Calamos Advisors LLC Has $2.05 Million Stake in Limbach Holdings, Inc. (NASDAQ:LMB)

Calamos Advisors LLC reduced its holdings in Limbach Holdings, Inc. (NASDAQ:LMB) by 14.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,009 shares of the construction company’s stock after selling 4,107 shares during the period. Calamos Advisors LLC owned approximately 0.21% of Limbach worth $2,054,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC raised its position in shares of Limbach by 21.7% in the 3rd quarter. FMR LLC now owns 40,543 shares of the construction company’s stock valued at $3,072,000 after acquiring an additional 7,239 shares during the period. Virtu Financial LLC acquired a new stake in Limbach in the third quarter worth $487,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Limbach during the third quarter worth $643,000. Barclays PLC grew its holdings in shares of Limbach by 385.4% in the 3rd quarter. Barclays PLC now owns 16,879 shares of the construction company’s stock valued at $1,278,000 after buying an additional 13,402 shares during the period. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Limbach in the 3rd quarter valued at $568,000. 55.85% of the stock is owned by institutional investors.

Insider Buying and Selling at Limbach

In related news, Director David Richard Gaboury purchased 531 shares of the stock in a transaction on Tuesday, December 10th. The shares were purchased at an average price of $94.51 per share, with a total value of $50,184.81. Following the transaction, the director now directly owns 2,071 shares of the company’s stock, valued at $195,730.21. This trade represents a 34.48 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 10.20% of the company’s stock.

Limbach Stock Up 7.4 %

Shares of Limbach stock opened at $96.48 on Wednesday. The firm has a market cap of $1.09 billion, a PE ratio of 43.85, a P/E/G ratio of 2.46 and a beta of 1.11. The business’s 50 day simple moving average is $94.50 and its 200 day simple moving average is $81.17. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.57 and a current ratio of 1.57. Limbach Holdings, Inc. has a 52-week low of $38.03 and a 52-week high of $107.00.

Limbach (NASDAQ:LMB) last posted its quarterly earnings data on Tuesday, November 5th. The construction company reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.05. The company had revenue of $133.90 million for the quarter, compared to the consensus estimate of $129.50 million. Limbach had a net margin of 5.08% and a return on equity of 20.16%. The firm’s revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company earned $0.61 earnings per share. On average, analysts predict that Limbach Holdings, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

LMB has been the subject of a number of research analyst reports. Roth Mkm boosted their target price on Limbach from $67.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, November 4th. Lake Street Capital increased their target price on Limbach from $100.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday. Stifel Nicolaus raised their target price on shares of Limbach from $110.00 to $117.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Finally, StockNews.com cut shares of Limbach from a “buy” rating to a “hold” rating in a report on Thursday, November 14th.

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.