Concrete Pumping Holdings Inc (NASDAQ:BBCP) was the target of a large increase in short interest in July. As of July 15th, there was short interest totalling 721,500 shares, an increase of 38.4% from the June 15th total of 521,300 shares. Based on an average daily trading volume, of 296,500 shares, the days-to-cover ratio is currently 2.4 days. Currently, 7.4% of the shares of the stock are sold short.

In other Concrete Pumping news, CEO Bruce F. Young acquired 200,000 shares of the business’s stock in a transaction on Tuesday, May 14th. The stock was purchased at an average price of $4.50 per share, for a total transaction of $900,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Argand Partners, Lp acquired 1,625,000 shares of the business’s stock in a transaction on Tuesday, May 14th. The stock was acquired at an average price of $4.50 per share, with a total value of $7,312,500.00. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 1,861,716 shares of company stock worth $8,396,072.

An institutional investor recently bought a new position in Concrete Pumping stock. Millennium Management LLC bought a new position in shares of Concrete Pumping Holdings Inc (NASDAQ:BBCP) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 83,537 shares of the company’s stock, valued at approximately $688,000. Millennium Management LLC owned about 0.29% of Concrete Pumping as of its most recent SEC filing. Institutional investors own 4.28% of the company’s stock.

Several equities analysts have issued reports on the company. Zacks Investment Research downgraded Phoenix New Media from a “hold” rating to a “sell” rating in a research report on Tuesday. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Stifel Nicolaus downgraded Asante Solutions to a “buy” rating and set a $9.00 price objective for the company. in a research report on Thursday, May 23rd. Robert W. Baird assumed coverage on TJX Companies in a research report on Monday, May 13th. They issued an “outperform” rating and a $63.00 price objective for the company. Finally, William Blair assumed coverage on Concrete Pumping in a research report on Friday, May 17th. They issued an “outperform” rating and a $5.31 price objective for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. Concrete Pumping has an average rating of “Buy” and a consensus target price of $8.33.

Shares of BBCP stock traded down $0.07 on Friday, reaching $3.95. 122,379 shares of the stock were exchanged, compared to its average volume of 210,117. The company has a market capitalization of $233.96 million, a PE ratio of 1.60 and a beta of 0.70. Concrete Pumping has a one year low of $3.64 and a one year high of $15.25. The company has a current ratio of 0.57, a quick ratio of 0.53 and a debt-to-equity ratio of 1.33. The firm’s 50 day moving average price is $4.75.

Concrete Pumping (NASDAQ:BBCP) last released its earnings results on Monday, June 10th. The company reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.39). The firm had revenue of $61.99 million during the quarter, compared to the consensus estimate of $62.97 million. As a group, analysts anticipate that Concrete Pumping will post -0.73 earnings per share for the current year.

Concrete Pumping Company Profile

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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