AQR Capital Management LLC Sells 26,763 Shares of Limbach Holdings, Inc. (NASDAQ:LMB)

AQR Capital Management LLC cut its stake in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 30.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 62,136 shares of the construction company's stock after selling 26,763 shares during the quarter. AQR Capital Management LLC owned about 0.56% of Limbach worth $3,537,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Grizzlyrock Capital LLC purchased a new stake in shares of Limbach during the fourth quarter valued at approximately $602,000. Virtu Financial LLC bought a new position in Limbach in the 4th quarter worth $235,000. Los Angeles Capital Management LLC increased its position in shares of Limbach by 43.4% during the first quarter. Los Angeles Capital Management LLC now owns 36,961 shares of the construction company's stock valued at $1,531,000 after buying an additional 11,179 shares during the period. Principal Financial Group Inc. bought a new position in Limbach in the first quarter worth about $424,000. Finally, BNP Paribas Financial Markets raised its stake in Limbach by 20.1% in the first quarter. BNP Paribas Financial Markets now owns 8,411 shares of the construction company's stock worth $348,000 after buying an additional 1,406 shares in the last quarter. 55.85% of the stock is currently owned by institutional investors.

Limbach Stock Performance

LMB stock traded up $0.36 on Monday, hitting $77.74. The company had a trading volume of 74,557 shares, compared to its average volume of 167,255. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.15. Limbach Holdings, Inc. has a 12-month low of $26.76 and a 12-month high of $82.21. The stock has a market cap of $869.37 million, a price-to-earnings ratio of 35.99, a P/E/G ratio of 2.62 and a beta of 0.96. The stock's 50-day simple moving average is $66.07 and its 200 day simple moving average is $56.49.

Limbach (NASDAQ:LMB - Get Free Report) last posted its earnings results on Tuesday, August 6th. The construction company reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.13. The company had revenue of $122.24 million for the quarter, compared to the consensus estimate of $123.50 million. Limbach had a return on equity of 21.06% and a net margin of 5.08%. During the same quarter in the prior year, the company earned $0.46 earnings per share. As a group, equities research analysts expect that Limbach Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Insider Buying and Selling at Limbach

In other news, Director Joshua Horowitz sold 8,800 shares of the company's stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $59.14, for a total value of $520,432.00. Following the completion of the transaction, the director now owns 223,272 shares of the company's stock, valued at $13,204,306.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold a total of 40,072 shares of company stock valued at $2,418,821 over the last ninety days. 10.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Limbach from a "buy" rating to a "hold" rating in a research note on Wednesday, August 14th.

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.