Jacobs Levy Equity Management Inc. Has $612,000 Position in Limbach Holdings, Inc. (NASDAQ:LMB)

Jacobs Levy Equity Management Inc. lessened its holdings in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 76.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,079 shares of the construction company's stock after selling 26,912 shares during the period. Jacobs Levy Equity Management Inc. owned 0.07% of Limbach worth $612,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Harbor Capital Advisors Inc. grew its holdings in Limbach by 6.3% during the third quarter. Harbor Capital Advisors Inc. now owns 2,736 shares of the construction company's stock worth $207,000 after buying an additional 162 shares in the last quarter. SummerHaven Investment Management LLC boosted its holdings in shares of Limbach by 0.9% during the 2nd quarter. SummerHaven Investment Management LLC now owns 28,963 shares of the construction company's stock valued at $1,649,000 after buying an additional 261 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in Limbach by 7.7% in the 2nd quarter. Meeder Asset Management Inc. now owns 4,072 shares of the construction company's stock worth $232,000 after acquiring an additional 292 shares during the last quarter. American Capital Advisory LLC bought a new position in Limbach in the third quarter valued at about $25,000. Finally, Thrivent Financial for Lutherans increased its holdings in Limbach by 0.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 46,987 shares of the construction company's stock worth $3,560,000 after acquiring an additional 382 shares in the last quarter. Institutional investors and hedge funds own 55.85% of the company's stock.

Limbach Stock Performance

LMB traded up $1.10 on Tuesday, reaching $94.73. The company had a trading volume of 89,411 shares, compared to its average volume of 159,475. The stock has a market capitalization of $1.07 billion, a PE ratio of 42.56, a P/E/G ratio of 3.22 and a beta of 1.09. Limbach Holdings, Inc. has a 1 year low of $35.24 and a 1 year high of $107.00. The stock has a 50-day moving average price of $87.83 and a 200-day moving average price of $70.87. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.14.

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on LMB. Roth Mkm increased 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. StockNews.com lowered Limbach from a "buy" rating to a "hold" rating in a research note on Thursday, November 14th. Finally, Stifel Nicolaus initiated coverage on Limbach in a report on Friday, November 15th. They issued a "buy" rating and a $108.00 price target for the company.

Limbach Company 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.