Quantedge Capital Pte Ltd Has $1.33 Million Stock Position in Limbach Holdings, Inc. (NASDAQ:LMB)

Quantedge Capital Pte Ltd trimmed its position in Limbach Holdings, Inc. (NASDAQ:LMB) by 46.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,500 shares of the construction company’s stock after selling 13,600 shares during the quarter. Quantedge Capital Pte Ltd’s holdings in Limbach were worth $1,326,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in LMB. JPMorgan Chase & Co. boosted 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. RoundAngle Advisors LLC bought a new position in Limbach during the fourth quarter valued at approximately $474,000. Moody Aldrich Partners LLC bought a new position in Limbach during the fourth quarter valued at approximately $4,430,000. Kestra Private Wealth Services LLC raised its position in Limbach by 36.2% during the fourth quarter. Kestra Private Wealth Services LLC now owns 11,563 shares of the construction company’s stock valued at $989,000 after acquiring an additional 3,075 shares in the last quarter. Finally, Rhumbline Advisers raised its position in Limbach by 1.8% during the fourth quarter. Rhumbline Advisers now owns 14,065 shares of the construction company’s stock valued at $1,203,000 after acquiring an additional 255 shares in the last quarter. 55.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Joshua Horowitz sold 25,400 shares of the business’s 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 sale, the director now owns 164,600 shares in the company, valued at approximately $12,415,778. The trade was a 13.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 9.70% of the stock is currently owned by insiders.

Limbach Trading Up 0.5%

NASDAQ:LMB opened at $122.82 on Thursday. Limbach Holdings, Inc. has a 12 month low of $47.22 and a 12 month high of $128.17. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 55.83, a P/E/G ratio of 2.22 and a beta of 1.08. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.14. The company’s 50 day moving average is $87.29 and its 200-day moving average is $89.94.

Limbach (NASDAQ:LMB) last announced its earnings results on Monday, May 5th. The construction company reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.82. Limbach had a net margin of 5.08% and a return on equity of 20.16%. The business had revenue of $133.11 million for the quarter, compared to analyst estimates of $121.06 million. During the same quarter in the previous year, the firm posted $0.69 earnings per share. Limbach’s revenue was up 11.9% compared to the same quarter last year. Equities analysts anticipate that Limbach Holdings, Inc. will post 2.54 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Roth Capital reaffirmed a “buy” rating on shares of Limbach in a research report on Wednesday, May 7th. 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. Finally, Stifel Nicolaus set a $103.00 price objective on shares of Limbach in a research report on Wednesday, March 12th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $102.67.

Limbach Profile

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.