ValuEngine downgraded shares of Concrete Pumping (NASDAQ:BBCP) from a hold rating to a sell rating in a research note issued to investors on Wednesday morning, ValuEngine reports.

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.

In related news, Director David A. B. Brown purchased 27,726 shares of Concrete Pumping stock in a transaction that occurred on Friday, May 10th. The stock was purchased at an average cost of $4.99 per share, with a total value of $138,352.74. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John M. Piecuch purchased 8,990 shares of Concrete Pumping stock in a transaction that occurred on Monday, May 13th. The stock was bought at an average cost of $5.03 per share, with a total value of $45,219.70. The disclosure for this purchase can be found here.

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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