AJOVista LLC Purchases Shares of 1,797 Limbach Holdings, Inc. (NASDAQ:LMB)

AJOVista LLC acquired a new stake in Limbach Holdings, Inc. (NASDAQ:LMB) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 1,797 shares of the construction company’s stock, valued at approximately $82,000.

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

Analyst Ratings Changes

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

Limbach Price Performance

Shares of NASDAQ:LMB traded up $0.46 during trading on Friday, reaching $45.31. 127,540 shares of the company traded hands, compared to its average volume of 146,268. The firm has a market capitalization of $510.64 million, a PE ratio of 25.46, a PEG ratio of 2.01 and a beta of 0.97. Limbach Holdings, Inc. has a 52 week low of $16.11 and a 52 week high of $52.96. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.16. The company’s 50 day moving average is $43.91 and its two-hundred day moving average is $40.98.

Limbach (NASDAQ:LMB) last released its 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 firm had revenue of $142.69 million for the quarter, compared to analyst estimates of $131.25 million. As a group, sell-side analysts predict that Limbach Holdings, Inc. will post 1.88 earnings per share for the current year.

Limbach 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.