Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Short Interest Up 15.4% in November

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP - Get Free Report) saw a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 377,500 shares, a growth of 15.4% from the October 31st total of 327,100 shares. Approximately 1.7% of the shares of the stock are short sold. Based on an average trading volume of 78,500 shares, the short-interest ratio is presently 4.8 days.

Analysts Set New Price Targets

A number of equities research analysts recently commented on BBCP shares. Robert W. Baird decreased their price target on Concrete Pumping from $7.50 to $6.50 and set a "neutral" rating on the stock in a research report on Thursday, September 5th. DA Davidson decreased their target price on Concrete Pumping from $9.00 to $8.50 and set a "buy" rating on the stock in a report on Thursday, September 5th. Finally, UBS Group cut Concrete Pumping from a "buy" rating to a "neutral" rating and cut their price target for the company from $10.50 to $6.25 in a report on Friday, September 6th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Concrete Pumping currently has a consensus rating of "Hold" and a consensus price target of $7.31.

Concrete Pumping Trading Down 1.3 %

BBCP traded down $0.09 during mid-day trading on Friday, reaching $6.92. The stock had a trading volume of 91,580 shares, compared to its average volume of 97,254. The firm's fifty day simple moving average is $5.80 and its two-hundred day simple moving average is $6.16. The stock has a market capitalization of $370.43 million, a P/E ratio of 26.62 and a beta of 1.13. Concrete Pumping has a 52 week low of $5.05 and a 52 week high of $8.48. 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 - Get Free Report) last issued its quarterly earnings results on Wednesday, September 4th. The company reported $0.13 earnings per share (EPS) 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 analyst estimates of $126.10 million. Concrete Pumping had a net margin of 3.72% and a return on equity of 6.17%. During the same period last year, the company earned $0.17 EPS. On average, equities analysts predict that Concrete Pumping will post 0.27 EPS for the current year.

Institutional Investors Weigh In On Concrete Pumping

Institutional investors have recently modified their holdings of the business. Rhumbline Advisers boosted 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 acquiring an additional 1,623 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Concrete Pumping by 5.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 71,900 shares of the company's stock worth $432,000 after purchasing an additional 3,650 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Concrete Pumping during the second quarter worth $26,000. Heirloom Wealth Management increased its holdings in Concrete Pumping by 8.8% in the third quarter. Heirloom Wealth Management now owns 70,688 shares of the company's stock valued at $409,000 after purchasing an additional 5,717 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in Concrete Pumping by 1.1% in the third quarter. Geode Capital Management LLC now owns 564,751 shares of the company's stock valued at $3,270,000 after purchasing an additional 6,025 shares during the last quarter. 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.