Teachers Advisors LLC Has $9 Million Stake in US Concrete Inc (USCR)

Teachers Advisors LLC boosted its position in US Concrete Inc (NASDAQ:USCR) by 1.1% in the 3rd quarter, Holdings Channel reports. The firm owned 196,187 shares of the construction company’s stock after acquiring an additional 2,048 shares during the period. Teachers Advisors LLC’s holdings in US Concrete were worth $8,995,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of US Concrete in the third quarter valued at approximately $208,000. Campbell & CO Investment Adviser LLC acquired a new position in US Concrete in the third quarter valued at $255,000. MetLife Investment Advisors LLC lifted its holdings in US Concrete by 55.0% in the third quarter. MetLife Investment Advisors LLC now owns 11,186 shares of the construction company’s stock valued at $513,000 after buying an additional 3,969 shares during the period. LPL Financial LLC raised its holdings in shares of US Concrete by 67.9% during the third quarter. LPL Financial LLC now owns 11,731 shares of the construction company’s stock valued at $538,000 after purchasing an additional 4,743 shares during the period. Finally, Jane Street Group LLC acquired a new position in shares of US Concrete during the third quarter valued at about $567,000.

USCR has been the subject of a number of recent analyst reports. Sidoti started coverage on shares of US Concrete in a research report on Monday, October 15th. They issued a “buy” rating for the company. BidaskClub upgraded shares of US Concrete from a “strong sell” rating to a “sell” rating in a research note on Friday, November 2nd. ValuEngine raised shares of US Concrete from a “strong sell” rating to a “sell” rating in a report on Wednesday, November 7th. SunTrust Banks reduced their target price on shares of US Concrete to $47.00 and set a “buy” rating on the stock in a report on Wednesday, November 21st. Finally, DA Davidson reduced their target price on shares of US Concrete from $82.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, January 2nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $68.26.



In related news, Director Theodore P. Rossi acquired 40,000 shares of the firm’s stock in a transaction that occurred on Friday, December 14th. The stock was purchased at an average cost of $33.40 per share, with a total value of $1,336,000.00. Following the transaction, the director now directly owns 55,310 shares of the company’s stock, valued at approximately $1,847,354. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Theodore P. Rossi acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 17th. The stock was bought at an average cost of $34.85 per share, with a total value of $348,500.00. Following the completion of the transaction, the director now directly owns 78,411 shares in the company, valued at $2,732,623.35. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 64,100 shares of company stock worth $2,207,936. Company insiders own 5.30% of the company’s stock.

US Concrete stock traded up $0.05 during mid-day trading on Monday, reaching $36.55. 6,813 shares of the company’s stock traded hands, compared to its average volume of 265,152. The company has a quick ratio of 1.10, a current ratio of 1.28 and a debt-to-equity ratio of 2.08. US Concrete Inc has a 12-month low of $27.68 and a 12-month high of $79.60. The company has a market cap of $613.93 million, a price-to-earnings ratio of 13.49, a PEG ratio of 1.13 and a beta of 1.30.

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US Concrete Profile

U.S. Concrete, Inc, through its subsidiaries, produces and sells ready-mixed concrete, aggregates, and concrete-related products and services to the construction industry in the United States and Canada. It operates through two segments, Ready-Mixed Concrete and Aggregate Products. The Ready-Mixed Concrete segment engages in the formulation, preparation, and delivery of ready-mixed concrete to customers' job sites; and the provision of various services that include the formulation of mixtures for specific design uses, on-site and lab-based product quality control, and customized delivery programs.

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Institutional Ownership by Quarter for US Concrete (NASDAQ:USCR)

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