Liquidity Services, Inc. (NASDAQ:LQDT) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in shares of Liquidity Services, Inc. (NASDAQ:LQDT) by 8.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,969 shares of the business services provider’s stock after selling 5,351 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.19% of Liquidity Services worth $1,299,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Royce & Associates LP purchased a new stake in Liquidity Services during the 3rd quarter worth approximately $488,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Liquidity Services during the third quarter worth $1,311,000. Intech Investment Management LLC purchased a new stake in shares of Liquidity Services during the third quarter worth $518,000. Acadian Asset Management LLC raised its stake in shares of 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 acquiring an additional 68,407 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in Liquidity Services by 31.2% in the third quarter. BNP Paribas Financial Markets now owns 24,912 shares of the business services provider’s stock valued at $568,000 after purchasing an additional 5,929 shares during the period. Institutional investors and hedge funds own 71.15% of the company’s stock.

Liquidity Services Price Performance

NASDAQ:LQDT opened at $31.16 on Wednesday. Liquidity Services, Inc. has a 12 month low of $13.99 and a 12 month high of $36.00. The firm has a market capitalization of $957.89 million, a PE ratio of 49.46 and a beta of 1.42. The business’s fifty day moving average price is $24.60 and its 200 day moving average price is $22.35.

Wall Street Analyst Weigh In

LQDT has been the topic of several recent research reports. Craig Hallum upped their price target on Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, December 13th. StockNews.com lowered shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 13th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $27.00 target price on shares of Liquidity Services in a report on Tuesday, December 10th.

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.