Cubist Systematic Strategies LLC Invests $26,000 in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP)

Cubist Systematic Strategies LLC acquired a new stake in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 4,378 shares of the company’s stock, valued at approximately $26,000.

A number of other hedge funds and other institutional investors have also modified their holdings of BBCP. Rhumbline Advisers grew its stake in Concrete Pumping by 4.4% in the second quarter. Rhumbline Advisers now owns 38,239 shares of the company’s stock valued at $230,000 after purchasing an additional 1,623 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in Concrete Pumping by 8.1% during the first quarter. Janney Montgomery Scott LLC now owns 59,500 shares of the company’s stock worth $470,000 after buying an additional 4,459 shares during the last quarter. Hsbc Holdings PLC increased its holdings in Concrete Pumping by 39.1% during the second quarter. Hsbc Holdings PLC now owns 31,567 shares of the company’s stock worth $195,000 after buying an additional 8,866 shares during the last quarter. Bank of New York Mellon Corp raised its position in Concrete Pumping by 12.9% during the second quarter. Bank of New York Mellon Corp now owns 112,341 shares of the company’s stock worth $675,000 after acquiring an additional 12,855 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. lifted its stake in Concrete Pumping by 1.5% in the second quarter. Diamond Hill Capital Management Inc. now owns 1,049,645 shares of the company’s stock valued at $6,308,000 after acquiring an additional 15,847 shares during the last quarter. Institutional investors and hedge funds own 34.20% of the company’s stock.

Analyst Ratings Changes

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

Concrete Pumping Price Performance

Concrete Pumping stock opened at $5.72 on Wednesday. The company has a market capitalization of $309.56 million, a price-to-earnings ratio of 18.45 and a beta of 1.11. The company has a current ratio of 1.54, a quick ratio of 1.44 and a debt-to-equity ratio of 1.19. Concrete Pumping Holdings, Inc. has a 12 month low of $5.05 and a 12 month high of $9.05. The stock’s 50 day moving average is $5.95 and its 200-day moving average is $6.51.

Concrete Pumping (NASDAQ:BBCP) last posted its quarterly earnings data on Wednesday, September 4th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.05). The firm had revenue of $109.62 million for the quarter, compared to the consensus estimate 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 earned $0.17 EPS. Equities research analysts expect that Concrete Pumping Holdings, Inc. will post 0.27 EPS for the current year.

Concrete Pumping Company 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.