Gagnon Securities buys $10,340,858 stake in Lumber Liquidators Holdings Inc (LL)

Lumber Liquidators Holdings Inc (LL) : Gagnon Securities scooped up 73,035 additional shares in Lumber Liquidators Holdings Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 633,631 shares of Lumber Liquidators Holdings Inc which is valued at $10,340,858.Lumber Liquidators Holdings Inc makes up approximately 4.57% of Gagnon Securities’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in LL in the latest quarter, The investment management firm added 203,668 additional shares and now holds a total of 2,018,801 shares of Lumber Liquidators Holdings Inc which is valued at $32,946,832.Convector Capital Management Lp reduced its stake in LL by selling 15,400 shares or 5.94% in the most recent quarter. The Hedge Fund company now holds 244,000 shares of LL which is valued at $3,808,840. Lumber Liquidators Holdings Inc makes up approx 4.99% of Convector Capital Management Lp’s portfolio.Quantitative Investment Management reduced its stake in LL by selling 14,400 shares or 21.27% in the most recent quarter. The Hedge Fund company now holds 53,300 shares of LL which is valued at $832,013. Lumber Liquidators Holdings Inc makes up approx 0.04% of Quantitative Investment Management’s portfolio.

Lumber Liquidators Holdings Inc closed down -0.46 points or -2.74% at $16.35 with 6,52,463 shares getting traded on Friday. Post opening the session at $16.72, the shares hit an intraday low of $16.27 and an intraday high of $16.73 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Lumber Liquidators Holdings Inc reported $-0.45 EPS for the quarter, missing the analyst consensus estimate by $ -0.21 based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus of $-0.24. The company had revenue of $238.10 million for the quarter, compared to analysts expectations of $240.37 million. The company’s revenue was down -4.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.75 EPS.

Many Wall Street Analysts have commented on Lumber Liquidators Holdings Inc. Company shares were Reiterated by Wedbush on Jul 28, 2016 to “Neutral”, Firm has raised the Price Target to $ 15 from a previous price target of $13 .Topeka Capital Markets Initiated Lumber Liquidators Holdings Inc on May 24, 2016 to “Sell”, Price Target of the shares are set at $9.

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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