Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Short Interest Update

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP - Get Free Report) saw a large increase in short interest in September. As of September 30th, there was short interest totalling 331,000 shares, an increase of 8.0% from the September 15th total of 306,500 shares. Based on an average daily trading volume, of 115,100 shares, the short-interest ratio is presently 2.9 days. Approximately 1.4% of the shares of the stock are short sold.

Institutional Investors Weigh In On Concrete Pumping

Large investors have recently made changes to their positions in the business. Cubist Systematic Strategies LLC bought a new stake in shares of Concrete Pumping in the 2nd quarter worth approximately $26,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Concrete Pumping in the second quarter worth $42,000. Quadrature Capital Ltd purchased a new stake in Concrete Pumping in the first quarter worth $180,000. Hsbc Holdings PLC grew its stake in Concrete Pumping by 39.1% in the second quarter. Hsbc Holdings PLC now owns 31,567 shares of the company's stock worth $195,000 after purchasing an additional 8,866 shares during the period. Finally, 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 worth $230,000 after purchasing an additional 1,623 shares during the period. 34.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on BBCP. UBS Group cut Concrete Pumping from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $10.50 to $6.25 in a report on Friday, September 6th. Robert W. Baird decreased their price objective on Concrete Pumping from $7.50 to $6.50 and set a "neutral" rating on the stock in a report on Thursday, September 5th. Finally, DA Davidson decreased their price objective on Concrete Pumping from $9.00 to $8.50 and set a "buy" rating on the stock in a report on Thursday, September 5th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $7.55.

Concrete Pumping Trading Up 2.3 %

Concrete Pumping stock traded up $0.13 during trading hours on Wednesday, reaching $5.76. The company had a trading volume of 59,698 shares, compared to its average volume of 97,192. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.54 and a quick ratio of 1.44. The company has a 50-day moving average price of $5.89 and a 200 day moving average price of $6.44. The firm has a market cap of $311.73 million, a price-to-earnings ratio of 18.16 and a beta of 1.11. Concrete Pumping has a 12-month low of $5.05 and a 12-month high of $8.83.

Concrete Pumping (NASDAQ:BBCP - Get Free Report) last issued its quarterly earnings data on Wednesday, September 4th. The company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.05). The business had revenue of $109.62 million during 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 prior year, the business posted $0.17 earnings per share. Equities analysts forecast that Concrete Pumping 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.