Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC decreased its position in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP - Free Report) by 27.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 229,500 shares of the company's stock after selling 88,687 shares during the period. Renaissance Technologies LLC owned 0.42% of Concrete Pumping worth $1,379,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in BBCP. Rhumbline Advisers boosted 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 worth $230,000 after purchasing an additional 1,623 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of Concrete Pumping by 8.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 59,500 shares of the company's stock valued at $470,000 after purchasing an additional 4,459 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Concrete Pumping by 12.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 112,341 shares of the company's stock valued at $675,000 after buying an additional 12,855 shares during the last quarter. Diamond Hill Capital Management Inc. grew its position in shares of Concrete Pumping by 1.5% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 1,049,645 shares of the company's stock valued at $6,308,000 after buying an additional 15,847 shares during the last quarter. Finally, Empowered Funds LLC grew its position in shares of Concrete Pumping by 8.2% in the 1st quarter. Empowered Funds LLC now owns 268,272 shares of the company's stock valued at $2,119,000 after buying an additional 20,290 shares during the last quarter. Hedge funds and other institutional investors own 34.20% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Robert W. Baird dropped their price objective 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 price objective on shares of Concrete Pumping from $9.00 to $8.50 and set a "buy" rating on the stock in a research note on Thursday, September 5th. Stifel Nicolaus dropped their price objective on shares of Concrete Pumping from $9.00 to $8.00 and set a "buy" rating on the stock in a research note on Friday, June 7th. UBS Group lowered shares of Concrete Pumping from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $10.50 to $6.25 in a research note on Friday, September 6th. Finally, William Blair lowered shares of Concrete Pumping from an "outperform" rating to a "market perform" rating in a research note on Friday, June 7th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, Concrete Pumping currently has a consensus rating of "Hold" and an average price target of $7.55.

Concrete Pumping Price Performance

BBCP traded up $0.18 on Friday, hitting $5.69. 56,259 shares of the company were exchanged, compared to its average volume of 98,172. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.44 and a current ratio of 1.54. The business's fifty day moving average is $5.99 and its 200 day moving average is $6.56. Concrete Pumping Holdings, Inc. has a fifty-two week low of $5.05 and a fifty-two week high of $9.05. The firm has a market capitalization of $307.94 million, a P/E ratio of 18.35 and a beta of 1.11.

Concrete Pumping (NASDAQ:BBCP - Get Free Report) last issued its earnings results 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). Concrete Pumping had a return on equity of 6.17% and a net margin of 3.72%. The company had revenue of $109.62 million for the quarter, compared to analyst estimates of $126.10 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. As a group, sell-side analysts anticipate 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.