Quantbot Technologies LP Purchases New Position in Limbach Holdings, Inc. (NASDAQ:LMB)

Quantbot Technologies LP purchased a new stake in shares of Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 12,217 shares of the construction company's stock, valued at approximately $1,045,000. Quantbot Technologies LP owned about 0.11% of Limbach at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. IFP Advisors Inc purchased a new stake in Limbach in the fourth quarter valued at $37,000. US Bancorp DE acquired a new stake in shares of Limbach during the 4th quarter worth about $115,000. Quest Partners LLC purchased a new stake in Limbach in the 3rd quarter valued at about $207,000. Bailard Inc. acquired a new position in Limbach in the fourth quarter valued at about $257,000. Finally, Sanctuary Advisors LLC acquired a new position in Limbach in the third quarter valued at about $262,000. Institutional investors and hedge funds own 55.85% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Lake Street Capital upped 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. Stifel Nicolaus set a $103.00 target price on Limbach in a research report on Wednesday, March 12th.

Insider Buying and Selling

In other Limbach news, Director Joshua Horowitz sold 25,400 shares of the business's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $75.43, for a total transaction of $1,915,922.00. Following the completion of the transaction, the director now owns 164,600 shares in the company, valued at $12,415,778. The trade was a 13.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 10.20% of the stock is currently owned by insiders.

Limbach Stock Down 3.0 %

Shares of LMB traded down $2.38 during mid-day trading on Friday, hitting $76.26. 195,358 shares of the company's stock were exchanged, compared to its average volume of 161,927. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.57 and a current ratio of 1.57. The company has a market cap of $865.78 million, a price-to-earnings ratio of 34.66, a P/E/G ratio of 2.22 and a beta of 1.18. The stock's 50-day moving average is $86.13 and its 200-day moving average is $86.74. Limbach Holdings, Inc. has a fifty-two week low of $38.03 and a fifty-two week high of $107.00.

Limbach (NASDAQ:LMB - Get Free Report) last released its earnings results on Monday, March 10th. The construction company reported $1.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $0.31. The company had revenue of $143.70 million for the quarter, compared to analyst estimates of $149.37 million. Limbach had a net margin of 5.08% and a return on equity of 20.16%. The firm's quarterly revenue was up .7% on a year-over-year basis. During the same period in the prior year, the business earned $0.68 EPS. On average, sell-side analysts anticipate that Limbach Holdings, Inc. will post 2.54 earnings per share for the current fiscal year.

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.