First Mercantile Trust Co. reduced its position in Lumber Liquidators Holdings Inc (NYSE:LL) by 68.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,382 shares of the specialty retailer’s stock after selling 9,654 shares during the period. First Mercantile Trust Co.’s holdings in Lumber Liquidators were worth $138,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of the business. SG Americas Securities LLC acquired a new position in shares of Lumber Liquidators during the 3rd quarter valued at about $161,000. Crossmark Global Holdings Inc. acquired a new position in shares of Lumber Liquidators during the 3rd quarter valued at about $218,000. Piedmont Investment Advisors LLC acquired a new position in shares of Lumber Liquidators during the 3rd quarter valued at about $241,000. Chicago Equity Partners LLC acquired a new position in shares of Lumber Liquidators during the 3rd quarter valued at about $381,000. Finally, Verition Fund Management LLC acquired a new position in shares of Lumber Liquidators during the 2nd quarter valued at about $251,000. 78.37% of the stock is currently owned by institutional investors.
A number of research analysts have recently commented on the company. Zacks Investment Research lowered Lumber Liquidators from a “buy” rating to a “hold” rating in a report on Thursday. Wedbush lowered Lumber Liquidators from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $39.00 to $28.00 in a report on Monday. Piper Jaffray Companies set a $32.00 target price on Lumber Liquidators and gave the company a “hold” rating in a report on Wednesday, October 25th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $33.00 target price on shares of Lumber Liquidators in a report on Wednesday, November 1st. Finally, Oppenheimer reaffirmed a “buy” rating on shares of Lumber Liquidators in a report on Wednesday, October 25th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $29.67.
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Lumber Liquidators Company Profile
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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