Bank of New York Mellon Corp Boosts Position in Lumber Liquidators Holdings Inc (LL)

Bank of New York Mellon Corp boosted its holdings in shares of Lumber Liquidators Holdings Inc (NYSE:LL) by 1.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 338,853 shares of the specialty retailer’s stock after purchasing an additional 5,624 shares during the period. Bank of New York Mellon Corp owned about 1.19% of Lumber Liquidators worth $13,208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Private Advisory Group LLC acquired a new position in shares of Lumber Liquidators in the second quarter worth about $307,000. State Board of Administration of Florida Retirement System raised its position in shares of Lumber Liquidators by 18.4% in the third quarter. State Board of Administration of Florida Retirement System now owns 25,220 shares of the specialty retailer’s stock worth $983,000 after acquiring an additional 3,926 shares during the period. EAM Investors LLC acquired a new position in shares of Lumber Liquidators in the second quarter worth about $3,047,000. Teachers Advisors LLC raised its position in shares of Lumber Liquidators by 11.5% in the second quarter. Teachers Advisors LLC now owns 51,125 shares of the specialty retailer’s stock worth $1,281,000 after acquiring an additional 5,273 shares during the period. Finally, Ameriprise Financial Inc. raised its position in shares of Lumber Liquidators by 28.5% in the second quarter. Ameriprise Financial Inc. now owns 192,386 shares of the specialty retailer’s stock worth $4,821,000 after acquiring an additional 42,684 shares during the period. Institutional investors own 78.86% of the company’s stock.

Lumber Liquidators Holdings Inc (NYSE LL) opened at $31.20 on Friday. Lumber Liquidators Holdings Inc has a 1 year low of $14.99 and a 1 year high of $41.33. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.21 and a current ratio of 1.84.

LL has been the subject of a number of analyst reports. Piper Jaffray Companies reiterated a “hold” rating and issued a $32.00 price objective on shares of Lumber Liquidators in a research report on Friday, September 8th. Morgan Stanley upped their price target on shares of Lumber Liquidators from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Monday, October 2nd. Oppenheimer restated an “outperform” rating and set a $43.00 price target on shares of Lumber Liquidators in a research report on Wednesday, October 4th. Wedbush upped their price target on shares of Lumber Liquidators from $35.00 to $39.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 11th. Finally, Zacks Investment Research downgraded shares of Lumber Liquidators from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Lumber Liquidators presently has a consensus rating of “Hold” and a consensus price target of $30.78.

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

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