Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Short Interest Update

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP - Get Free Report) was the recipient of a large decrease in short interest in March. As of March 31st, there was short interest totalling 571,700 shares, a decrease of 16.4% from the March 15th total of 683,600 shares. Approximately 1.5% of the company's shares are short sold. Based on an average daily trading volume, of 79,000 shares, the days-to-cover ratio is presently 7.2 days.

Concrete Pumping Trading Down 2.7 %

NASDAQ:BBCP traded down $0.20 during trading hours on Friday, hitting $7.27. 74,518 shares of the stock were exchanged, compared to its average volume of 91,576. The company's 50 day moving average is $7.93 and its two-hundred day moving average is $7.88. Concrete Pumping has a twelve month low of $6.12 and a twelve month high of $9.15. The company has a quick ratio of 1.01, a current ratio of 1.10 and a debt-to-equity ratio of 1.21. The company has a market capitalization of $391.63 million, a P/E ratio of 20.77 and a beta of 1.08.

Concrete Pumping (NASDAQ:BBCP - Get Free Report) last posted its quarterly earnings data on Thursday, March 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.05). Concrete Pumping had a return on equity of 7.76% and a net margin of 4.81%. The firm had revenue of $97.71 million for the quarter, compared to analyst estimates of $98.25 million. On average, sell-side analysts anticipate that Concrete Pumping will post 0.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Concrete Pumping by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 1,949,732 shares of the company's stock valued at $15,988,000 after purchasing an additional 31,018 shares during the period. Legal & General Group Plc lifted its stake in shares of Concrete Pumping by 339.6% in the 4th quarter. Legal & General Group Plc now owns 11,302 shares of the company's stock valued at $93,000 after purchasing an additional 8,731 shares during the period. Barclays PLC lifted its stake in shares of Concrete Pumping by 194.7% in the 4th quarter. Barclays PLC now owns 61,205 shares of the company's stock valued at $502,000 after purchasing an additional 40,437 shares during the period. Bridgeway Capital Management LLC lifted its stake in shares of Concrete Pumping by 4.2% in the 4th quarter. Bridgeway Capital Management LLC now owns 560,982 shares of the company's stock valued at $4,600,000 after purchasing an additional 22,357 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Concrete Pumping by 12.4% in the 4th quarter. Northern Trust Corp now owns 234,243 shares of the company's stock valued at $1,921,000 after purchasing an additional 25,823 shares during the period. Institutional investors and hedge funds own 34.20% of the company's stock.

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.