Lumber Liquidators Holdings, Inc (LL) Shares Bought by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. increased its holdings in shares of Lumber Liquidators Holdings, Inc (NYSE:LL) by 20.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 14,071 shares of the specialty retailer’s stock after purchasing an additional 2,417 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Lumber Liquidators Holdings were worth $353,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Louisiana State Employees Retirement System increased its stake in Lumber Liquidators Holdings by 4.5% during the first quarter. Louisiana State Employees Retirement System now owns 11,500 shares of the specialty retailer’s stock valued at $241,000 after acquiring an additional 500 shares during the period. Columbia Pacific Advisors LLC bought a new position in Lumber Liquidators Holdings during the first quarter valued at about $630,000. Baker Avenue Asset Management LP increased its stake in Lumber Liquidators Holdings by 42.1% during the first quarter. Baker Avenue Asset Management LP now owns 28,410 shares of the specialty retailer’s stock valued at $596,000 after acquiring an additional 8,410 shares during the period. Ameriprise Financial Inc. increased its stake in Lumber Liquidators Holdings by 7.8% during the first quarter. Ameriprise Financial Inc. now owns 149,702 shares of the specialty retailer’s stock valued at $3,142,000 after acquiring an additional 10,867 shares during the period. Finally, Renaissance Technologies LLC bought a new position in Lumber Liquidators Holdings during the first quarter valued at about $6,339,000. 78.91% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently issued reports on LL. Jefferies Group LLC restated a “hold” rating and set a $33.00 price target (up from $19.00) on shares of Lumber Liquidators Holdings in a research note on Wednesday, August 2nd. Wedbush boosted their price target on Lumber Liquidators Holdings from $27.00 to $35.00 and gave the company an “outperform” rating in a research note on Wednesday, August 2nd. Stifel Nicolaus boosted their price target on Lumber Liquidators Holdings from $20.00 to $33.00 and gave the company a “hold” rating in a research note on Wednesday, August 2nd. Oppenheimer Holdings, Inc. upgraded Lumber Liquidators Holdings from a “market perform” rating to an “outperform” rating and set a $34.00 price target on the stock in a research note on Friday, May 19th. Finally, CIBC upgraded Lumber Liquidators Holdings from a “market perform” rating to an “outperform” rating in a research note on Friday, May 19th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $27.78.

Shares of Lumber Liquidators Holdings, Inc (NYSE:LL) opened at 37.49 on Friday. The company’s market capitalization is $1.07 billion. Lumber Liquidators Holdings, Inc has a 1-year low of $14.02 and a 1-year high of $41.33. The stock has a 50 day moving average price of $36.18 and a 200 day moving average price of $26.75.

Lumber Liquidators Holdings (NYSE:LL) last released its quarterly earnings results on Tuesday, August 1st. The specialty retailer reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.24. Lumber Liquidators Holdings had a negative net margin of 4.58% and a negative return on equity of 11.75%. The company had revenue of $263.50 million during the quarter, compared to the consensus estimate of $256.89 million. During the same period in the previous year, the business earned ($0.45) earnings per share. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. Analysts forecast that Lumber Liquidators Holdings, Inc will post ($0.69) earnings per share for the current year.

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About Lumber Liquidators Holdings

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

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