SG Americas Securities LLC Has $389,000 Stock Position in Limbach Holdings, Inc. (NASDAQ:LMB)

SG Americas Securities LLC lowered its stake in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 56.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 4,548 shares of the construction company's stock after selling 5,931 shares during the period. SG Americas Securities LLC's holdings in Limbach were worth $389,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. RoundAngle Advisors LLC bought a new position in Limbach during the fourth quarter worth $474,000. JPMorgan Chase & Co. raised its holdings in shares of Limbach by 15.6% during the third quarter. JPMorgan Chase & Co. now owns 5,194 shares of the construction company's stock worth $393,000 after purchasing an additional 699 shares during the period. Tidal Investments LLC bought a new position in shares of Limbach in the 3rd quarter worth about $741,000. Sanctuary Advisors LLC acquired a new position in shares of Limbach in the 3rd quarter valued at about $262,000. Finally, Virtu Financial LLC bought a new stake in shares of Limbach during the 3rd quarter valued at about $487,000. Institutional investors and hedge funds own 55.85% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. StockNews.com cut shares of Limbach from a "buy" rating to a "hold" rating in a report on Thursday, November 14th. Roth Mkm boosted their price target on shares of Limbach from $67.00 to $80.00 and gave the company a "buy" rating in a report on Monday, November 4th. Lake Street Capital increased 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. Finally, Stifel Nicolaus boosted their target price on shares of Limbach from $110.00 to $117.00 and gave the company a "buy" rating in a research note on Friday, January 24th.

Insiders Place Their Bets

In other Limbach news, Director David Richard Gaboury purchased 531 shares of the business's stock in a transaction on Tuesday, December 10th. The stock was bought at an average cost of $94.51 per share, with a total value of $50,184.81. Following the acquisition, the director now owns 2,071 shares of the company's stock, valued at $195,730.21. The trade was a 34.48 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 10.20% of the stock is owned by insiders.

Limbach Stock Performance

Limbach stock traded down $4.31 during mid-day trading on Friday, hitting $97.69. 137,678 shares of the company's stock traded hands, compared to its average volume of 199,215. Limbach Holdings, Inc. has a one year low of $38.03 and a one year high of $107.00. The company has a market cap of $1.10 billion, a PE ratio of 44.40, a price-to-earnings-growth ratio of 2.46 and a beta of 1.11. The firm has a 50 day moving average price of $94.61 and a 200 day moving average price of $81.45. 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 (NASDAQ:LMB - Get Free Report) last issued 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 business had revenue of $133.90 million for the quarter, compared to analysts' expectations of $129.50 million. Limbach had a net margin of 5.08% and a return on equity of 20.16%. The company's revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.61 earnings per share. On average, equities analysts forecast 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.