ValuEngine Lowers Concrete Pumping (BBCP) to Sell
Separately, Robert W. Baird began coverage on shares of Concrete Pumping in a research note on Monday. They set an outperform rating and a $7.00 target price for the company.
Shares of BBCP stock traded up $0.20 on Wednesday, reaching $5.37. 500 shares of the stock were exchanged, compared to its average volume of 85,169. The company has a current ratio of 0.77, a quick ratio of 0.71 and a debt-to-equity ratio of 1.30. The company has a market cap of $145.39 million, a P/E ratio of 2.18 and a beta of 0.36. Concrete Pumping has a twelve month low of $4.39 and a twelve month high of $15.25.
A number of institutional investors and hedge funds have recently made changes to their positions in BBCP. Citigroup Inc. purchased a new stake in Concrete Pumping in the first quarter valued at $35,000. ExodusPoint Capital Management LP purchased a new stake in Concrete Pumping in the first quarter valued at $137,000. BlueCrest Capital Management Ltd purchased a new stake in Concrete Pumping in the first quarter valued at $193,000. Millennium Management LLC purchased a new stake in Concrete Pumping in the fourth quarter valued at $688,000. Finally, Owl Creek Asset Management L.P. purchased a new stake in Concrete Pumping in the fourth quarter valued at $15,689,000. 8.34% of the stock is owned by hedge funds and other institutional investors.
About Concrete Pumping
Concrete Pumping Holdings, Inc provides concrete pumping and concrete waste management services. The company offers concrete pumping services under the Brundage-Bone brand and concrete waste management services under the Eco-Pan brand in the United States; and concrete pumping services under the Camfaud brand in the United Kingdom.
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