Charles Schwab Investment Management Inc. Increases Position in Liquidity Services, Inc. (NASDAQ:LQDT)

Charles Schwab Investment Management Inc. grew its position in Liquidity Services, Inc. (NASDAQ:LQDT) by 3.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 202,276 shares of the business services provider’s stock after buying an additional 6,341 shares during the period. Charles Schwab Investment Management Inc. owned 0.66% of Liquidity Services worth $4,612,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Royce & Associates LP acquired a new position in shares of Liquidity Services in the 3rd quarter worth approximately $488,000. Allspring Global Investments Holdings LLC purchased a new stake in Liquidity Services in the third quarter valued at $1,311,000. Intech Investment Management LLC purchased a new stake in Liquidity Services in the third quarter valued at $518,000. Acadian Asset Management LLC increased its stake in Liquidity Services by 15.7% in the second quarter. Acadian Asset Management LLC now owns 503,600 shares of the business services provider’s stock valued at $10,060,000 after purchasing an additional 68,407 shares during the period. Finally, Pacer Advisors Inc. increased its stake in shares of Liquidity Services by 9.5% during the third quarter. Pacer Advisors Inc. now owns 881,234 shares of the business services provider’s stock worth $20,092,000 after acquiring an additional 76,794 shares during the period. Hedge funds and other institutional investors own 71.15% of the company’s stock.

Analyst Ratings Changes

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

Liquidity Services Stock Up 5.6 %

Liquidity Services stock opened at $35.54 on Friday. The firm has a fifty day moving average of $24.18 and a 200-day moving average of $22.13. The firm has a market capitalization of $1.09 billion, a P/E ratio of 56.41 and a beta of 1.42. Liquidity Services, Inc. has a 52-week low of $13.99 and a 52-week high of $35.80.

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.