Quantbot Technologies LP Buys Shares of 12,217 Limbach Holdings, Inc. (NASDAQ:LMB)

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

Several other hedge funds have also recently made changes to their positions in the company. Rockefeller Capital Management L.P. purchased a new stake in shares of Limbach during the third quarter worth $11,635,000. Charles Schwab Investment Management Inc. lifted its holdings in Limbach by 186.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 83,945 shares of the construction company's stock worth $6,360,000 after purchasing an additional 54,599 shares in the last quarter. Moody Aldrich Partners LLC purchased a new stake in Limbach during the 4th quarter worth about $4,430,000. Portolan Capital Management LLC grew its holdings in Limbach by 70.5% during the 3rd quarter. Portolan Capital Management LLC now owns 123,354 shares of the construction company's stock valued at $9,345,000 after buying an additional 51,002 shares in the last quarter. Finally, Isthmus Partners LLC bought a new stake in shares of Limbach during the third quarter valued at about $3,405,000. 55.85% of the stock is currently owned by institutional investors.

Insider Activity at Limbach

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

Remove Ads

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LMB. Lake Street Capital raised their price objective on shares of Limbach from $100.00 to $125.00 and gave the company a "buy" rating in a research report on Tuesday, February 4th. Stifel Nicolaus set a $103.00 price objective on Limbach in a report on Wednesday, March 12th.

Limbach Trading Down 3.6 %

NASDAQ LMB traded down $2.82 during trading on Friday, hitting $75.83. 90,186 shares of the company's stock traded hands, compared to its average volume of 161,844. The stock has a fifty day moving average of $86.47 and a two-hundred day moving average of $86.52. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 1.57. Limbach Holdings, Inc. has a 12-month low of $38.03 and a 12-month high of $107.00. The firm has a market cap of $860.84 million, a P/E ratio of 34.59, a PEG ratio of 2.22 and a beta of 1.18.

Limbach (NASDAQ:LMB - Get Free Report) last announced its quarterly 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 business 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 company's revenue was up .7% on a year-over-year basis. During the same quarter last year, the firm earned $0.68 EPS. As a group, sell-side analysts expect that Limbach Holdings, Inc. will post 2.54 EPS for the current year.

About Limbach

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.