Macquarie Group Ltd. raised its position in Lumber Liquidators Holdings Inc (NYSE:LL) by 31.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 42,454 shares of the specialty retailer’s stock after buying an additional 10,154 shares during the period. Macquarie Group Ltd. owned about 0.15% of Lumber Liquidators worth $1,333,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Millennium Management LLC bought a new position in Lumber Liquidators in the 4th quarter valued at $3,523,000. Paloma Partners Management Co boosted its position in Lumber Liquidators by 32.6% in the 4th quarter. Paloma Partners Management Co now owns 9,113 shares of the specialty retailer’s stock valued at $286,000 after buying an additional 2,242 shares during the last quarter. HBK Investments L P bought a new position in Lumber Liquidators in the 4th quarter valued at $369,000. MANA Advisors LLC bought a new position in Lumber Liquidators in the 4th quarter valued at $240,000. Finally, Leucadia National Corp bought a new position in shares of Lumber Liquidators in the 4th quarter worth $235,000. Hedge funds and other institutional investors own 78.50% of the company’s stock.
LL stock opened at $23.68 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.20 and a current ratio of 1.67. The stock has a market cap of $635.33, a price-to-earnings ratio of -17.80, a price-to-earnings-growth ratio of 1.20 and a beta of 1.74. Lumber Liquidators Holdings Inc has a 1-year low of $19.46 and a 1-year high of $41.33.
Several research firms have recently issued reports on LL. Loop Capital upgraded Lumber Liquidators from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Friday, March 16th. SunTrust Banks reduced their price target on Lumber Liquidators to $24.00 and set a “hold” rating on the stock in a research report on Thursday, March 1st. Credit Suisse Group reduced their price target on Lumber Liquidators from $26.00 to $20.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 28th. Jefferies Group restated a “hold” rating and issued a $24.00 price target on shares of Lumber Liquidators in a research report on Thursday, March 1st. Finally, Morgan Stanley reduced their price target on Lumber Liquidators from $35.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 28th. Ten equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $26.00.
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About Lumber Liquidators
Lumber Liquidators Holdings, Inc is a multi-channel specialty retailer of hardwood flooring, and hardwood flooring enhancements and accessories. The Company offers hardwood species, engineered hardwood, laminate and resilient vinyl flooring direct to the consumer. Its product categories include Solid and Engineered Hardwood; Laminate; Bamboo, Cork, Vinyl Plank and Other, Moldings and Accessories, and Non-Merchandise Services.
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