Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Short Interest Down 8.3% in July

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totalling 267,000 shares, a drop of 8.3% from the July 15th total of 291,300 shares. Currently, 1.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 128,000 shares, the days-to-cover ratio is presently 2.1 days.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on BBCP. Stifel Nicolaus reduced their price target on shares of Concrete Pumping from $9.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. Robert W. Baird reduced their target price on Concrete Pumping from $8.50 to $7.50 and set a “neutral” rating on the stock in a report on Monday, June 10th. William Blair downgraded Concrete Pumping from an “outperform” rating to a “market perform” rating in a research report on Friday, June 7th. Finally, DA Davidson decreased their target price on Concrete Pumping from $11.00 to $9.00 and set a “buy” rating on the stock in a research report on Monday, June 10th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $8.25.

Concrete Pumping Stock Up 1.5 %

Shares of NASDAQ:BBCP opened at $6.27 on Tuesday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.17 and a current ratio of 1.24. Concrete Pumping has a 52-week low of $5.58 and a 52-week high of $9.15. The company has a market capitalization of $339.33 million, a PE ratio of 20.23 and a beta of 1.10. The company has a fifty day moving average of $6.29 and a 200-day moving average of $7.05.

Concrete Pumping (NASDAQ:BBCP) last announced its quarterly earnings results on Thursday, June 6th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). Concrete Pumping had a net margin of 4.25% and a return on equity of 6.83%. The firm had revenue of $107.06 million for the quarter, compared to analyst estimates of $112.97 million. During the same period in the previous year, the business posted $0.09 earnings per share. The business’s revenue for the quarter was down .7% compared to the same quarter last year. On average, equities analysts predict that Concrete Pumping will post 0.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Concrete Pumping

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC acquired a new position in shares of Concrete Pumping during the second quarter worth $26,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Concrete Pumping during the 2nd quarter worth about $42,000. Private Advisor Group LLC bought a new stake in shares of Concrete Pumping in the 4th quarter valued at about $101,000. Trexquant Investment LP acquired a new stake in shares of Concrete Pumping in the fourth quarter valued at about $151,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Concrete Pumping in the first quarter valued at about $180,000. 34.20% of the stock is currently owned by institutional investors and hedge funds.

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.