Calamos Advisors LLC Reduces Stock Holdings in Limbach Holdings, Inc. (NASDAQ:LMB)

Calamos Advisors LLC decreased its holdings in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 18.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,461 shares of the construction company's stock after selling 4,548 shares during the period. Calamos Advisors LLC owned about 0.17% of Limbach worth $1,449,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in Limbach by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 604,397 shares of the construction company's stock worth $51,700,000 after buying an additional 3,001 shares during the period. Wasatch Advisors LP increased its stake in Limbach by 0.4% in the 4th quarter. Wasatch Advisors LP now owns 374,382 shares of the construction company's stock worth $32,025,000 after buying an additional 1,546 shares during the period. First Trust Advisors LP increased its stake in Limbach by 67.5% in the 4th quarter. First Trust Advisors LP now owns 322,396 shares of the construction company's stock worth $27,578,000 after buying an additional 129,869 shares during the period. Rockefeller Capital Management L.P. increased its position in shares of Limbach by 41.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 216,567 shares of the construction company's stock worth $18,525,000 after acquiring an additional 62,987 shares during the period. Finally, Bessemer Group Inc. purchased a new position in shares of Limbach during the first quarter worth approximately $11,705,000. Hedge funds and other institutional investors own 55.85% of the company's stock.

Limbach Stock Down 3.5%

NASDAQ LMB traded down $5.15 during trading on Tuesday, reaching $143.11. 39,581 shares of the company's stock traded hands, compared to its average volume of 182,895. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 50.93, a price-to-earnings-growth ratio of 2.84 and a beta of 1.19. The company's 50 day simple moving average is $129.77 and its two-hundred day simple moving average is $101.31. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.55 and a quick ratio of 1.55. Limbach Holdings, Inc. has a 12-month low of $48.17 and a 12-month high of $154.05.

Limbach (NASDAQ:LMB - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The construction company reported $1.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.82. Limbach had a return on equity of 27.66% and a net margin of 6.29%. The business had revenue of $133.11 million for the quarter, compared to the consensus estimate of $121.06 million. During the same period last year, the business posted $0.69 EPS. The business's revenue was up 11.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Limbach Holdings, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity

In other news, insider Jay Sharp sold 2,000 shares of Limbach stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $137.49, for a total value of $274,980.00. Following the transaction, the insider owned 69,877 shares of the company's stock, valued at $9,607,388.73. The trade was a 2.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 10.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on LMB shares. Roth Capital reaffirmed a "buy" rating on shares of Limbach in a research report on Wednesday, May 7th. Stifel Nicolaus raised their price objective on Limbach from $141.00 to $151.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Finally, Lake Street Capital raised their price target on Limbach from $125.00 to $156.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $129.00.

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.