Los Angeles Capital Management LLC Invests $1.17 Million in Limbach Holdings, Inc. (NASDAQ:LMB)

Los Angeles Capital Management LLC acquired a new position in Limbach Holdings, Inc. (NASDAQ:LMB) in the 4th quarter, Holdings Channel reports. The firm acquired 25,782 shares of the construction company’s stock, valued at approximately $1,172,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Acadian Asset Management LLC lifted its holdings in shares of Limbach by 39.1% in the 3rd quarter. Acadian Asset Management LLC now owns 316,871 shares of the construction company’s stock worth $10,049,000 after acquiring an additional 89,068 shares during the last quarter. Invesco Ltd. lifted its stake in Limbach by 691.1% during the third quarter. Invesco Ltd. now owns 308,853 shares of the construction company’s stock worth $9,800,000 after purchasing an additional 269,814 shares in the last quarter. Knights of Columbus Asset Advisors LLC boosted its position in shares of Limbach by 103.0% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 62,890 shares of the construction company’s stock worth $2,860,000 after buying an additional 31,906 shares during the period. Trexquant Investment LP acquired a new stake in shares of Limbach in the third quarter valued at $1,229,000. Finally, SummerHaven Investment Management LLC raised its holdings in shares of Limbach by 0.9% in the 4th quarter. SummerHaven Investment Management LLC now owns 28,453 shares of the construction company’s stock valued at $1,294,000 after buying an additional 252 shares during the period. Institutional investors and hedge funds own 55.85% of the company’s stock.

Limbach Stock Performance

Shares of LMB stock opened at $48.38 on Thursday. Limbach Holdings, Inc. has a 52 week low of $17.98 and a 52 week high of $52.96. The firm has a 50 day moving average of $43.94 and a two-hundred day moving average of $41.37. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $545.15 million, a PE ratio of 27.18, a P/E/G ratio of 2.01 and a beta of 0.97.

Limbach (NASDAQ:LMB) last released its earnings results on Wednesday, March 13th. The construction company reported $0.44 EPS for the quarter. The firm had revenue of $142.69 million during the quarter, compared to analysts’ expectations of $131.25 million. Limbach had a return on equity of 18.87% and a net margin of 4.02%. On average, research analysts predict that Limbach Holdings, Inc. will post 1.88 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Limbach from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 13th.

Limbach Company 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.