Calamos Advisors LLC Sells 4,107 Shares of Limbach Holdings, Inc. (NASDAQ:LMB)

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

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. American Capital Advisory LLC bought a new position in shares of Limbach during the 3rd quarter worth approximately $25,000. nVerses Capital LLC bought a new position in Limbach during the third quarter worth $53,000. Quest Partners LLC acquired a new position in shares of Limbach in the third quarter valued at $207,000. Harbor Capital Advisors Inc. raised its position in shares of Limbach by 6.3% in the third quarter. Harbor Capital Advisors Inc. now owns 2,736 shares of the construction company’s stock valued at $207,000 after purchasing an additional 162 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Limbach during the 3rd quarter worth about $262,000. Institutional investors own 55.85% of the company’s stock.

Limbach Trading Up 7.4 %

Shares of NASDAQ:LMB opened at $96.48 on Wednesday. The company has a market capitalization of $1.09 billion, a P/E ratio of 43.85, a P/E/G ratio of 2.46 and a beta of 1.11. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.57 and a quick ratio of 1.57. The business’s 50 day simple moving average is $94.50 and its 200 day simple moving average is $81.17. Limbach Holdings, Inc. has a 1 year low of $38.03 and a 1 year high of $107.00.

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

Insiders Place Their Bets

In other Limbach news, Director David Richard Gaboury bought 531 shares of Limbach 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 acquisition, the director now owns 2,071 shares in the company, valued at $195,730.21. This trade represents a 34.48 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 10.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on LMB shares. Lake Street Capital increased their price target on shares of Limbach from $100.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday. Roth Mkm lifted their price target on Limbach from $67.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Stifel Nicolaus upped their price objective on Limbach from $110.00 to $117.00 and gave the company a “buy” rating in a report on Friday, January 24th. Finally, StockNews.com downgraded Limbach from a “buy” rating to a “hold” rating in a report on Thursday, November 14th.

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.