Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its stake in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) by 39.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,567 shares of the company’s stock after purchasing an additional 8,866 shares during the period. Hsbc Holdings PLC owned approximately 0.06% of Concrete Pumping worth $195,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Epoch Investment Partners Inc. acquired a new stake in shares of Concrete Pumping in the first quarter valued at about $3,439,000. Dimensional Fund Advisors LP raised its stake in shares of Concrete Pumping by 6.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,550,933 shares of the company’s stock valued at $9,322,000 after purchasing an additional 91,469 shares during the period. Park Avenue Securities LLC raised its stake in shares of Concrete Pumping by 100.0% during the second quarter. Park Avenue Securities LLC now owns 118,213 shares of the company’s stock valued at $710,000 after purchasing an additional 59,107 shares during the period. Aristides Capital LLC lifted its position in shares of Concrete Pumping by 63.5% during the first quarter. Aristides Capital LLC now owns 88,052 shares of the company’s stock worth $696,000 after purchasing an additional 34,207 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new position in shares of Concrete Pumping in the first quarter valued at $180,000. 34.20% of the stock is owned by hedge funds and other institutional investors.

Concrete Pumping Stock Performance

Shares of Concrete Pumping stock opened at $5.69 on Friday. The firm has a market cap of $307.94 million, a PE ratio of 18.35 and a beta of 1.11. Concrete Pumping Holdings, Inc. has a 1 year low of $5.05 and a 1 year high of $9.05. The firm’s 50-day simple moving average is $5.99 and its 200-day simple moving average is $6.55. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.44 and a current ratio of 1.54.

Concrete Pumping (NASDAQ:BBCP) last issued its earnings results on Wednesday, September 4th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.05). The firm had revenue of $109.62 million during the quarter, compared to analyst estimates of $126.10 million. Concrete Pumping had a return on equity of 6.17% and a net margin of 3.72%. During the same quarter in the previous year, the business posted $0.17 EPS. Equities analysts forecast that Concrete Pumping Holdings, Inc. will post 0.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Robert W. Baird dropped their price target on shares of Concrete Pumping from $7.50 to $6.50 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. DA Davidson dropped their target price on Concrete Pumping from $9.00 to $8.50 and set a “buy” rating on the stock in a research report on Thursday, September 5th. Finally, UBS Group downgraded Concrete Pumping from a “buy” rating to a “neutral” rating and reduced their price target for the company from $10.50 to $6.25 in a report on Friday, September 6th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Concrete Pumping presently has an average rating of “Hold” and an average target price of $7.55.

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.