Frontier Capital Management Co. LLC Lowers Holdings in Lumber Liquidators Holdings Inc (LL)

Frontier Capital Management Co. LLC lowered its holdings in shares of Lumber Liquidators Holdings Inc (NYSE:LL) by 19.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 367,977 shares of the specialty retailer’s stock after selling 89,360 shares during the quarter. Frontier Capital Management Co. LLC’s holdings in Lumber Liquidators were worth $5,700,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. First Mercantile Trust Co. bought a new position in Lumber Liquidators during the second quarter valued at $127,000. Macquarie Group Ltd. bought a new position in Lumber Liquidators during the second quarter valued at $127,000. NumerixS Investment Technologies Inc lifted its position in Lumber Liquidators by 530.0% during the second quarter. NumerixS Investment Technologies Inc now owns 6,300 shares of the specialty retailer’s stock valued at $156,000 after purchasing an additional 5,300 shares during the last quarter. Piedmont Investment Advisors LLC bought a new position in Lumber Liquidators during the second quarter valued at $162,000. Finally, Pinebridge Investments L.P. bought a new position in Lumber Liquidators during the second quarter valued at $177,000. Institutional investors and hedge funds own 76.22% of the company’s stock.

Several equities analysts have commented on the stock. SunTrust Banks lowered their price objective on shares of Lumber Liquidators to $13.00 and set a “hold” rating for the company in a research report on Thursday. Zacks Investment Research upgraded shares of Lumber Liquidators from a “sell” rating to a “hold” rating in a research report on Thursday. Credit Suisse Group lowered their price objective on shares of Lumber Liquidators from $17.00 to $13.00 and set a “hold” rating for the company in a research report on Wednesday, October 31st. Morgan Stanley set a $10.00 price objective on shares of Lumber Liquidators and gave the company a “hold” rating in a research report on Wednesday, October 31st. Finally, Wedbush lowered their price objective on shares of Lumber Liquidators from $22.00 to $12.00 and set a “neutral” rating for the company in a research report on Wednesday, October 31st. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the stock. Lumber Liquidators has a consensus rating of “Hold” and an average target price of $17.40.

Lumber Liquidators stock opened at $12.57 on Monday. The stock has a market capitalization of $359.75 million, a PE ratio of -9.45, a PEG ratio of 0.98 and a beta of 1.50. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.89 and a quick ratio of 0.16. Lumber Liquidators Holdings Inc has a 12-month low of $9.95 and a 12-month high of $32.63.

Lumber Liquidators (NYSE:LL) last released its earnings results on Tuesday, October 30th. The specialty retailer reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.09. The firm had revenue of $270.47 million during the quarter, compared to analyst estimates of $281.82 million. Lumber Liquidators had a net margin of 0.51% and a return on equity of 6.14%. The business’s revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the business earned $0.12 EPS. Research analysts forecast that Lumber Liquidators Holdings Inc will post 0.5 EPS for the current year.

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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Institutional Ownership by Quarter for Lumber Liquidators (NYSE:LL)

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