AJOVista LLC Makes New $82,000 Investment in Limbach Holdings, Inc. (NASDAQ:LMB)

AJOVista LLC acquired a new stake in shares of Limbach Holdings, Inc. (NASDAQ:LMB) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 1,797 shares of the construction company’s stock, valued at approximately $82,000.

Other large investors have also recently made changes to their positions in the company. New York State Teachers Retirement System bought a new stake in Limbach during the 4th quarter worth approximately $38,000. SG Americas Securities LLC bought a new stake in shares of Limbach during the 3rd quarter valued at $117,000. Meeder Asset Management Inc. purchased a new position in shares of Limbach during the 4th quarter valued at $172,000. Public Employees Retirement System of Ohio bought a new position in Limbach in the 3rd quarter worth $143,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Limbach in the 3rd quarter worth $206,000. 55.85% of the stock is owned by hedge funds and other institutional investors.

Limbach Price Performance

Shares of LMB stock traded up $0.46 during mid-day trading on Friday, hitting $45.31. The company had a trading volume of 127,540 shares, compared to its average volume of 146,268. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.50 and a quick ratio of 1.50. The stock’s 50 day moving average price is $43.91 and its 200-day moving average price is $40.98. Limbach Holdings, Inc. has a 52-week low of $16.11 and a 52-week high of $52.96. The company has a market capitalization of $510.64 million, a P/E ratio of 25.46, a P/E/G ratio of 2.01 and a beta of 0.97.

Limbach (NASDAQ:LMB) last announced its quarterly earnings results on Wednesday, March 13th. The construction company reported $0.44 EPS for the quarter. Limbach had a net margin of 4.02% and a return on equity of 18.87%. The business had revenue of $142.69 million for the quarter, compared to analysts’ expectations of $131.25 million. Equities research analysts forecast that Limbach Holdings, Inc. will post 1.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Limbach from a “strong-buy” rating to a “buy” rating in a research note on Saturday, April 13th.

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.