Tiverton Asset Management LLC reduced its stake in shares of Liquidity Services, Inc. (NASDAQ:LQDT) by 25.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 205,224 shares of the business services provider’s stock after selling 68,376 shares during the quarter. Tiverton Asset Management LLC owned 0.65% of Liquidity Services worth $1,303,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Arizona State Retirement System grew its position in shares of Liquidity Services by 1.6% in the first quarter. Arizona State Retirement System now owns 12,737 shares of the business services provider’s stock valued at $102,000 after purchasing an additional 200 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Liquidity Services by 16.2% in the first quarter. Public Employees Retirement System of Ohio now owns 13,017 shares of the business services provider’s stock valued at $104,000 after purchasing an additional 1,816 shares during the last quarter. Thrivent Financial For Lutherans grew its position in shares of Liquidity Services by 5.2% in the first quarter. Thrivent Financial For Lutherans now owns 13,770 shares of the business services provider’s stock valued at $110,000 after purchasing an additional 680 shares during the last quarter. Citadel Advisors LLC grew its position in shares of Liquidity Services by 57.3% in the first quarter. Citadel Advisors LLC now owns 17,141 shares of the business services provider’s stock valued at $137,000 after purchasing an additional 6,241 shares during the last quarter. Finally, Texas Permanent School Fund grew its position in shares of Liquidity Services by 1.2% in the second quarter. Texas Permanent School Fund now owns 17,931 shares of the business services provider’s stock valued at $114,000 after purchasing an additional 204 shares during the last quarter. Institutional investors own 67.63% of the company’s stock.

Shares of Liquidity Services, Inc. (LQDT) opened at 5.90 on Friday. The stock has a 50 day moving average of $5.99 and a 200 day moving average of $6.82. Liquidity Services, Inc. has a 52-week low of $5.50 and a 52-week high of $11.49. The firm’s market capitalization is $185.87 million.

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

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Several analysts have recently commented on the stock. Robert W. Baird reiterated a “neutral” rating on shares of Liquidity Services in a research report on Monday, July 3rd. Zacks Investment Research lowered shares of Liquidity Services from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Finally, ValuEngine upgraded shares of Liquidity Services from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd.

Liquidity Services 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.

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

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