CONCRETE PUMPING HOLDINGS, INC. (NASDAQ:BBCP) Shares Sold by Millennium Management LLC

Millennium Management LLC decreased its stake in CONCRETE PUMPING HOLDINGS, INC. (NASDAQ:BBCP - Free Report) by 68.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,088 shares of the company's stock after selling 42,194 shares during the quarter. Millennium Management LLC's holdings in CONCRETE PUMPING were worth $127,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Cubist Systematic Strategies LLC bought a new stake in CONCRETE PUMPING in the fourth quarter worth about $55,000. MetLife Investment Management LLC raised its holdings in shares of CONCRETE PUMPING by 54.0% in the fourth quarter. MetLife Investment Management LLC now owns 11,202 shares of the company's stock worth $75,000 after buying an additional 3,928 shares during the period. O Shaughnessy Asset Management LLC bought a new stake in shares of CONCRETE PUMPING during the 4th quarter worth approximately $75,000. SG Americas Securities LLC purchased a new position in CONCRETE PUMPING during the 4th quarter valued at $81,000. Finally, Wells Fargo & Company MN boosted its holdings in CONCRETE PUMPING by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 13,968 shares of the company's stock valued at $93,000 after acquiring an additional 3,042 shares during the period. Institutional investors own 34.20% of the company's stock.

CONCRETE PUMPING Trading Down 3.7%

Shares of NASDAQ BBCP traded down $0.23 during trading hours on Tuesday, reaching $5.97. The stock had a trading volume of 87,829 shares, compared to its average volume of 135,731. CONCRETE PUMPING HOLDINGS, INC. has a 52-week low of $4.78 and a 52-week high of $9.68. The firm has a market cap of $310.62 million, a price-to-earnings ratio of 27.14 and a beta of 1.13. The business's fifty day moving average price is $6.50 and its two-hundred day moving average price is $6.72. The company has a current ratio of 1.79, a quick ratio of 1.68 and a debt-to-equity ratio of 1.59.

CONCRETE PUMPING (NASDAQ:BBCP - Get Free Report) last issued its earnings results on Thursday, June 5th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.04). CONCRETE PUMPING had a return on equity of 5.33% and a net margin of 3.57%. The firm had revenue of $93.96 million during the quarter, compared to analysts' expectations of $99.02 million. Analysts expect that CONCRETE PUMPING HOLDINGS, INC. will post 0.43 EPS for the current fiscal year.

CONCRETE PUMPING declared that its board has approved a share repurchase plan on Thursday, June 5th that allows the company to buyback $15.00 million in outstanding shares. This buyback authorization allows the company to buy up to 4.7% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Robert W. Baird lowered their target price on shares of CONCRETE PUMPING from $6.50 to $6.00 and set a "neutral" rating for the company in a research note on Friday, June 6th. DA Davidson set a $8.00 price objective on shares of CONCRETE PUMPING and gave the company a "buy" rating in a report on Monday, June 9th.

CONCRETE PUMPING Profile

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.