Short Interest in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Drops By 20.2%

Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) saw a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 301,200 shares, a decrease of 20.2% from the November 15th total of 377,500 shares. Based on an average daily volume of 76,700 shares, the days-to-cover ratio is currently 3.9 days. Approximately 1.3% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Robert W. Baird cut their price objective on shares of Concrete Pumping from $7.50 to $6.50 and set a “neutral” rating for the company in a research report on Thursday, September 5th. DA Davidson dropped their price target on Concrete Pumping from $9.00 to $8.50 and set a “buy” rating for the company in a report on Thursday, September 5th. Finally, UBS Group lowered 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. Three 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, Concrete Pumping presently has a consensus rating of “Hold” and a consensus price target of $7.31.

Institutional Investors Weigh In On Concrete Pumping

Large investors have recently added to or reduced their stakes in the stock. Barclays PLC lifted its position in Concrete Pumping by 82.6% during the third quarter. Barclays PLC now owns 51,560 shares of the company’s stock worth $299,000 after purchasing an additional 23,329 shares during the period. Geode Capital Management LLC raised its position in shares of Concrete Pumping by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 564,751 shares of the company’s stock valued at $3,270,000 after buying an additional 6,025 shares in the last quarter. Mill Road Capital Management LLC lifted its holdings in shares of Concrete Pumping by 96.8% during the 3rd quarter. Mill Road Capital Management LLC now owns 1,070,405 shares of the company’s stock worth $6,198,000 after acquiring an additional 526,379 shares during the period. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Concrete Pumping during the 3rd quarter worth approximately $2,933,000. Finally, JB Capital Partners LP increased its stake in Concrete Pumping by 26.2% in the third quarter. JB Capital Partners LP now owns 241,100 shares of the company’s stock valued at $1,396,000 after acquiring an additional 50,000 shares during the last quarter. Institutional investors and hedge funds own 34.20% of the company’s stock.

Concrete Pumping Stock Up 0.3 %

Shares of BBCP opened at $7.27 on Monday. The company has a current ratio of 1.54, a quick ratio of 1.44 and a debt-to-equity ratio of 1.19. Concrete Pumping has a 12 month low of $5.05 and a 12 month high of $8.48. The firm’s 50 day moving average is $6.10 and its 200-day moving average is $6.18. The stock has a market capitalization of $389.18 million, a PE ratio of 27.96 and a beta of 1.13.

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.