Mizuho Securities Usa Exits Position in Lumber Liquidators Holdings Inc (LL)

Lumber Liquidators Holdings Inc (LL) : Mizuho Securities Usa has sold out all of its stake in Lumber Liquidators Holdings Inc during the most recent quarter, according to the disclosure filed by the company on Apr 21, 2016 with the SEC. The investment management company has sold out 56,800 shares of Lumber Liquidators Holdings Inc which is valued at $854,272.

Lumber Liquidators Holdings Inc opened for trading at $15.78 and hit $16.22 on the upside on Wednesday, eventually ending the session at $16.02, with a gain of 1.78% or 0.28 points. The heightened volatility saw the trading volume jump to 10,71,095 shares. Company has a market cap of $434 M.

Other Hedge Funds, Including , Thompson Investment Management boosted its stake in LL in the latest quarter, The investment management firm added 2,330 additional shares and now holds a total of 248,055 shares of Lumber Liquidators Holdings Inc which is valued at $3,730,747. Lumber Liquidators Holdings Inc makes up approx 0.77% of Thompson Investment Management’s portfolio. Gemmer Asset Management sold out all of its stake in LL during the most recent quarter. The investment firm sold 143 shares of LL which is valued $2,164. Simplex Trading added LL to its portfolio by purchasing 2,917 company shares during the most recent quarter which is valued at $44,134. Lumber Liquidators Holdings Inc makes up approx 0.01% of Simplex Trading’s portfolio.Creative Planning boosted its stake in LL in the latest quarter, The investment management firm added 1,658 additional shares and now holds a total of 12,328 shares of Lumber Liquidators Holdings Inc which is valued at $172,099.

On the company’s financial health, Lumber Liquidators Holdings Inc reported $-0.73 EPS for the quarter, missing the analyst consensus estimate by $ -0.53 based on the information available during the earnings call on Feb 29, 2016. Analyst had a consensus of $-0.20. The company had revenue of $234.80 million for the quarter, compared to analysts expectations of $251.27 million. The company’s revenue was down -13.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.64 EPS.

Many Wall Street Analysts have commented on Lumber Liquidators Holdings Inc. Shares were Reiterated by Wedbush on Mar 1, 2016 to “Neutral” and Lowered the Price Target to $ 13 from a previous price target of $15 .

Lumber Liquidators Holdings Inc. (Lumber Liquidators) is a retailer of hardwood flooring and hardwood flooring enhancements and accessories in North America. The Company’s product categories include Solid and Engineered Hardwood; Laminate; Bamboo Cork and Vinyl Plank and Moldings and Accessories. The Company sells its products primarily to homeowners or to contractors on behalf of homeowners. The Company offers wood flooring under18 brand names led by Bellawood a collection of solid and engineered hardwood flooring bamboo flooring moldings and accessories. The Company also offers a range of flooring enhancements and installation accessories including moldings noise-reducing underlay and tools. It offers around 400 different flooring product stock-keeping units. As of February 23 2015 Lumber Liquidators operated around 354 stores located in 46 states of the United States and nine store locations in Canada.

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