Liquidity Services, Inc. (NASDAQ:LQDT) Position Lifted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its holdings in Liquidity Services, Inc. (NASDAQ:LQDT) by 3.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 202,276 shares of the business services provider’s stock after buying an additional 6,341 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Liquidity Services were worth $4,612,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of LQDT. Access Investment Management LLC lifted its position in shares of Liquidity Services by 81.7% in the 2nd quarter. Access Investment Management LLC now owns 82,335 shares of the business services provider’s stock worth $1,645,000 after buying an additional 37,010 shares during the last quarter. Panagora Asset Management Inc. increased its stake in Liquidity Services by 14.6% during the 2nd quarter. Panagora Asset Management Inc. now owns 122,404 shares of the business services provider’s stock valued at $2,446,000 after buying an additional 15,592 shares during the period. Victory Capital Management Inc. increased its stake in Liquidity Services by 6.9% during the 2nd quarter. Victory Capital Management Inc. now owns 57,606 shares of the business services provider’s stock valued at $1,151,000 after buying an additional 3,700 shares during the period. Acadian Asset Management LLC increased its stake in Liquidity Services by 15.7% during the 2nd quarter. Acadian Asset Management LLC now owns 503,600 shares of the business services provider’s stock valued at $10,060,000 after buying an additional 68,407 shares during the period. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Liquidity Services in the 2nd quarter worth approximately $87,000. 71.15% of the stock is currently owned by institutional investors.

Liquidity Services Stock Up 5.6 %

NASDAQ LQDT opened at $35.54 on Friday. The stock has a market capitalization of $1.09 billion, a PE ratio of 56.41 and a beta of 1.42. The company has a 50 day moving average price of $24.18 and a two-hundred day moving average price of $22.13. Liquidity Services, Inc. has a 12-month low of $13.99 and a 12-month high of $35.80.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LQDT. Craig Hallum lifted their price objective on shares of Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday. StockNews.com cut shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a report on Friday. Finally, Barrington Research reiterated an “outperform” rating and issued a $27.00 target price on shares of Liquidity Services in a report on Tuesday.

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.