Pacer Advisors Inc. Cuts Stake in Liquidity Services, Inc. (NASDAQ:LQDT)

Pacer Advisors Inc. trimmed its stake in Liquidity Services, Inc. (NASDAQ:LQDT) by 34.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 577,650 shares of the business services provider’s stock after selling 303,584 shares during the quarter. Pacer Advisors Inc. owned about 1.87% of Liquidity Services worth $18,652,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of LQDT. State Street Corp boosted its holdings in shares of Liquidity Services by 1.7% in the 3rd quarter. State Street Corp now owns 852,306 shares of the business services provider’s stock valued at $19,433,000 after purchasing an additional 13,947 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Liquidity Services by 0.5% in the third quarter. Geode Capital Management LLC now owns 515,584 shares of the business services provider’s stock valued at $11,757,000 after acquiring an additional 2,392 shares during the last quarter. Rice Hall James & Associates LLC grew its position in Liquidity Services by 1.3% during the third quarter. Rice Hall James & Associates LLC now owns 367,302 shares of the business services provider’s stock valued at $8,374,000 after acquiring an additional 4,838 shares during the period. Assenagon Asset Management S.A. increased its stake in Liquidity Services by 4.9% during the third quarter. Assenagon Asset Management S.A. now owns 237,725 shares of the business services provider’s stock worth $5,420,000 after acquiring an additional 11,022 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Liquidity Services by 3.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 202,276 shares of the business services provider’s stock worth $4,612,000 after acquiring an additional 6,341 shares during the last quarter. Institutional investors and hedge funds own 71.15% of the company’s stock.

Liquidity Services Stock Performance

Liquidity Services stock opened at $37.61 on Wednesday. Liquidity Services, Inc. has a one year low of $13.99 and a one year high of $37.70. The stock’s 50 day moving average price is $30.95 and its 200 day moving average price is $25.31. The firm has a market capitalization of $1.16 billion, a PE ratio of 59.70 and a beta of 1.37.

Liquidity Services (NASDAQ:LQDT) last announced its earnings results on Thursday, December 12th. The business services provider reported $0.32 earnings per share for the quarter. Liquidity Services had a net margin of 5.50% and a return on equity of 18.99%. During the same period in the prior year, the firm earned $0.26 earnings per share.

Insider Activity

In other Liquidity Services news, CFO Jorge Celaya sold 16,540 shares of Liquidity Services stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $34.10, for a total transaction of $564,014.00. Following the sale, the chief financial officer now directly owns 33,608 shares in the company, valued at $1,146,032.80. The trade was a 32.98 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Edward Kolodzieski sold 2,000 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $31.90, for a total value of $63,800.00. Following the transaction, the director now owns 17,229 shares of the company’s stock, valued at approximately $549,605.10. This trade represents a 10.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 101,668 shares of company stock worth $3,331,558 over the last ninety days. Corporate insiders own 29.77% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on LQDT. Barrington Research reiterated an “outperform” rating and set a $27.00 target price on shares of Liquidity Services in a report on Tuesday, December 10th. Craig Hallum boosted 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, December 13th. Finally, StockNews.com raised shares of Liquidity Services from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 21st.

Liquidity Services 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.