Raiffeisen Bank International AG bought a new position in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 150,990 shares of the company's stock, valued at approximately $995,000. Raiffeisen Bank International AG owned about 0.28% of Concrete Pumping as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the stock. Jennison Associates LLC boosted its stake in shares of Concrete Pumping by 10.8% in the fourth quarter. Jennison Associates LLC now owns 1,722,754 shares of the company's stock worth $11,474,000 after buying an additional 167,262 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Concrete Pumping by 3.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,698,941 shares of the company's stock worth $11,315,000 after purchasing an additional 56,048 shares in the last quarter. Royce & Associates LP boosted its position in Concrete Pumping by 13.9% during the fourth quarter. Royce & Associates LP now owns 1,448,577 shares of the company's stock worth $9,648,000 after purchasing an additional 176,490 shares in the last quarter. Empowered Funds LLC boosted its position in Concrete Pumping by 1.9% during the fourth quarter. Empowered Funds LLC now owns 310,132 shares of the company's stock worth $2,065,000 after purchasing an additional 5,750 shares in the last quarter. Finally, JB Capital Partners LP grew its position in shares of Concrete Pumping by 17.0% in the fourth quarter. JB Capital Partners LP now owns 282,100 shares of the company's stock valued at $1,879,000 after purchasing an additional 41,000 shares during the period. Hedge funds and other institutional investors own 34.20% of the company's stock.
Concrete Pumping Price Performance
BBCP traded down $0.06 on Tuesday, reaching $7.13. 44,579 shares of the company's stock were exchanged, compared to its average volume of 138,241. The stock has a market cap of $378.25 million, a PE ratio of 27.42 and a beta of 1.12. Concrete Pumping Holdings, Inc. has a twelve month low of $4.78 and a twelve month high of $9.68. The stock's fifty day moving average price is $6.02 and its 200-day moving average price is $6.61. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.99 and a quick ratio of 1.89.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on BBCP shares. DA Davidson dropped their target price on shares of Concrete Pumping from $9.50 to $9.00 and set a "buy" rating on the stock in a research report on Wednesday, March 12th. Robert W. Baird dropped their target price on shares of Concrete Pumping from $7.00 to $6.50 and set a "neutral" rating on the stock in a research report on Wednesday, March 12th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $7.44.
Check Out Our Latest Report on Concrete Pumping
Insider Buying and Selling
In other news, CEO Bruce F. Young bought 49,507 shares of the firm's stock in a transaction on Thursday, March 13th. The shares were bought at an average cost of $5.19 per share, for a total transaction of $256,941.33. Following the acquisition, the chief executive officer now directly owns 1,722,622 shares of the company's stock, valued at $8,940,408.18. This trade represents a 2.96% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 26.60% of the stock is currently owned by company insiders.
About Concrete Pumping
(
Free Report)
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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