Public Employees Retirement System of Ohio Has $104,000 Stake in Liquidity Services, Inc. (LQDT)

Public Employees Retirement System of Ohio boosted its position in Liquidity Services, Inc. (NASDAQ:LQDT) by 16.2% during the first quarter, Holdings Channel reports. The institutional investor owned 13,017 shares of the business services provider’s stock after buying an additional 1,816 shares during the period. Public Employees Retirement System of Ohio’s holdings in Liquidity Services were worth $104,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Arizona State Retirement System raised its stake in 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 worth $102,000 after buying an additional 200 shares in the last quarter. Thrivent Financial For Lutherans raised its stake in 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 worth $110,000 after buying an additional 680 shares in the last quarter. Citadel Advisors LLC raised its stake in Liquidity Services by 57.3% in the first quarter. Citadel Advisors LLC now owns 17,141 shares of the business services provider’s stock worth $137,000 after buying an additional 6,241 shares in the last quarter. State of Tennessee Treasury Department raised its stake in 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 worth $188,000 after buying an additional 3,550 shares in the last quarter. Finally, Sei Investments Co. raised its stake in Liquidity Services by 414.1% in the first quarter. Sei Investments Co. now owns 24,328 shares of the business services provider’s stock worth $195,000 after buying an additional 19,596 shares in the last quarter. Institutional investors own 66.27% of the company’s stock.

Shares of Liquidity Services, Inc. (NASDAQ LQDT) traded down 1.69% during mid-day trading on Friday, reaching $5.80. 23,124 shares of the company’s stock traded hands. Liquidity Services, Inc. has a 12-month low of $5.75 and a 12-month high of $11.49. The stock has a 50-day moving average price of $6.37 and a 200 day moving average price of $7.27. The firm’s market capitalization is $182.72 million.

Liquidity Services (NASDAQ:LQDT) last released its quarterly earnings data on Thursday, August 3rd. The business services provider reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.03. The company had revenue of $65.50 million during 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 firm’s quarterly revenue was down 23.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.07 EPS. Analysts anticipate that Liquidity Services, Inc. will post ($0.91) EPS for the current fiscal year.

A number of analysts have recently weighed in on LQDT shares. Zacks Investment Research upgraded shares of Liquidity Services from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Robert W. Baird restated a “neutral” rating on shares of Liquidity Services in a report on Monday, July 3rd. Finally, ValuEngine upgraded shares of Liquidity Services from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd.

About Liquidity Services

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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