Hotchkis & Wiley Capital Management LLC Acquires New Position in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP)

Hotchkis & Wiley Capital Management LLC acquired a new position in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 506,530 shares of the company's stock, valued at approximately $2,933,000. Hotchkis & Wiley Capital Management LLC owned about 0.95% of Concrete Pumping as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cubist Systematic Strategies LLC bought a new stake in shares of Concrete Pumping in the 2nd quarter valued at $26,000. Allspring Global Investments Holdings LLC bought a new position in Concrete Pumping during the 3rd quarter valued at $36,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Concrete Pumping in the 2nd quarter worth about $42,000. Hsbc Holdings PLC grew its holdings in shares of Concrete Pumping by 39.1% in the second quarter. Hsbc Holdings PLC now owns 31,567 shares of the company's stock valued at $195,000 after acquiring an additional 8,866 shares in the last quarter. Finally, Rhumbline Advisers increased its position in shares of Concrete Pumping by 4.4% during the 2nd quarter. Rhumbline Advisers now owns 38,239 shares of the company's stock valued at $230,000 after purchasing an additional 1,623 shares during the last quarter. 34.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BBCP. Robert W. Baird lowered 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. DA Davidson lowered their price target 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 downgraded shares of Concrete Pumping from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $10.50 to $6.25 in a report on Friday, September 6th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $7.31.

Concrete Pumping Stock Up 1.0 %

Shares of NASDAQ:BBCP traded up $0.07 on Friday, hitting $7.15. 49,170 shares of the company traded hands, compared to its average volume of 97,127. The stock has a 50 day simple moving average of $5.93 and a 200-day simple moving average of $6.17. The company has a quick ratio of 1.44, a current ratio of 1.54 and a debt-to-equity ratio of 1.19. Concrete Pumping Holdings, Inc. has a 52 week low of $5.05 and a 52 week high of $8.48. The company has a market cap of $382.74 million, a PE ratio of 27.50 and a beta of 1.13.

Concrete Pumping (NASDAQ:BBCP - Get Free Report) last announced its 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). Concrete Pumping had a net margin of 3.72% and a return on equity of 6.17%. The business had revenue of $109.62 million for the quarter, compared to analysts' expectations of $126.10 million. During the same quarter last year, the firm earned $0.17 EPS. As a group, research analysts expect that Concrete Pumping Holdings, Inc. will post 0.27 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.