O Shaughnessy Asset Management LLC Sells 7,396 Shares of Limbach Holdings, Inc. (NASDAQ:LMB)

O Shaughnessy Asset Management LLC lowered its position in shares of Limbach Holdings, Inc. (NASDAQ:LMB) by 28.7% during the second quarter, HoldingsChannel reports. The fund owned 18,397 shares of the construction company’s stock after selling 7,396 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Limbach were worth $170,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of LMB. Kirr Marbach & Co. LLC IN bought a new stake in shares of Limbach in the 2nd quarter valued at about $93,000. Adirondack Retirement Specialists Inc. grew its position in shares of Limbach by 7.2% in the 2nd quarter. Adirondack Retirement Specialists Inc. now owns 189,636 shares of the construction company’s stock valued at $5,461,000 after buying an additional 12,796 shares during the last quarter. Morgan Stanley grew its position in shares of Limbach by 2,169.7% in the 1st quarter. Morgan Stanley now owns 14,753 shares of the construction company’s stock valued at $156,000 after buying an additional 14,103 shares during the last quarter. North Run Capital LP bought a new stake in shares of Limbach in the 1st quarter valued at about $5,861,000. Finally, Jane Street Group LLC bought a new stake in shares of Limbach in the 1st quarter valued at about $111,000. Institutional investors and hedge funds own 41.55% of the company’s stock.

A number of equities research analysts have commented on LMB shares. Zacks Investment Research lowered Limbach from a “hold” rating to a “sell” rating in a research report on Thursday, August 26th. Lake Street Capital upped their price target on Limbach from $19.00 to $21.00 and gave the company a “buy” rating in a research report on Friday, August 13th.

Shares of NASDAQ:LMB opened at $6.54 on Tuesday. The company has a market capitalization of $67.15 million, a price-to-earnings ratio of 36.34, a P/E/G ratio of 0.85 and a beta of 1.11. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.45 and a quick ratio of 1.45. The business’s 50-day moving average is $8.26 and its 200-day moving average is $9.56. Limbach Holdings, Inc. has a 1 year low of $6.23 and a 1 year high of $16.09.

Limbach (NASDAQ:LMB) last announced its quarterly earnings data on Thursday, August 12th. The construction company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.07). The business had revenue of $121.02 million during the quarter, compared to analyst estimates of $119.00 million. Limbach had a net margin of 0.26% and a return on equity of 4.45%. Analysts anticipate that Limbach Holdings, Inc. will post 0.7 EPS for the current year.

About Limbach

Limbach Holdings, Inc engages in the provision of commercial specialty contractor services in the areas of heating, ventilation, air-conditioning (HVAC); plumbing; electrical and building controls for the design and construction of new and renovated buildings; maintenance services; energy retrofits; and equipment upgrades.

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Institutional Ownership by Quarter for Limbach (NASDAQ:LMB)

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