Cubist Systematic Strategies LLC Takes $220,000 Position in Lumber Liquidators Holdings Inc (LL)

Cubist Systematic Strategies LLC purchased a new stake in shares of Lumber Liquidators Holdings Inc (NYSE:LL) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 9,027 shares of the specialty retailer’s stock, valued at approximately $220,000.

Several other hedge funds have also added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. bought a new position in Lumber Liquidators during the second quarter worth $206,000. NumerixS Investment Technologies Inc raised its stake 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 worth $156,000 after buying an additional 5,300 shares during the last quarter. Pinebridge Investments L.P. bought a new position in Lumber Liquidators during the second quarter worth $177,000. Sei Investments Co. raised its stake in Lumber Liquidators by 9,870.7% during the second quarter. Sei Investments Co. now owns 28,915 shares of the specialty retailer’s stock worth $704,000 after buying an additional 28,625 shares during the last quarter. Finally, IFP Advisors Inc bought a new position in Lumber Liquidators during the second quarter worth $647,000. 79.63% of the stock is owned by hedge funds and other institutional investors.

NYSE:LL opened at $13.92 on Monday. The company has a quick ratio of 0.16, a current ratio of 1.73 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $442.84 million, a price-to-earnings ratio of -10.47, a P/E/G ratio of 1.17 and a beta of 1.38. Lumber Liquidators Holdings Inc has a 12 month low of $13.70 and a 12 month high of $37.45.

Lumber Liquidators (NYSE:LL) last posted its quarterly earnings results on Tuesday, July 31st. The specialty retailer reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.28). The company had revenue of $283.50 million during the quarter, compared to analyst estimates of $281.26 million. Lumber Liquidators had a positive return on equity of 3.24% and a negative net margin of 1.82%. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.16 earnings per share. As a group, research analysts anticipate that Lumber Liquidators Holdings Inc will post 0.48 EPS for the current year.

A number of brokerages recently weighed in on LL. Longbow Research began coverage on shares of Lumber Liquidators in a research note on Friday, August 24th. They set a “neutral” rating for the company. Zacks Investment Research raised shares of Lumber Liquidators from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 4th. Piper Jaffray Companies reissued a “hold” rating and set a $21.00 target price on shares of Lumber Liquidators in a research note on Wednesday, August 1st. Credit Suisse Group reduced their price target on shares of Lumber Liquidators from $20.00 to $17.00 and set a “neutral” rating for the company in a report on Wednesday, August 1st. Finally, Morgan Stanley reduced their price target on shares of Lumber Liquidators from $23.00 to $21.00 and set an “equal weight” rating for the company in a report on Wednesday, August 1st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. Lumber Liquidators currently has a consensus rating of “Hold” and an average price target of $24.00.

Lumber Liquidators Company 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.

See Also: Asset Allocation

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

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