Quantitative Investment Management LLC boosted its stake in shares of Lumber Liquidators Holdings Inc. (NYSE:LL) by 8.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,700 shares of the company’s stock after buying an additional 4,400 shares during the period. Quantitative Investment Management LLC owned about 0.21% of Lumber Liquidators Holdings worth $1,134,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Lumber Liquidators Holdings by 11.2% in the second quarter. Vanguard Group Inc. now owns 2,018,801 shares of the company’s stock worth $31,130,000 after buying an additional 203,668 shares during the last quarter. Gagnon Securities LLC increased its stake in Lumber Liquidators Holdings by 13.0% in the second quarter. Gagnon Securities LLC now owns 633,631 shares of the company’s stock worth $9,771,000 after buying an additional 73,035 shares during the last quarter. Emerald Acquisition Ltd. bought a new stake in Lumber Liquidators Holdings during the second quarter worth $6,941,000. Selz Capital LLC increased its stake in Lumber Liquidators Holdings by 29.8% in the second quarter. Selz Capital LLC now owns 436,000 shares of the company’s stock worth $6,723,000 after buying an additional 100,000 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC increased its stake in Lumber Liquidators Holdings by 881.2% in the third quarter. Gilder Gagnon Howe & Co. LLC now owns 401,232 shares of the company’s stock worth $7,892,000 after buying an additional 360,341 shares during the last quarter. Institutional investors and hedge funds own 73.19% of the company’s stock.
Shares of Lumber Liquidators Holdings Inc. (NYSE:LL) traded up 0.17% during trading on Friday, reaching $18.00. The company’s stock had a trading volume of 261,462 shares. The stock’s market cap is $490.45 million. The stock’s 50-day moving average is $17.42 and its 200-day moving average is $15.96. Lumber Liquidators Holdings Inc. has a 12-month low of $10.01 and a 12-month high of $20.10.
Lumber Liquidators Holdings (NYSE:LL) last released its earnings results on Monday, October 31st. The company reported ($0.68) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.21) by $0.47. Lumber Liquidators Holdings had a negative return on equity of 33.87% and a negative net margin of 8.72%. The firm earned $244.10 million during the quarter, compared to analysts’ expectations of $231.57 million. During the same period in the prior year, the business earned ($0.31) earnings per share. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. Equities research analysts anticipate that Lumber Liquidators Holdings Inc. will post ($2.61) earnings per share for the current fiscal year.
A number of analysts have recently weighed in on the company. Jefferies Group reiterated a “positive” rating and set a $14.50 target price (up from $13.60) on shares of Lumber Liquidators Holdings in a research report on Tuesday, November 1st. Wedbush boosted their price target on Lumber Liquidators Holdings from $13.00 to $15.00 and gave the stock a “neutral” rating in a report on Thursday, July 28th. SunTrust Banks Inc. reissued a “neutral” rating and set a $10.00 price target on shares of Lumber Liquidators Holdings in a report on Sunday, July 31st. Zacks Investment Research cut Lumber Liquidators Holdings from a “hold” rating to a “sell” rating in a report on Friday, July 29th. Finally, Raymond James Financial Inc. reissued a “market perform” rating on shares of Lumber Liquidators Holdings in a report on Wednesday, November 2nd. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. Lumber Liquidators Holdings has a consensus rating of “Hold” and an average price target of $12.20.
Lumber Liquidators Holdings Company Profile
Lumber Liquidators Holdings, Inc (Lumber Liquidators) is a multi-channel specialty retailer of hardwood flooring, and hardwood flooring enhancements and accessories. The Company offers an assortment of exotic and domestic hardwood species, engineered hardwood, laminate and resilient vinyl flooring direct to the consumer.