JB Capital Partners LP Grows Stake in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP)

JB Capital Partners LP raised its stake in shares of Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) by 26.2% during the third quarter, HoldingsChannel reports. The firm owned 241,100 shares of the company’s stock after buying an additional 50,000 shares during the quarter. JB Capital Partners LP’s holdings in Concrete Pumping were worth $1,396,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Cubist Systematic Strategies LLC bought a new stake in shares of Concrete Pumping in the 2nd quarter worth about $26,000. Allspring Global Investments Holdings LLC bought a new stake in Concrete Pumping in the third quarter worth about $36,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Concrete Pumping during the second quarter valued at approximately $42,000. Quadrature Capital Ltd bought a new position in shares of Concrete Pumping during the first quarter valued at approximately $180,000. Finally, Hsbc Holdings PLC raised 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 worth $195,000 after buying an additional 8,866 shares during the period. 34.20% of the stock is owned by institutional investors.

Concrete Pumping Trading Up 4.5 %

Shares of NASDAQ BBCP opened at $7.01 on Friday. Concrete Pumping Holdings, Inc. has a twelve month low of $5.05 and a twelve month high of $8.48. The firm has a market cap of $375.25 million, a PE ratio of 26.96 and a beta of 1.13. The business has a fifty day simple moving average of $5.78 and a two-hundred 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 (NASDAQ:BBCP) last released its quarterly earnings data 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 net margin of 3.72% and a return on equity of 6.17%. The firm had revenue of $109.62 million during the quarter, compared to the consensus estimate of $126.10 million. During the same quarter in the previous year, the firm earned $0.17 earnings per share. Analysts expect that Concrete Pumping Holdings, Inc. will post 0.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BBCP has been the subject of a number of recent analyst reports. DA Davidson dropped their price objective on Concrete Pumping from $9.00 to $8.50 and set a “buy” rating for the company in a report on Thursday, September 5th. Robert W. Baird lowered their target price on shares of Concrete Pumping from $7.50 to $6.50 and set a “neutral” rating for the company in a research note on Thursday, September 5th. Finally, UBS Group downgraded shares of Concrete Pumping from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $10.50 to $6.25 in a research note on Friday, September 6th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Concrete Pumping presently has an average rating of “Hold” and a consensus price target of $7.31.

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.