Jane Street Group LLC Lowers Holdings in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP)

Jane Street Group LLC reduced its position in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) by 40.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 44,309 shares of the company’s stock after selling 29,521 shares during the period. Jane Street Group LLC’s holdings in Concrete Pumping were worth $257,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Cubist Systematic Strategies LLC purchased a new stake in shares of Concrete Pumping in the second quarter worth about $26,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Concrete Pumping in the third quarter worth about $36,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Concrete Pumping in the second quarter worth about $42,000. Hsbc Holdings PLC lifted its position 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 in the last quarter. Finally, Rhumbline Advisers lifted its position in shares of 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 buying an additional 1,623 shares in the last quarter. 34.20% of the stock is currently owned by hedge funds and other institutional investors.

Concrete Pumping Price Performance

NASDAQ:BBCP opened at $7.40 on Friday. The business’s 50-day moving average is $6.51 and its 200 day moving average is $6.18. 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 Holdings, Inc. has a 12 month low of $5.05 and a 12 month high of $8.48. The company has a market capitalization of $396.14 million, a P/E ratio of 28.46 and a beta of 1.12.

Concrete Pumping (NASDAQ:BBCP) last issued its quarterly earnings data on Wednesday, January 8th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. Concrete Pumping had a return on equity of 6.17% and a net margin of 3.72%. On average, equities research analysts forecast that Concrete Pumping Holdings, Inc. will post 0.27 earnings per share for the current fiscal 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.