Ritholtz Wealth Management Takes Position in CONCRETE PUMPING HOLDINGS, INC. (NASDAQ:BBCP)

Ritholtz Wealth Management bought a new stake in CONCRETE PUMPING HOLDINGS, INC. (NASDAQ:BBCP - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 90,847 shares of the company's stock, valued at approximately $496,000. Ritholtz Wealth Management owned 0.17% of CONCRETE PUMPING as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Two Sigma Advisers LP boosted its position in shares of CONCRETE PUMPING by 21.9% in the 4th quarter. Two Sigma Advisers LP now owns 130,900 shares of the company's stock worth $872,000 after purchasing an additional 23,500 shares during the last quarter. Seven Six Capital Management LLC bought a new position in shares of CONCRETE PUMPING in the 4th quarter worth $3,500,000. Raiffeisen Bank International AG bought a new position in shares of CONCRETE PUMPING in the 4th quarter worth $995,000. Cubist Systematic Strategies LLC bought a new position in shares of CONCRETE PUMPING in the 4th quarter worth $55,000. Finally, CastleKnight Management LP boosted its position in shares of CONCRETE PUMPING by 26.4% in the 4th quarter. CastleKnight Management LP now owns 118,500 shares of the company's stock worth $789,000 after purchasing an additional 24,751 shares during the last quarter. 34.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BBCP. Robert W. Baird reduced their price target on CONCRETE PUMPING from $6.50 to $6.00 and set a "neutral" rating on the stock in a research report on Friday, June 6th. DA Davidson set a $8.00 target price on CONCRETE PUMPING and gave the stock a "buy" rating in a report on Monday, June 9th.

CONCRETE PUMPING Stock Up 0.2%

BBCP stock opened at $5.98 on Friday. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.79 and a quick ratio of 1.68. The stock has a market capitalization of $311.14 million, a P/E ratio of 27.18 and a beta of 1.13. The business has a 50-day moving average of $6.51 and a 200-day moving average of $6.71. CONCRETE PUMPING HOLDINGS, INC. has a fifty-two week low of $4.78 and a fifty-two week high of $9.68.

CONCRETE PUMPING (NASDAQ:BBCP - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $99.02 million. On average, sell-side analysts anticipate that CONCRETE PUMPING HOLDINGS, INC. will post 0.43 earnings per share for the current fiscal year.

CONCRETE PUMPING declared that its Board of Directors has authorized a share buyback program on Thursday, June 5th that permits the company to buyback $15.00 million in outstanding shares. This buyback authorization permits the company to buy up to 4.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its shares are undervalued.

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.

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