American International Group Inc. decreased its stake in Liquidity Services, Inc. (NASDAQ:LQDT) by 15.6% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 15,357 shares of the business services provider’s stock after selling 2,830 shares during the period. American International Group Inc.’s holdings in Liquidity Services were worth $123,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. State of Tennessee Treasury Department boosted its stake in shares of Liquidity Services by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 23,521 shares of the business services provider’s stock valued at $188,000 after buying an additional 3,550 shares in the last quarter. Eagle Boston Investment Management Inc. boosted its stake in shares of Liquidity Services by 5.5% in the first quarter. Eagle Boston Investment Management Inc. now owns 257,285 shares of the business services provider’s stock valued at $2,058,000 after buying an additional 13,329 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Liquidity Services by 5.3% in the first quarter. Ameriprise Financial Inc. now owns 127,818 shares of the business services provider’s stock valued at $1,023,000 after buying an additional 6,408 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Liquidity Services by 414.1% in the first quarter. Sei Investments Co. now owns 24,328 shares of the business services provider’s stock valued at $195,000 after buying an additional 19,596 shares in the last quarter. Finally, Staley Capital Advisers Inc. boosted its stake in shares of Liquidity Services by 17.4% in the first quarter. Staley Capital Advisers Inc. now owns 2,425,000 shares of the business services provider’s stock valued at $19,400,000 after buying an additional 360,000 shares in the last quarter. 66.26% of the stock is currently owned by institutional investors and hedge funds.

Shares of Liquidity Services, Inc. (NASDAQ LQDT) opened at 6.10 on Wednesday. The stock’s market capitalization is $192.06 million. The company’s 50 day moving average is $6.45 and its 200-day moving average is $7.49. Liquidity Services, Inc. has a 1-year low of $6.00 and a 1-year high of $11.49.

Liquidity Services (NASDAQ:LQDT) last released its quarterly earnings results on Thursday, August 3rd. The business services provider reported ($0.22) EPS for the quarter, topping the consensus estimate of ($0.25) by $0.03. The firm had revenue of $65.50 million for the quarter, compared to analyst estimates of $79.56 million. Liquidity Services had a negative return on equity of 16.59% and a negative net margin of 27.52%. Liquidity Services’s revenue for the quarter was down 23.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.07 EPS. Equities analysts anticipate that Liquidity Services, Inc. will post ($0.91) earnings per share for the current fiscal year.

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Several analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Liquidity Services from a “hold” rating to a “sell” rating in a research report on Thursday, May 11th. ValuEngine upgraded shares of Liquidity Services from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, Robert W. Baird restated a “neutral” rating on shares of Liquidity Services in a research note on Monday, July 3rd.

Liquidity Services Company Profile

Liquidity Services, Inc operates a network of e-commerce marketplaces that enable buyers and sellers to transact in an automated environment. The Company employs e-commerce marketplace solutions to manage, value and sell inventory and equipment for business and government clients. The Company’s marketplaces provide professional buyers access to a global supply of new, surplus and scrap assets presented with digital images and other relevant product information.

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Institutional Ownership by Quarter for Liquidity Services (NASDAQ:LQDT)

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