Empowered Funds LLC Sells 3,814 Shares of Limbach Holdings, Inc. (NASDAQ:LMB)

Empowered Funds LLC reduced its position in shares of Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 44.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,804 shares of the construction company's stock after selling 3,814 shares during the period. Empowered Funds LLC's holdings in Limbach were worth $411,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wasatch Advisors LP increased its position in Limbach by 6.7% during the third quarter. Wasatch Advisors LP now owns 372,836 shares of the construction company's stock worth $28,246,000 after acquiring an additional 23,360 shares during the period. Corsair Capital Management L.P. grew its position in Limbach by 1.3% in the 3rd quarter. Corsair Capital Management L.P. now owns 313,360 shares of the construction company's stock worth $23,740,000 after purchasing an additional 3,988 shares during the last quarter. Royce & Associates LP increased its holdings in shares of Limbach by 35.3% during the 3rd quarter. Royce & Associates LP now owns 249,578 shares of the construction company's stock worth $18,908,000 after purchasing an additional 65,082 shares during the period. Geode Capital Management LLC raised its position in shares of Limbach by 2.2% during the third quarter. Geode Capital Management LLC now owns 238,445 shares of the construction company's stock valued at $18,068,000 after buying an additional 5,093 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of Limbach by 11.1% in the third quarter. State Street Corp now owns 219,120 shares of the construction company's stock valued at $16,601,000 after buying an additional 21,951 shares during the period. 55.85% of the stock is currently owned by institutional investors and hedge funds.

Limbach Price Performance

Shares of NASDAQ:LMB traded down $3.22 on Friday, hitting $80.13. The stock had a trading volume of 182,651 shares, compared to its average volume of 151,313. The firm's 50 day moving average price is $92.84 and its 200-day moving average price is $83.75. 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 company has a market capitalization of $903.07 million, a price-to-earnings ratio of 36.42, a price-to-earnings-growth ratio of 2.22 and a beta of 1.11.

Insider Buying and Selling at Limbach

In related news, Director David Richard Gaboury bought 531 shares of the company's stock in a transaction on Tuesday, December 10th. The stock was bought 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 in the company, valued at approximately $195,730.21. The trade was a 34.48 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 10.20% of the company's stock.

Wall Street Analyst Weigh In

LMB has been the subject of a number of recent research reports. Roth Mkm upped their target price on Limbach from $67.00 to $80.00 and gave the company a "buy" rating in a research note on Monday, November 4th. Stifel Nicolaus boosted their price target on shares of Limbach from $110.00 to $117.00 and gave the company a "buy" rating in a report on Friday, January 24th. Lake Street Capital raised their price objective on shares of Limbach from $100.00 to $125.00 and gave the stock a "buy" rating in a report on Tuesday, February 4th. Finally, StockNews.com cut shares of Limbach from a "buy" rating to a "hold" rating in a research note on Thursday, November 14th.

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.