Limbach Holdings, Inc. (NASDAQ:LMB) Stock Position Lifted by Panagora Asset Management Inc.

Panagora Asset Management Inc. boosted its position in shares of Limbach Holdings, Inc. (NASDAQ:LMB) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,436 shares of the construction company’s stock after buying an additional 320 shares during the quarter. Panagora Asset Management Inc. owned 0.21% of Limbach worth $1,066,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of LMB. Invesco Ltd. lifted its holdings in shares of Limbach by 691.1% during the third quarter. Invesco Ltd. now owns 308,853 shares of the construction company’s stock valued at $9,800,000 after purchasing an additional 269,814 shares during the last quarter. Acadian Asset Management LLC lifted its stake in 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 in the last quarter. Trexquant Investment LP purchased a new stake in Limbach in the 3rd quarter worth about $1,229,000. Knights of Columbus Asset Advisors LLC lifted its stake in Limbach by 103.0% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 62,890 shares of the construction company’s stock worth $2,860,000 after acquiring an additional 31,906 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in Limbach in the 4th quarter worth about $1,172,000. 55.85% of the stock is owned by hedge funds and other institutional investors.

Limbach Stock Up 4.5 %

Shares of Limbach stock opened at $55.95 on Thursday. The stock has a 50-day moving average price of $43.99 and a 200 day moving average price of $42.85. The company has a market cap of $625.52 million, a P/E ratio of 26.02, a P/E/G ratio of 2.37 and a beta of 0.97. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.15. Limbach Holdings, Inc. has a 1 year low of $19.92 and a 1 year high of $56.45.

Limbach (NASDAQ:LMB) last posted its quarterly earnings results on Wednesday, March 13th. The construction company reported $0.44 earnings per share for the quarter. Limbach had a return on equity of 21.75% and a net margin of 4.93%. The company had revenue of $142.69 million during the quarter, compared to the consensus estimate of $131.25 million. As a group, analysts expect that Limbach Holdings, Inc. will post 1.88 EPS for the current fiscal year.

Analyst Ratings Changes

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

Insider Transactions at Limbach

In other news, CEO Michael M. Mccann purchased 2,099 shares of the business’s stock in a transaction dated Friday, May 17th. The stock was bought at an average cost of $47.77 per share, with a total value of $100,269.23. Following the purchase, the chief executive officer now directly owns 44,233 shares of the company’s stock, valued at $2,113,010.41. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Michael F. Mcnally sold 7,973 shares of the stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $50.16, for a total transaction of $399,925.68. Following the transaction, the director now owns 56,509 shares of the company’s stock, valued at approximately $2,834,491.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael M. Mccann acquired 2,099 shares of the stock in a transaction dated Friday, May 17th. The shares were bought at an average cost of $47.77 per share, for a total transaction of $100,269.23. Following the acquisition, the chief executive officer now owns 44,233 shares in the company, valued at approximately $2,113,010.41. The disclosure for this purchase can be found here. Company insiders own 10.20% of the company’s stock.

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.