UBS Asset Management Americas Inc. grew its stake in shares of Lumber Liquidators Holdings Inc (NYSE:LL) by 97.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 29,862 shares of the specialty retailer’s stock after acquiring an additional 14,763 shares during the period. UBS Asset Management Americas Inc.’s holdings in Lumber Liquidators were worth $345,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Marshall Wace LLP acquired a new stake in Lumber Liquidators during the 2nd quarter valued at $1,910,000. KBC Group NV raised its stake in Lumber Liquidators by 9.8% during the 2nd quarter. KBC Group NV now owns 50,613 shares of the specialty retailer’s stock valued at $585,000 after purchasing an additional 4,535 shares during the period. AE Wealth Management LLC acquired a new stake in Lumber Liquidators during the 2nd quarter valued at $481,000. Marshall Wace North America L.P. acquired a new stake in Lumber Liquidators during the 1st quarter valued at $216,000. Finally, Advisory Services Network LLC acquired a new stake in Lumber Liquidators during the 2nd quarter valued at $82,000. Institutional investors own 83.43% of the company’s stock.

Shares of NYSE LL traded down $0.03 during mid-day trading on Friday, reaching $9.55. The company had a trading volume of 369,070 shares, compared to its average volume of 951,716. Lumber Liquidators Holdings Inc has a twelve month low of $6.59 and a twelve month high of $14.44. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.22 and a current ratio of 1.47. The stock has a market capitalization of $274.96 million, a PE ratio of 16.75, a price-to-earnings-growth ratio of 0.86 and a beta of 1.97. The stock’s 50 day moving average is $9.77 and its 200-day moving average is $10.42.

Lumber Liquidators (NYSE:LL) last posted its quarterly earnings results on Wednesday, August 7th. The specialty retailer reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.01). Lumber Liquidators had a positive return on equity of 6.17% and a negative net margin of 5.37%. The company had revenue of $288.57 million during the quarter, compared to analyst estimates of $291.81 million. During the same period last year, the company posted $0.09 earnings per share. The company’s revenue was up 1.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Lumber Liquidators Holdings Inc will post 0.37 EPS for the current year.

Several analysts have issued reports on the stock. Raymond James boosted their target price on shares of Lumber Liquidators from $10.00 to $14.00 and gave the company an “outperform” rating in a research note on Friday, September 13th. ValuEngine raised shares of Lumber Liquidators from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research raised shares of Lumber Liquidators from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Evercore ISI reaffirmed a “hold” rating on shares of Lumber Liquidators in a research note on Wednesday, August 7th. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Lumber Liquidators currently has an average rating of “Hold” and an average target price of $11.38.

In other Lumber Liquidators news, insider Michael L. Reeves bought 14,900 shares of the stock in a transaction on Monday, August 19th. The shares were purchased at an average cost of $8.32 per share, with a total value of $123,968.00. Following the completion of the transaction, the insider now directly owns 44,631 shares of the company’s stock, valued at approximately $371,329.92. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Dennis R. Knowles bought 14,000 shares of the stock in a transaction on Thursday, August 8th. The shares were acquired at an average cost of $8.04 per share, for a total transaction of $112,560.00. Following the completion of the transaction, the chief executive officer now directly owns 102,241 shares of the company’s stock, valued at $822,017.64. The disclosure for this purchase can be found here. Corporate insiders own 2.10% of the company’s stock.

Lumber Liquidators Company Profile

Lumber Liquidators Holdings, Inc, together with its subsidiaries, operates as a multi-channel specialty retailer of hard-surface flooring, and hard-surface flooring enhancements and accessories. The company offers hardwood species, engineered hardwood, laminates, resilient vinyl flooring, waterproof vinyl plank, and porcelain tile; renewable flooring, and bamboo and cork products; and a selection of flooring enhancements and accessories, including moldings, noise-reducing underlay, adhesives, and flooring tools under the Bellawood brand.

See Also: Initial Coin Offering (ICO)

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

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