. A.R.T. Advisors LLC now owns 19,475 shares of the business services provider’s stock worth $189,000 after buying an additional 7,475 shares during the last quarter. Hedge funds and other institutional investors own 66.50% of the company’s stock.
Shares of Liquidity Services, Inc. (NASDAQ:LQDT) traded down 2.24% during mid-day trading on Thursday, reaching $6.55. 235,426 shares of the company were exchanged. Liquidity Services, Inc. has a 12 month low of $6.05 and a 12 month high of $11.49. The stock has a 50 day moving average price of $6.47 and a 200-day moving average price of $7.52. The stock’s market capitalization is $206.23 million.
Liquidity Services (NASDAQ:LQDT) last announced its quarterly earnings data on Thursday, August 3rd. The business services provider reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.03. The company had revenue of $65.50 million for the quarter, compared to analysts’ expectations of $79.56 million. Liquidity Services had a negative net margin of 22.99% and a negative return on equity of 10.82%. Liquidity Services’s revenue was down 23.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.07 EPS. Analysts predict that Liquidity Services, Inc. will post ($0.81) earnings per share for the current year.
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A number of analysts have recently weighed in on LQDT shares. Zacks Investment Research upgraded shares of Liquidity Services from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Robert W. Baird reissued a “neutral” rating on shares of Liquidity Services in a report on Monday, July 3rd. Finally, ValuEngine raised shares of Liquidity Services from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd.
About Liquidity Services
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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