Limbach Holdings, Inc. (NASDAQ:LMB) Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC lowered its holdings in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 14.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,009 shares of the construction company's stock after selling 4,107 shares during the period. Calamos Advisors LLC owned approximately 0.21% of Limbach worth $2,054,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in LMB. American Capital Advisory LLC acquired a new position in shares of Limbach in the third quarter valued at approximately $25,000. nVerses Capital LLC acquired a new position in Limbach during the 3rd quarter worth approximately $53,000. Harbor Capital Advisors Inc. grew its holdings in Limbach by 6.3% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 2,736 shares of the construction company's stock worth $207,000 after acquiring an additional 162 shares in the last quarter. Quest Partners LLC acquired a new position in Limbach during the 3rd quarter worth approximately $207,000. Finally, The Manufacturers Life Insurance Company acquired a new position in Limbach during the 2nd quarter worth approximately $223,000. Institutional investors and hedge funds own 55.85% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on LMB. Lake Street Capital boosted their price target on shares of Limbach from $100.00 to $125.00 and gave the stock a "buy" rating in a report on Tuesday. StockNews.com downgraded shares of Limbach from a "buy" rating to a "hold" rating in a research report on Thursday, November 14th. Stifel Nicolaus boosted their price objective on shares of Limbach from $110.00 to $117.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. Finally, Roth Mkm boosted their price objective on shares of Limbach from $67.00 to $80.00 and gave the stock a "buy" rating in a research report on Monday, November 4th.

Insider Transactions at Limbach

In other Limbach news, Director David Richard Gaboury acquired 531 shares of the stock in a transaction that occurred on 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 purchase, the director now owns 2,071 shares in the company, valued at approximately $195,730.21. The trade was a 34.48 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 10.20% of the company's stock.

Limbach Stock Performance

LMB traded down $4.31 during trading on Friday, hitting $97.69. The stock had a trading volume of 137,678 shares, compared to its average volume of 202,311. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.57 and a current ratio of 1.57. Limbach Holdings, Inc. has a twelve month low of $38.03 and a twelve month high of $107.00. The firm has a market capitalization of $1.10 billion, a P/E ratio of 44.40, a PEG ratio of 2.71 and a beta of 1.11. The company's 50-day moving average price is $94.57 and its 200 day moving average price is $81.70.

Limbach (NASDAQ:LMB - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The construction company reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.05. Limbach had a net margin of 5.08% and a return on equity of 20.16%. The business had revenue of $133.90 million for the quarter, compared to analysts' expectations of $129.50 million. During the same period in the prior year, the company posted $0.61 EPS. The business's revenue for the quarter was up 4.9% on a year-over-year basis. On average, equities research analysts forecast that Limbach Holdings, Inc. will post 2.54 EPS for the current fiscal 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.