HighTower Advisors LLC Sells 11,266 Shares of Liquidity Services, Inc. (NASDAQ:LQDT)

HighTower Advisors LLC reduced its position in Liquidity Services, Inc. (NASDAQ:LQDT) by 55.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 9,222 shares of the business services provider’s stock after selling 11,266 shares during the period. HighTower Advisors LLC’s holdings in Liquidity Services were worth $219,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in LQDT. nVerses Capital LLC acquired a new stake in shares of Liquidity Services in the third quarter valued at approximately $48,000. GAMMA Investing LLC increased its position in shares of Liquidity Services by 29.9% in the third quarter. GAMMA Investing LLC now owns 4,362 shares of the business services provider’s stock worth $99,000 after purchasing an additional 1,005 shares during the period. Ashton Thomas Private Wealth LLC bought a new position in shares of Liquidity Services in the second quarter worth $87,000. Centiva Capital LP bought a new stake in Liquidity Services during the third quarter worth about $260,000. Finally, SG Americas Securities LLC acquired a new stake in Liquidity Services during the third quarter worth about $298,000. 71.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on LQDT shares. Barrington Research restated an “outperform” rating and set a $27.00 target price on shares of Liquidity Services in a research note on Tuesday, December 10th. Craig Hallum upped their price objective on Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Finally, StockNews.com raised Liquidity Services from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 21st.

Liquidity Services Stock Up 1.7 %

Shares of LQDT stock opened at $31.72 on Thursday. Liquidity Services, Inc. has a twelve month low of $13.99 and a twelve month high of $36.00. The stock’s fifty day simple moving average is $25.67 and its 200 day simple moving average is $22.83. The firm has a market capitalization of $975.10 million, a P/E ratio of 50.35 and a beta of 1.42.

Insider Buying and Selling

In related news, Director Jaime Mateus-Tique sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $33.22, for a total transaction of $1,661,000.00. Following the completion of the sale, the director now owns 103,660 shares of the company’s stock, valued at $3,443,585.20. This trade represents a 32.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Edward Kolodzieski sold 26,000 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $31.29, for a total transaction of $813,540.00. Following the transaction, the director now owns 19,229 shares in the company, valued at $601,675.41. This represents a 57.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 99,668 shares of company stock valued at $3,265,758 in the last three months. Insiders own 29.77% of the company’s stock.

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.