Jennison Associates LLC Sells 154,915 Shares of Concrete Pumping Holdings, Inc. (NASDAQ:BBCP)

Jennison Associates LLC lowered its holdings in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP - Free Report) by 8.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,667,910 shares of the company's stock after selling 154,915 shares during the quarter. Jennison Associates LLC owned about 3.10% of Concrete Pumping worth $13,677,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of BBCP. Bank of New York Mellon Corp boosted its stake in Concrete Pumping by 4.6% in the third quarter. Bank of New York Mellon Corp now owns 101,213 shares of the company's stock worth $868,000 after purchasing an additional 4,482 shares in the last quarter. Jump Financial LLC bought a new stake in shares of Concrete Pumping in the third quarter worth about $117,000. New York State Common Retirement Fund increased its holdings in shares of Concrete Pumping by 2.2% in the third quarter. New York State Common Retirement Fund now owns 455,444 shares of the company's stock worth $3,908,000 after acquiring an additional 9,820 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Concrete Pumping by 8.7% in the third quarter. Janney Montgomery Scott LLC now owns 47,521 shares of the company's stock worth $408,000 after acquiring an additional 3,795 shares in the last quarter. Finally, EAM Investors LLC bought a new stake in shares of Concrete Pumping in the third quarter worth about $1,502,000. Institutional investors and hedge funds own 34.20% of the company's stock.

Insider Buying and Selling

In related news, CEO Bruce F. Young sold 5,000 shares of the stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $7.09, for a total transaction of $35,450.00. Following the completion of the transaction, the chief executive officer now directly owns 2,049,275 shares in the company, valued at $14,529,359.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 27.40% of the stock is owned by corporate insiders.

Concrete Pumping Trading Up 3.2 %

Shares of Concrete Pumping stock traded up $0.21 during trading hours on Friday, hitting $6.81. The company's stock had a trading volume of 57,075 shares, compared to its average volume of 76,206. Concrete Pumping Holdings, Inc. has a 12 month low of $6.12 and a 12 month high of $9.15. The stock has a 50 day moving average of $7.69 and a 200 day moving average of $7.78. The company has a market capitalization of $366.85 million, a PE ratio of 18.86 and a beta of 1.08. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.10 and a quick ratio of 1.01.

Concrete Pumping (NASDAQ:BBCP - Get Free Report) last announced its quarterly earnings results 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). The business had revenue of $97.71 million during the quarter, compared to the consensus estimate of $98.25 million. Concrete Pumping had a return on equity of 7.76% and a net margin of 4.81%. Analysts predict that Concrete Pumping Holdings, Inc. will post 0.45 earnings per share for the current year.

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.