Bank of New York Mellon Corp lessened its stake in Lumber Liquidators Holdings Inc (NYSE:LL) by 9.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 317,799 shares of the specialty retailer’s stock after selling 31,320 shares during the period. Bank of New York Mellon Corp owned about 1.11% of Lumber Liquidators worth $4,923,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE grew its position in shares of Lumber Liquidators by 239.5% in the 2nd quarter. Bank of America Corp DE now owns 59,958 shares of the specialty retailer’s stock valued at $1,460,000 after buying an additional 42,297 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Lumber Liquidators by 299.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 410,079 shares of the specialty retailer’s stock valued at $6,352,000 after purchasing an additional 307,397 shares during the period. Northern Trust Corp lifted its stake in shares of Lumber Liquidators by 2.9% in the 2nd quarter. Northern Trust Corp now owns 372,589 shares of the specialty retailer’s stock valued at $9,072,000 after purchasing an additional 10,553 shares during the period. Thompson Investment Management Inc. lifted its stake in shares of Lumber Liquidators by 23.2% in the 3rd quarter. Thompson Investment Management Inc. now owns 278,546 shares of the specialty retailer’s stock valued at $4,315,000 after purchasing an additional 52,404 shares during the period. Finally, Engineers Gate Manager LP acquired a new position in shares of Lumber Liquidators in the 3rd quarter valued at about $344,000. Hedge funds and other institutional investors own 76.90% of the company’s stock.
LL stock opened at $11.17 on Thursday. Lumber Liquidators Holdings Inc has a fifty-two week low of $9.13 and a fifty-two week high of $26.92. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.18 and a current ratio of 1.89. The company has a market cap of $313.96 million, a P/E ratio of -8.40, a PEG ratio of 0.89 and a beta of 1.84.
A number of research analysts have recently issued reports on the company. SunTrust Banks dropped their price objective on Lumber Liquidators to $13.00 and set a “hold” rating on the stock in a research note on Thursday, November 1st. ValuEngine raised Lumber Liquidators from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 13th. Zacks Investment Research raised Lumber Liquidators from a “sell” rating to a “hold” rating in a research note on Thursday, November 1st. Loop Capital set a $24.00 price objective on Lumber Liquidators and gave the company a “buy” rating in a research note on Tuesday, October 30th. Finally, Morgan Stanley set a $10.00 price objective on Lumber Liquidators and gave the company a “hold” rating in a research note on Wednesday, October 31st. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $14.70.
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Lumber Liquidators Profile
Lumber Liquidators Holdings, Inc, together with its subsidiaries, operates as a multi-channel specialty retailer of hardwood flooring, and hardwood flooring enhancements and accessories. The company offers hardwood species, engineered hardwood, laminates, resilient vinyl flooring, and wood-look ceramic; renewable flooring, and bamboo and cork products; and a selection of flooring enhancements and accessories, including moldings, noise-reducing underlay, adhesives, and flooring tools under the Bellawood and Morning Star Bamboo brands.
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