ICM Asset Management Inc. WA acquired a new stake in shares of Concrete Pumping Holdings Inc (NASDAQ:BBCP) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 222,000 shares of the company’s stock, valued at approximately $881,000. Concrete Pumping comprises about 0.7% of ICM Asset Management Inc. WA’s holdings, making the stock its 27th biggest holding. ICM Asset Management Inc. WA owned 0.38% of Concrete Pumping at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in BBCP. Peregrine Capital Management LLC purchased a new position in shares of Concrete Pumping during the second quarter valued at approximately $2,629,000. Wells Fargo & Company MN acquired a new stake in shares of Concrete Pumping in the second quarter valued at about $153,000. Myriad Asset Management Ltd. acquired a new stake in shares of Concrete Pumping in the second quarter valued at about $215,000. Charles Schwab Investment Management Inc. acquired a new stake in shares of Concrete Pumping in the second quarter valued at about $118,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Concrete Pumping in the second quarter valued at about $161,000. 27.55% of the stock is currently owned by hedge funds and other institutional investors.
Concrete Pumping stock traded down $0.05 during trading hours on Friday, reaching $3.31. 50,800 shares of the stock were exchanged, compared to its average volume of 100,623. The stock has a market cap of $195.55 million, a P/E ratio of 1.34 and a beta of 0.58. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.60 and a current ratio of 0.65. Concrete Pumping Holdings Inc has a 52-week low of $3.20 and a 52-week high of $15.25. The firm’s 50 day moving average is $3.82 and its 200 day moving average is $4.72.
Several analysts have recently issued reports on BBCP shares. ValuEngine upgraded shares of Concrete Pumping from a “hold” rating to a “buy” rating in a research report on Wednesday, September 4th. Zacks Investment Research downgraded shares of Concrete Pumping from a “hold” rating to a “sell” rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. Concrete Pumping presently has an average rating of “Buy” and a consensus target price of $8.33.
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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