Renaissance Technologies LLC Sells 3,800 Shares of Limbach Holdings, Inc. (NASDAQ:LMB)

Renaissance Technologies LLC cut its stake in shares of Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 1.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 358,271 shares of the construction company's stock after selling 3,800 shares during the quarter. Renaissance Technologies LLC owned 3.18% of Limbach worth $30,647,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Limbach by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 604,397 shares of the construction company's stock valued at $51,700,000 after acquiring an additional 3,001 shares during the last quarter. Geode Capital Management LLC raised its position in Limbach by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 238,445 shares of the construction company's stock valued at $18,068,000 after purchasing an additional 5,093 shares during the last quarter. State Street Corp lifted its holdings in Limbach by 11.1% in the 3rd quarter. State Street Corp now owns 219,120 shares of the construction company's stock worth $16,601,000 after buying an additional 21,951 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Limbach by 1.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 85,086 shares of the construction company's stock worth $7,278,000 after buying an additional 1,141 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in shares of Limbach by 120.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 56,687 shares of the construction company's stock worth $4,849,000 after buying an additional 31,002 shares during the last quarter. 55.85% of the stock is currently owned by institutional investors.

Remove Ads

Limbach Stock Down 0.4 %

Shares of Limbach stock traded down $0.29 on Tuesday, reaching $79.88. The company's stock had a trading volume of 193,417 shares, compared to its average volume of 166,821. The company has a market capitalization of $906.88 million, a price-to-earnings ratio of 36.31, a P/E/G ratio of 2.22 and a beta of 1.01. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.14. Limbach Holdings, Inc. has a 52 week low of $38.39 and a 52 week high of $107.00. The firm's fifty day simple moving average is $79.94 and its two-hundred day simple moving average is $86.78.

Limbach (NASDAQ:LMB - Get Free Report) last released its quarterly earnings data on Monday, March 10th. The construction company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.31. The firm had revenue of $143.70 million during the quarter, compared to analysts' expectations 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 previous year, the company earned $0.68 earnings per share. Equities analysts anticipate that Limbach Holdings, Inc. will post 2.54 earnings per share for the current year.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, Director Joshua Horowitz sold 25,400 shares of the stock in a transaction on 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 of the company's stock, valued at $12,415,778. This represents a 13.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 10.20% of the company's stock.

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.