Los Angeles Capital Management LLC Makes New $568,000 Investment in Limbach Holdings, Inc. (NASDAQ:LMB)

Los Angeles Capital Management LLC acquired a new position in shares of Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 7,501 shares of the construction company's stock, valued at approximately $568,000. Los Angeles Capital Management LLC owned about 0.07% of Limbach at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of LMB. American Capital Advisory LLC acquired a new position in Limbach during the third quarter worth approximately $25,000. nVerses Capital LLC acquired a new position in shares of Limbach in the 3rd quarter valued at $53,000. Harbor Capital Advisors Inc. raised its position in Limbach by 6.3% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 2,736 shares of the construction company's stock valued at $207,000 after purchasing an additional 162 shares during the last quarter. Mraz Amerine & Associates Inc. acquired a new stake in Limbach during the 3rd quarter worth $265,000. Finally, The Manufacturers Life Insurance Company purchased a new position in Limbach during the 2nd quarter worth $223,000. 55.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on LMB shares. StockNews.com downgraded shares of Limbach from a "buy" rating to a "hold" rating in a research note on Thursday. Roth Mkm lifted 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. Finally, Stifel Nicolaus began coverage on Limbach in a report on Friday. They issued a "buy" rating and a $108.00 target price on the stock.

Insiders Place Their Bets

In other news, Director Joshua Horowitz sold 7,000 shares of Limbach stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $61.86, for a total transaction of $433,020.00. Following the completion of the sale, the director now directly owns 203,000 shares in the company, valued at approximately $12,557,580. This trade represents a 3.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders sold 19,272 shares of company stock worth $1,188,349. 10.20% of the stock is owned by corporate insiders.

Limbach Stock Performance

Shares of NASDAQ:LMB traded up $3.28 during midday trading on Friday, hitting $92.09. The stock had a trading volume of 125,090 shares, compared to its average volume of 133,227. The company has a market capitalization of $1.04 billion, a PE ratio of 41.86, a P/E/G ratio of 2.97 and a beta of 0.97. Limbach Holdings, Inc. has a 1 year low of $35.24 and a 1 year high of $98.36. The stock has a 50 day moving average price of $79.36 and a two-hundred day moving average price of $65.10. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.14.

Limbach (NASDAQ:LMB - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The construction company reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.57 by $0.05. The company had revenue of $133.90 million for the quarter, compared to analyst estimates of $129.50 million. Limbach had a return on equity of 20.16% and a net margin of 5.08%. The firm's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.61 EPS. As a group, equities analysts predict that Limbach Holdings, Inc. will post 2.58 earnings per share for the current fiscal year.

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.