Ameriprise Financial Inc. Acquires 12,552 Shares of Lumber Liquidators Holdings Inc (LL)

Ameriprise Financial Inc. increased its holdings in shares of Lumber Liquidators Holdings Inc (NYSE:LL) by 6.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 204,938 shares of the specialty retailer’s stock after buying an additional 12,552 shares during the period. Ameriprise Financial Inc. owned about 0.72% of Lumber Liquidators worth $7,987,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. SG Americas Securities LLC bought a new position in Lumber Liquidators during the 3rd quarter worth approximately $161,000. Bank of New York Mellon Corp raised its holdings in Lumber Liquidators by 1.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 338,853 shares of the specialty retailer’s stock worth $13,208,000 after purchasing an additional 5,624 shares during the last quarter. Sanctuary Wealth Advisors LLC raised its holdings in Lumber Liquidators by 34,654.7% during the 3rd quarter. Sanctuary Wealth Advisors LLC now owns 95,228 shares of the specialty retailer’s stock worth $3,712,000 after purchasing an additional 94,954 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in Lumber Liquidators by 59.7% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 10,650 shares of the specialty retailer’s stock worth $415,000 after purchasing an additional 3,980 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its holdings in Lumber Liquidators by 68.9% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 14,750 shares of the specialty retailer’s stock worth $575,000 after purchasing an additional 6,018 shares during the last quarter. Institutional investors and hedge funds own 78.86% of the company’s stock.

Several research analysts have issued reports on the stock. Moffett Nathanson initiated coverage on shares of Lumber Liquidators in a report on Monday, December 4th. They set a “buy” rating for the company. TheStreet lowered shares of Lumber Liquidators from a “c” rating to a “d+” rating in a research note on Thursday, November 2nd. Zacks Investment Research lowered shares of Lumber Liquidators from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Stifel Nicolaus reiterated a “hold” rating and issued a $33.00 price objective on shares of Lumber Liquidators in a research note on Wednesday, November 1st. Finally, Piper Jaffray Companies set a $34.00 price objective on shares of Lumber Liquidators and gave the company a “neutral” rating in a research note on Wednesday, November 1st. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $30.78.

Shares of Lumber Liquidators Holdings Inc (NYSE:LL) opened at $31.20 on Monday. The firm has a market cap of $888.74, a price-to-earnings ratio of -19.02 and a beta of 2.05. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.84 and a quick ratio of 0.21. Lumber Liquidators Holdings Inc has a one year low of $14.99 and a one year high of $41.33.

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About Lumber Liquidators

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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