Limbach Holdings Inc (NASDAQ:LMB) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totalling 70,100 shares, a decline of 35.6% from the August 30th total of 108,800 shares. Currently, 1.2% of the company’s shares are sold short. Based on an average trading volume of 63,000 shares, the days-to-cover ratio is currently 1.1 days.
Shares of LMB traded up $0.12 during mid-day trading on Friday, reaching $4.80. The company’s stock had a trading volume of 11,967 shares, compared to its average volume of 21,859. The stock has a market cap of $36.38 million, a PE ratio of -9.23, a P/E/G ratio of 0.51 and a beta of 1.75. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.83. Limbach has a 52 week low of $3.56 and a 52 week high of $11.45. The company’s fifty day moving average price is $4.83 and its two-hundred day moving average price is $7.56.
Limbach (NASDAQ:LMB) last announced its quarterly earnings data on Wednesday, August 14th. The construction company reported ($0.13) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.32). The business had revenue of $132.75 million during the quarter, compared to the consensus estimate of $138.00 million. Limbach had a return on equity of 2.21% and a net margin of 0.09%. Research analysts anticipate that Limbach will post 0.78 EPS for the current year.
LMB has been the subject of a number of recent research reports. TheStreet lowered shares of Limbach from a “c” rating to a “d” rating in a report on Friday, September 6th. DA Davidson lowered their price objective on shares of Limbach to $9.00 and set a “buy” rating for the company in a report on Monday, August 19th. Finally, Zacks Investment Research lowered shares of Limbach from a “hold” rating to a “strong sell” rating in a report on Thursday, August 22nd.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Advisor Group Inc. increased its stake in shares of Limbach by 438.4% in the second quarter. Advisor Group Inc. now owns 2,886 shares of the construction company’s stock worth $26,000 after buying an additional 2,350 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Limbach by 690.0% in the second quarter. JPMorgan Chase & Co. now owns 7,900 shares of the construction company’s stock worth $65,000 after buying an additional 6,900 shares during the period. Bailard Inc. purchased a new position in shares of Limbach in the second quarter worth $194,000. Marshall Wace LLP purchased a new position in shares of Limbach in the second quarter worth $261,000. Finally, Alambic Investment Management L.P. increased its stake in shares of Limbach by 44.7% in the second quarter. Alambic Investment Management L.P. now owns 34,641 shares of the construction company’s stock worth $315,000 after buying an additional 10,700 shares during the period. 36.30% of the stock is currently owned by institutional investors.
Limbach Holdings, Inc provides commercial specialty contract services in the United States. It operates in two segments, Construction and Service. The company provides 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; and equipment upgrades.
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