Los Angeles Capital Management LLC Decreases Stake in Limbach Holdings, Inc. (NASDAQ:LMB)

Los Angeles Capital Management LLC lowered its position in Limbach Holdings, Inc. (NASDAQ:LMB) by 9.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 6,801 shares of the construction company’s stock after selling 700 shares during the quarter. Los Angeles Capital Management LLC owned about 0.06% of Limbach worth $582,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. purchased a new position in Limbach during the 3rd quarter valued at about $11,635,000. Royce & Associates LP grew its holdings in Limbach by 35.3% during the 3rd quarter. Royce & Associates LP now owns 249,578 shares of the construction company’s stock valued at $18,908,000 after buying an additional 65,082 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Limbach by 186.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 83,945 shares of the construction company’s stock valued at $6,360,000 after buying an additional 54,599 shares in the last quarter. Moody Aldrich Partners LLC bought a new stake in shares of Limbach during the 4th quarter valued at about $4,430,000. Finally, Portolan Capital Management LLC boosted its position in shares of Limbach by 70.5% during the 3rd quarter. Portolan Capital Management LLC now owns 123,354 shares of the construction company’s stock valued at $9,345,000 after acquiring an additional 51,002 shares during the last quarter. Hedge funds and other institutional investors own 55.85% of the company’s stock.

Limbach Price Performance

Shares of Limbach stock opened at $83.00 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 1.57. The business’s 50 day simple moving average is $91.99 and its two-hundred day simple moving average is $84.69. The stock has a market capitalization of $935.66 million, a P/E ratio of 37.73, a price-to-earnings-growth ratio of 2.22 and a beta of 1.11. Limbach Holdings, Inc. has a one year low of $38.03 and a one year high of $107.00.

Insiders Place Their Bets

In other Limbach news, Director David Richard Gaboury bought 531 shares of Limbach stock in a transaction dated Tuesday, December 10th. The shares were purchased at an average cost of $94.51 per share, with a total value of $50,184.81. Following the completion of the purchase, the director now owns 2,071 shares of the company’s stock, valued at approximately $195,730.21. This represents a 34.48 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 10.20% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on LMB shares. StockNews.com downgraded Limbach from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Lake Street Capital boosted their target price on Limbach from $100.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, February 4th. Roth Mkm boosted their target price on Limbach from $67.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, November 4th. Finally, Stifel Nicolaus boosted their target price on Limbach from $110.00 to $117.00 and gave the stock a “buy” rating in a research report on Friday, January 24th.

Limbach Profile

Limbach Holdings, Inc operates as a building systems solution company in the United States. It operates through two segments, General Contractor Relationships and Owner Direct Relationships. The company engages in the construction and renovation projects that involve primarily include mechanical, plumbing, and electrical services.