Los Angeles Capital Management LLC Makes New Investment in Limbach Holdings, Inc. (NASDAQ:LMB)

Los Angeles Capital Management LLC acquired a new stake in Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 25,782 shares of the construction company's stock, valued at approximately $1,172,000. Los Angeles Capital Management LLC owned 0.23% of Limbach at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. SG Americas Securities LLC acquired a new position in Limbach during the 3rd quarter worth about $117,000. Commonwealth Equity Services LLC bought a new stake in shares of Limbach during the third quarter valued at approximately $493,000. Raymond James & Associates bought a new stake in shares of Limbach during the third quarter valued at approximately $279,000. Bank of New York Mellon Corp increased its holdings in shares of Limbach by 1.9% in the third quarter. Bank of New York Mellon Corp now owns 28,047 shares of the construction company's stock valued at $890,000 after purchasing an additional 531 shares in the last quarter. Finally, Strs Ohio raised its position in Limbach by 400.0% in the 3rd quarter. Strs Ohio now owns 9,500 shares of the construction company's stock worth $301,000 after purchasing an additional 7,600 shares during the last quarter. 55.85% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Limbach from a "strong-buy" rating to a "buy" rating in a research report on Saturday, April 13th.

Limbach Stock Down 1.5 %

NASDAQ LMB traded down $0.71 during trading on Thursday, hitting $47.67. The stock had a trading volume of 404,653 shares, compared to its average volume of 176,379. Limbach Holdings, Inc. has a 12 month low of $18.36 and a 12 month high of $52.96. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.50 and a current ratio of 1.50. The company's 50-day moving average price is $43.91 and its two-hundred day moving average price is $41.41. The company has a market capitalization of $537.15 million, a PE ratio of 26.78, a P/E/G ratio of 2.01 and a beta of 0.97.

Limbach (NASDAQ:LMB - Get Free Report) last announced its quarterly earnings data on Wednesday, March 13th. The construction company reported $0.44 EPS for the quarter. The business had revenue of $142.69 million for the quarter, compared to analyst estimates of $131.25 million. Limbach had a net margin of 4.02% and a return on equity of 18.87%. As a group, sell-side analysts forecast that Limbach Holdings, Inc. will post 1.88 EPS for the current year.

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.