Ritholtz Wealth Management Takes $496,000 Position in CONCRETE PUMPING HOLDINGS, INC. (NASDAQ:BBCP)

Ritholtz Wealth Management acquired a new position in CONCRETE PUMPING HOLDINGS, INC. (NASDAQ:BBCP - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 90,847 shares of the company's stock, valued at approximately $496,000. Ritholtz Wealth Management owned about 0.17% of CONCRETE PUMPING as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the business. Cubist Systematic Strategies LLC bought a new stake in shares of CONCRETE PUMPING during the fourth quarter valued at approximately $55,000. MetLife Investment Management LLC boosted its position in shares of CONCRETE PUMPING by 54.0% during the fourth quarter. MetLife Investment Management LLC now owns 11,202 shares of the company's stock valued at $75,000 after purchasing an additional 3,928 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new stake in shares of CONCRETE PUMPING during the fourth quarter valued at approximately $75,000. Wells Fargo & Company MN boosted its position in shares of CONCRETE PUMPING by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 13,968 shares of the company's stock valued at $93,000 after purchasing an additional 3,042 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in shares of CONCRETE PUMPING by 6.5% during the fourth quarter. Marshall Wace LLP now owns 24,993 shares of the company's stock valued at $166,000 after purchasing an additional 1,529 shares in the last quarter. 34.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on BBCP shares. DA Davidson set a $8.00 price target on CONCRETE PUMPING and gave the company a "buy" rating in a research report on Monday, June 9th. Robert W. Baird dropped their target price on CONCRETE PUMPING from $6.50 to $6.00 and set a "neutral" rating on the stock in a report on Friday, June 6th.

CONCRETE PUMPING Stock Up 6.0%

CONCRETE PUMPING stock traded up $0.35 during mid-day trading on Monday, hitting $6.21. The company had a trading volume of 102,437 shares, compared to its average volume of 136,022. The company has a current ratio of 1.79, a quick ratio of 1.68 and a debt-to-equity ratio of 1.59. The stock's 50 day moving average price is $6.52 and its two-hundred day moving average price is $6.68. CONCRETE PUMPING HOLDINGS, INC. has a 12 month low of $4.78 and a 12 month high of $9.68. The company has a market capitalization of $323.11 million, a PE ratio of 28.23 and a beta of 1.13.

CONCRETE PUMPING (NASDAQ:BBCP - Get Free Report) last released its earnings results on Thursday, June 5th. The company reported ($0.01) EPS 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 company had revenue of $93.96 million during the quarter, compared to the consensus estimate of $99.02 million. As a group, 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 initiated 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 purchase up to 4.7% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board of directors believes its stock is undervalued.

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.