Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Short Interest Down 19.1% in May

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP - Get Free Report) was the target of a large decline in short interest in May. As of May 15th, there was short interest totalling 612,100 shares, a decline of 19.1% from the April 30th total of 756,900 shares. Approximately 2.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 161,000 shares, the short-interest ratio is presently 3.8 days.

Analyst Upgrades and Downgrades

A number of research firms have commented on BBCP. Robert W. Baird dropped their price target on shares of Concrete Pumping from $7.00 to $6.50 and set a "neutral" rating on the stock in a research report on Wednesday, March 12th. DA Davidson lowered their price target on Concrete Pumping from $9.50 to $9.00 and set a "buy" rating for the company in a research note on Wednesday, March 12th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $7.44.

Insider Buying and Selling

In other news, CEO Bruce F. Young acquired 49,507 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were bought at an average price of $5.19 per share, for a total transaction of $256,941.33. Following the completion of the purchase, the chief executive officer now directly owns 1,722,622 shares of the company's stock, valued at approximately $8,940,408.18. This trade represents a 2.96% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 26.60% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in Concrete Pumping in the 4th quarter worth about $81,000. Jennison Associates LLC grew its position in shares of Concrete Pumping by 10.8% in the 4th quarter. Jennison Associates LLC now owns 1,722,754 shares of the company's stock worth $11,474,000 after buying an additional 167,262 shares during the last quarter. Empowered Funds LLC raised its position in shares of Concrete Pumping by 1.9% in the 4th quarter. Empowered Funds LLC now owns 310,132 shares of the company's stock worth $2,065,000 after acquiring an additional 5,750 shares in the last quarter. Keybank National Association OH boosted its stake in Concrete Pumping by 14.6% during the fourth quarter. Keybank National Association OH now owns 29,085 shares of the company's stock worth $194,000 after acquiring an additional 3,705 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Concrete Pumping by 8.4% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 152,121 shares of the company's stock worth $1,013,000 after acquiring an additional 11,765 shares in the last quarter. 34.20% of the stock is owned by institutional investors.

Concrete Pumping Stock Performance

NASDAQ:BBCP traded up $0.18 during mid-day trading on Tuesday, hitting $7.21. The stock had a trading volume of 77,819 shares, compared to its average volume of 134,839. The stock has a market cap of $382.50 million, a price-to-earnings ratio of 27.73 and a beta of 1.12. The company's 50 day simple moving average is $6.30 and its 200 day simple moving average is $6.72. Concrete Pumping has a twelve month low of $4.78 and a twelve month high of $9.68. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.89 and a current ratio of 1.99.

About Concrete Pumping

Concrete Pumping Holdings, Inc provides concrete pumping and waste management services in the United States and the United Kingdom. The company offers concrete pumping services to general contractors and concrete finishing companies in the commercial, infrastructure, and residential sectors under the Brundage-Bone and Capital Pumping brands; and industrial cleanup and containment services primarily to customers in the construction industry under the Eco-Pan brand.