Renaissance Technologies LLC Has $30.65 Million Stake in Limbach Holdings, Inc. (NASDAQ:LMB)

Renaissance Technologies LLC decreased its holdings in shares of Limbach Holdings, Inc. (NASDAQ:LMB - Free Report) by 1.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 358,271 shares of the construction company's stock after selling 3,800 shares during the period. Renaissance Technologies LLC owned approximately 3.18% of Limbach worth $30,647,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in LMB. FMR LLC raised its holdings in Limbach by 21.7% in the third quarter. FMR LLC now owns 40,543 shares of the construction company's stock worth $3,072,000 after purchasing an additional 7,239 shares during the period. Virtu Financial LLC acquired a new stake in Limbach during the 3rd quarter worth $487,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Limbach during the third quarter worth about $643,000. Barclays PLC grew its stake in Limbach by 385.4% in the third quarter. Barclays PLC now owns 16,879 shares of the construction company's stock valued at $1,278,000 after acquiring an additional 13,402 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in shares of Limbach in the third quarter worth about $262,000. Institutional investors and hedge funds own 55.85% of the company's stock.

Insiders Place Their Bets

In other news, Director Joshua Horowitz sold 25,400 shares of the business's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $75.43, for a total transaction of $1,915,922.00. Following the transaction, the director now directly owns 164,600 shares in the company, valued at $12,415,778. The trade was a 13.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 10.20% of the company's stock.

Limbach Stock Up 0.8 %

Shares of LMB stock traded up $0.66 on Thursday, hitting $85.82. 172,251 shares of the stock were exchanged, compared to its average volume of 168,382. The business has a 50-day moving average of $79.69 and a 200 day moving average of $86.77. Limbach Holdings, Inc. has a fifty-two week low of $38.70 and a fifty-two week high of $107.00. The firm has a market capitalization of $974.31 million, a P/E ratio of 39.01, a price-to-earnings-growth ratio of 2.22 and a beta of 1.01. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.14.

Limbach (NASDAQ:LMB - Get Free Report) last issued its quarterly earnings results on Monday, March 10th. The construction company reported $1.15 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.31. Limbach had a net margin of 5.08% and a return on equity of 20.16%. The company had revenue of $143.70 million during the quarter, compared to analysts' expectations of $149.37 million. During the same period last year, the business earned $0.68 EPS. The business's quarterly revenue was up .7% on a year-over-year basis. Equities analysts anticipate that Limbach Holdings, Inc. will post 2.54 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on LMB. Stifel Nicolaus set a $103.00 price objective on Limbach in a report on Wednesday, March 12th. Lake Street Capital lifted their price target on shares of Limbach from $100.00 to $125.00 and gave the company a "buy" rating in a research note on Tuesday, February 4th.

About Limbach

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.