HighTower Advisors LLC Has $287,000 Stake in Liquidity Services, Inc. (NASDAQ:LQDT)

HighTower Advisors LLC reduced its stake in Liquidity Services, Inc. (NASDAQ:LQDT) by 3.6% during the 4th quarter, HoldingsChannel reports. The firm owned 8,893 shares of the business services provider’s stock after selling 329 shares during the quarter. HighTower Advisors LLC’s holdings in Liquidity Services were worth $287,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Arizona State Retirement System acquired a new stake in Liquidity Services in the fourth quarter worth $214,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Liquidity Services by 1.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 205,353 shares of the business services provider’s stock worth $6,631,000 after acquiring an additional 3,077 shares during the period. Access Investment Management LLC boosted its position in shares of Liquidity Services by 0.4% in the fourth quarter. Access Investment Management LLC now owns 82,830 shares of the business services provider’s stock valued at $2,675,000 after acquiring an additional 345 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Liquidity Services by 3.0% during the fourth quarter. Principal Financial Group Inc. now owns 108,687 shares of the business services provider’s stock worth $3,510,000 after purchasing an additional 3,181 shares during the period. Finally, Nkcfo LLC bought a new stake in shares of Liquidity Services during the 4th quarter valued at $856,000. Institutional investors and hedge funds own 71.15% of the company’s stock.

Insiders Place Their Bets

In other news, EVP John Daunt sold 2,767 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $33.42, for a total value of $92,473.14. Following the sale, the executive vice president now directly owns 43,309 shares of the company’s stock, valued at $1,447,386.78. The trade was a 6.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jaime Mateus-Tique sold 35,000 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $31.93, for a total value of $1,117,550.00. Following the completion of the sale, the director now directly owns 298,262 shares in the company, valued at approximately $9,523,505.66. This represents a 10.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 103,658 shares of company stock worth $3,496,358 over the last three months. Company insiders own 28.40% of the company’s stock.

Wall Street Analysts Forecast Growth

LQDT has been the topic of several recent research reports. Barrington Research reissued an “outperform” rating and set a $40.00 price objective on shares of Liquidity Services in a report on Wednesday, March 19th. Craig Hallum upped their price objective on shares of Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a report on Friday, December 13th. Finally, StockNews.com lowered shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th.

Liquidity Services Trading Up 0.3 %

Shares of NASDAQ LQDT opened at $31.66 on Thursday. The business has a 50-day moving average of $33.04 and a 200-day moving average of $28.84. The firm has a market capitalization of $982.69 million, a price-to-earnings ratio of 42.21 and a beta of 1.26. Liquidity Services, Inc. has a 12 month low of $16.79 and a 12 month high of $39.72.

Liquidity Services (NASDAQ:LQDT) last announced its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.06. Liquidity Services had a net margin of 6.37% and a return on equity of 20.94%.

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.