Limbach Holdings, Inc. (NASDAQ:LMB) Short Interest Update

Limbach Holdings, Inc. (NASDAQ:LMB) saw a significant increase in short interest in August. As of August 31st, there was short interest totalling 90,200 shares, an increase of 22.4% from the August 15th total of 73,700 shares. Currently, 1.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 51,100 shares, the short-interest ratio is currently 1.8 days.

Shares of NASDAQ:LMB opened at $6.54 on Tuesday. The company has a fifty day moving average of $8.26 and a 200-day moving average of $9.56. The company has a market capitalization of $67.15 million, a PE ratio of 36.34, a price-to-earnings-growth ratio of 0.85 and a beta of 1.11. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.45 and a current ratio of 1.45. Limbach has a 52-week low of $6.23 and a 52-week high of $16.09.

Limbach (NASDAQ:LMB) last announced its quarterly earnings results on Thursday, August 12th. The construction company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.07). The company had revenue of $121.02 million for the quarter, compared to analyst estimates of $119.00 million. Limbach had a return on equity of 4.45% and a net margin of 0.26%. On average, equities analysts forecast that Limbach will post 0.7 EPS for the current fiscal year.

Several research analysts have commented on LMB shares. Zacks Investment Research downgraded shares of Limbach from a “hold” rating to a “sell” rating in a research report on Thursday, August 26th. Lake Street Capital boosted their price objective on shares of Limbach from $19.00 to $21.00 and gave the company a “buy” rating in a research report on Friday, August 13th.

Several large investors have recently made changes to their positions in LMB. O Shaughnessy Asset Management LLC grew its stake in shares of Limbach by 10.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 25,793 shares of the construction company’s stock worth $272,000 after purchasing an additional 2,442 shares during the last quarter. Northern Trust Corp grew its stake in shares of Limbach by 25.4% in the second quarter. Northern Trust Corp now owns 13,409 shares of the construction company’s stock worth $124,000 after purchasing an additional 2,714 shares during the last quarter. Squarepoint Ops LLC grew its stake in shares of Limbach by 25.0% in the second quarter. Squarepoint Ops LLC now owns 17,094 shares of the construction company’s stock worth $158,000 after purchasing an additional 3,421 shares during the last quarter. Bridgeway Capital Management LLC grew its stake in shares of Limbach by 6.7% in the second quarter. Bridgeway Capital Management LLC now owns 96,000 shares of the construction company’s stock worth $889,000 after purchasing an additional 6,000 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Limbach by 2.3% in the second quarter. Vanguard Group Inc. now owns 358,175 shares of the construction company’s stock worth $3,317,000 after purchasing an additional 7,931 shares during the last quarter. Institutional investors own 41.55% of the company’s stock.

Limbach Company Profile

Limbach Holdings, Inc engages in the provision of commercial specialty contractor 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; energy retrofits; and equipment upgrades.

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