Wittenberg Investment Management Inc. Has $1.92 Million Stock Holdings in Limbach Holdings Inc (NASDAQ:LMB)

Wittenberg Investment Management Inc. lessened its stake in Limbach Holdings Inc (NASDAQ:LMB) by 1.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 211,376 shares of the construction company’s stock after selling 3,900 shares during the quarter. Limbach accounts for about 0.8% of Wittenberg Investment Management Inc.’s holdings, making the stock its 27th biggest position. Wittenberg Investment Management Inc. owned approximately 2.77% of Limbach worth $1,924,000 as of its most recent filing with the SEC.

Separately, Dimensional Fund Advisors LP increased its stake in Limbach by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 522,440 shares of the construction company’s stock valued at $1,923,000 after buying an additional 12,089 shares during the period. 29.19% of the stock is owned by institutional investors and hedge funds.

Shares of LMB traded up $0.13 during mid-day trading on Friday, hitting $8.78. 14,751 shares of the company’s stock were exchanged, compared to its average volume of 44,497. The firm’s fifty day simple moving average is $8.70. Limbach Holdings Inc has a twelve month low of $3.56 and a twelve month high of $12.18. The firm has a market capitalization of $67.87 million, a PE ratio of -16.88, a price-to-earnings-growth ratio of 0.52 and a beta of 1.48. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.70.

Limbach (NASDAQ:LMB) last announced its quarterly earnings results on Wednesday, May 15th. The construction company reported $0.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.37. Limbach had a net margin of 0.49% and a return on equity of 5.95%. The company had revenue of $133.95 million for the quarter, compared to analyst estimates of $129.00 million. As a group, equities research analysts forecast that Limbach Holdings Inc will post 1.07 EPS for the current year.

LMB has been the topic of several analyst reports. TheStreet upgraded shares of Limbach from a “d+” rating to a “c” rating in a research note on Wednesday, May 29th. Roth Capital upgraded shares of Limbach from a “neutral” rating to a “buy” rating and increased their price target for the stock from $7.00 to $10.00 in a research note on Wednesday, April 17th. Finally, Zacks Investment Research upgraded shares of Limbach from a “hold” rating to a “buy” rating and set a $8.25 price target on the stock in a research note on Wednesday, April 17th.

In related news, insider 1347 Investors Llc sold 545,785 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $10.63, for a total transaction of $5,801,694.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders have sold 1,104,547 shares of company stock valued at $11,244,790. 41.90% of the stock is owned by insiders.

Limbach Profile

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.

Further Reading: Why are analyst ratings important in trading stocks?

Want to see what other hedge funds are holding LMB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Limbach Holdings Inc (NASDAQ:LMB).

Institutional Ownership by Quarter for Limbach (NASDAQ:LMB)

Receive News & Ratings for Limbach Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Limbach and related companies with MarketBeat.com's FREE daily email newsletter.