Quantbot Technologies LP Acquires New Stake in Limbach Holdings, Inc. (NASDAQ:LMB)

Quantbot Technologies LP acquired a new stake in shares of Limbach Holdings, Inc. (NASDAQ:LMB) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 12,217 shares of the construction company’s stock, valued at approximately $1,045,000.

A number of other hedge funds also recently bought and sold shares of the business. IFP Advisors Inc purchased a new position in shares of Limbach during the 4th quarter worth $37,000. US Bancorp DE purchased a new position in Limbach during the fourth quarter worth about $115,000. Quest Partners LLC acquired a new position in Limbach in the 3rd quarter valued at about $207,000. Bailard Inc. purchased a new stake in shares of Limbach in the 4th quarter valued at approximately $257,000. Finally, Teacher Retirement System of Texas increased its holdings in shares of Limbach by 5.2% during the 4th quarter. Teacher Retirement System of Texas now owns 3,453 shares of the construction company’s stock worth $295,000 after buying an additional 172 shares during the last quarter. Institutional investors and hedge funds own 55.85% of the company’s stock.

Analyst Ratings Changes

LMB has been the topic of a number of recent analyst reports. Lake Street Capital upped their price objective on Limbach from $100.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, February 4th. Stifel Nicolaus set a $103.00 price target on Limbach in a research note on Wednesday, March 12th.

Insider Buying and Selling at Limbach

In other news, Director Joshua Horowitz sold 25,400 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $75.43, for a total value of $1,915,922.00. Following the completion of the transaction, the director now owns 164,600 shares of the company’s stock, valued at approximately $12,415,778. This trade represents a 13.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 10.20% of the stock is currently owned by corporate insiders.

Limbach Stock Performance

NASDAQ:LMB opened at $81.95 on Wednesday. Limbach Holdings, Inc. has a fifty-two week low of $38.03 and a fifty-two week high of $107.00. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.57 and a current ratio of 1.57. The company has a 50 day moving average price of $87.03 and a 200 day moving average price of $86.61. The stock has a market capitalization of $930.38 million, a P/E ratio of 37.25, a PEG ratio of 2.22 and a beta of 1.18.

Limbach (NASDAQ:LMB) last released its quarterly earnings results on Monday, March 10th. The construction company reported $1.15 EPS for the quarter, topping the consensus estimate of $0.84 by $0.31. The business had revenue of $143.70 million during the quarter, compared to analyst estimates of $149.37 million. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The company’s quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the business posted $0.68 earnings per share. Equities research analysts forecast that Limbach Holdings, Inc. will post 2.54 EPS for the current year.

About Limbach

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.