Limbach Holdings, Inc. (NASDAQ:LMB) Short Interest Update

Limbach Holdings, Inc. (NASDAQ:LMB - Get Free Report) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 652,900 shares, an increase of 18.5% from the March 15th total of 550,800 shares. Based on an average daily trading volume, of 215,800 shares, the short-interest ratio is presently 3.0 days. Approximately 6.6% of the shares of the company are sold short.

Limbach Price Performance

LMB traded down $1.62 during trading on Friday, reaching $91.73. 75,102 shares of the stock were exchanged, compared to its average volume of 173,475. Limbach has a 1 year low of $41.03 and a 1 year high of $107.00. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 41.70, a P/E/G ratio of 2.22 and a beta of 1.01. The business's 50 day moving average price is $79.10 and its two-hundred day moving average price is $87.23. 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 (NASDAQ:LMB - Get Free Report) last announced 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. Limbach had a net margin of 5.08% and a return on equity of 20.16%. The company had revenue of $143.70 million during the quarter, compared to analysts' expectations of $149.37 million. During the same quarter in the previous year, the business posted $0.68 earnings per share. The firm's quarterly revenue was up .7% compared to the same quarter last year. As a group, equities research analysts anticipate that Limbach will post 2.54 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Joshua Horowitz sold 25,400 shares of Limbach 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 transaction, the director now directly owns 164,600 shares of the company's stock, valued at $12,415,778. The trade was a 13.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 10.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. State Street Corp raised its position in shares of Limbach by 11.1% in the third quarter. State Street Corp now owns 219,120 shares of the construction company's stock valued at $16,601,000 after buying an additional 21,951 shares during the last quarter. Barclays PLC lifted its stake in shares of Limbach by 385.4% during the 3rd quarter. Barclays PLC now owns 16,879 shares of the construction company's stock worth $1,278,000 after purchasing an additional 13,402 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Limbach by 2.2% during the third quarter. Geode Capital Management LLC now owns 238,445 shares of the construction company's stock worth $18,068,000 after purchasing an additional 5,093 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Limbach in the third quarter valued at $487,000. Finally, Sanctuary Advisors LLC acquired a new position in Limbach in the third quarter valued at $262,000. Institutional investors and hedge funds own 55.85% of the company's stock.

Analyst Upgrades and Downgrades

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

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.