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Russell Investments Group Ltd. Purchases 142,281 Shares of Liquidity Services, Inc. (NASDAQ:LQDT)

Russell Investments Group Ltd. grew its position in Liquidity Services, Inc. (NASDAQ:LQDT) by 24.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 732,889 shares of the business services provider’s stock after buying an additional 142,281 shares during the quarter. Russell Investments Group Ltd. owned 2.18% of Liquidity Services worth $5,423,000 as of its most recent filing with the Securities and Exchange Commission.

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Several other hedge funds and other institutional investors have also recently modified their holdings of LQDT. 6 Meridian lifted its holdings in Liquidity Services by 4.7% during the 2nd quarter. 6 Meridian now owns 57,691 shares of the business services provider’s stock worth $351,000 after buying an additional 2,591 shares during the last quarter. Strs Ohio increased its position in Liquidity Services by 7.5% during the 2nd quarter. Strs Ohio now owns 89,200 shares of the business services provider’s stock worth $543,000 after purchasing an additional 6,200 shares during the period. Wells Fargo & Company MN increased its position in Liquidity Services by 3.1% during the 2nd quarter. Wells Fargo & Company MN now owns 50,863 shares of the business services provider’s stock worth $310,000 after purchasing an additional 1,528 shares during the period. JPMorgan Chase & Co. increased its position in Liquidity Services by 18.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 9,369 shares of the business services provider’s stock worth $56,000 after purchasing an additional 1,457 shares during the period. Finally, Renaissance Technologies LLC increased its position in Liquidity Services by 1.8% during the 2nd quarter. Renaissance Technologies LLC now owns 2,344,854 shares of the business services provider’s stock worth $14,280,000 after purchasing an additional 42,515 shares during the period. 68.00% of the stock is owned by institutional investors and hedge funds.

Several research firms have issued reports on LQDT. Barrington Research reiterated a “buy” rating and set a $10.00 target price on shares of Liquidity Services in a research report on Thursday, August 1st. ValuEngine lowered Liquidity Services from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Zacks Investment Research lowered Liquidity Services from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, BidaskClub lowered Liquidity Services from a “buy” rating to a “hold” rating in a research note on Saturday, September 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. Liquidity Services presently has a consensus rating of “Hold” and an average price target of $8.63.

LQDT stock opened at $6.38 on Monday. Liquidity Services, Inc. has a 1 year low of $5.49 and a 1 year high of $9.16. The firm has a market cap of $210.32 million, a P/E ratio of -12.76 and a beta of 1.03. The stock’s 50 day moving average price is $6.56 and its 200 day moving average price is $6.60.

About Liquidity Services

Liquidity Services, Inc provides e-commerce marketplace that enable buyers and sellers to transact in an automated environment offering approximately 500 product categories. The company's marketplaces include liquidation.com that enable corporations to sell surplus and salvage consumer goods and capital assets; govdeals.com that enables local and state government entities, including city, county, and state agencies to sell surplus and salvage assets, as well as offers a suite of services that includes asset sales and marketing, and seller self-service; and auctiondeals.com, a self-service solution, which enable sellers list their own assets, and enable commercial businesses to sell surplus and salvage assets.

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

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