Engineers Gate Manager LP acquired a new position in Lumber Liquidators Holdings, Inc (NYSE:LL) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 47,720 shares of the specialty retailer’s stock, valued at approximately $1,860,000. Engineers Gate Manager LP owned 0.17% of Lumber Liquidators as of its most recent SEC filing.
Several other large investors have also modified their holdings of the company. WINTON GROUP Ltd bought a new position in shares of Lumber Liquidators in the 3rd quarter worth approximately $2,317,000. Wells Fargo & Company MN raised its stake in Lumber Liquidators by 29.5% during the 3rd quarter. Wells Fargo & Company MN now owns 28,438 shares of the specialty retailer’s stock worth $1,109,000 after acquiring an additional 6,481 shares during the period. Systematic Financial Management LP bought a new stake in Lumber Liquidators during the 3rd quarter worth approximately $421,000. EAM Investors LLC raised its stake in Lumber Liquidators by 28.4% during the 3rd quarter. EAM Investors LLC now owns 156,189 shares of the specialty retailer’s stock worth $6,088,000 after acquiring an additional 34,585 shares during the period. Finally, Chartwell Investment Partners LLC raised its stake in Lumber Liquidators by 269.9% during the 3rd quarter. Chartwell Investment Partners LLC now owns 292,262 shares of the specialty retailer’s stock worth $11,392,000 after acquiring an additional 213,251 shares during the period. Hedge funds and other institutional investors own 79.29% of the company’s stock.
A number of equities research analysts have commented on LL shares. Oppenheimer set a $43.00 target price on shares of Lumber Liquidators and gave the stock a “buy” rating in a research note on Friday, August 18th. BidaskClub upgraded shares of Lumber Liquidators from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Piper Jaffray Companies restated a “hold” rating and set a $32.00 target price on shares of Lumber Liquidators in a research note on Friday, September 8th. Morgan Stanley lifted their price objective on shares of Lumber Liquidators from $32.00 to $35.00 and gave the company an “equal weight” rating in a research report on Monday, October 2nd. Finally, Wedbush lifted their price objective on shares of Lumber Liquidators from $35.00 to $39.00 and gave the company an “outperform” rating in a research report on Wednesday, October 11th. Eight 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 a consensus target price of $30.78.
Shares of Lumber Liquidators Holdings, Inc (NYSE:LL) opened at $30.30 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.21 and a current ratio of 1.84. Lumber Liquidators Holdings, Inc has a 1 year low of $14.99 and a 1 year high of $41.33.
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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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