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

Quantbot Technologies LP purchased a new position in shares of Limbach Holdings, Inc. (NASDAQ:LMB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of LMB. FMR LLC grew its position in Limbach by 21.7% during the 3rd quarter. FMR LLC now owns 40,543 shares of the construction company’s stock worth $3,072,000 after purchasing an additional 7,239 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Limbach during the third quarter worth $487,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Limbach during the third quarter valued at $643,000. Barclays PLC increased its position in shares of Limbach by 385.4% in the 3rd quarter. Barclays PLC now owns 16,879 shares of the construction company’s stock valued at $1,278,000 after acquiring an additional 13,402 shares during the period. Finally, Sanctuary Advisors LLC purchased a new position in Limbach in the 3rd quarter worth $262,000. Institutional investors and hedge funds own 55.85% of the company’s stock.

Analysts Set New Price Targets

LMB has been the topic of a number of research reports. Stifel Nicolaus set a $103.00 price objective on Limbach in a report on Wednesday, March 12th. Lake Street Capital increased their price target on shares of Limbach from $100.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, February 4th.

Limbach Price Performance

Shares of LMB opened at $81.95 on Wednesday. The business’s 50-day moving average is $87.03 and its two-hundred day moving average is $86.61. 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 capitalization of $930.38 million, a P/E ratio of 37.25, a P/E/G ratio of 2.22 and a beta of 1.18. Limbach Holdings, Inc. has a fifty-two week low of $38.03 and a fifty-two week high of $107.00.

Limbach (NASDAQ:LMB) last issued its quarterly earnings data on Monday, March 10th. The construction company reported $1.15 earnings per share 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 business had revenue of $143.70 million during the quarter, compared to the consensus estimate of $149.37 million. During the same quarter in the prior year, the firm posted $0.68 earnings per share. The company’s revenue was up .7% compared to the same quarter last year. Research analysts predict that Limbach Holdings, Inc. will post 2.54 earnings per share for the current year.

Insider Buying and Selling

In other Limbach news, Director Joshua Horowitz sold 25,400 shares of the company’s stock in a transaction 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 directly owns 164,600 shares in the company, valued at approximately $12,415,778. This represents a 13.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 10.20% of the stock is currently owned by insiders.

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.