Cubist Systematic Strategies LLC Purchases Shares of 8,251 Concrete Pumping Holdings, Inc. (NASDAQ:BBCP)

Cubist Systematic Strategies LLC purchased a new stake in shares of Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 8,251 shares of the company’s stock, valued at approximately $55,000.

A number of other hedge funds have also bought and sold shares of BBCP. Barclays PLC increased its stake in Concrete Pumping by 82.6% during the 3rd quarter. Barclays PLC now owns 51,560 shares of the company’s stock valued at $299,000 after purchasing an additional 23,329 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Concrete Pumping by 128.5% in the third quarter. JPMorgan Chase & Co. now owns 73,831 shares of the company’s stock worth $427,000 after acquiring an additional 41,524 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Concrete Pumping in the fourth quarter worth $81,000. Jennison Associates LLC increased its stake in shares of Concrete Pumping by 10.8% in the fourth quarter. Jennison Associates LLC now owns 1,722,754 shares of the company’s stock worth $11,474,000 after acquiring an additional 167,262 shares during the period. Finally, Empowered Funds LLC increased its stake in shares of Concrete Pumping by 1.9% in the fourth quarter. Empowered Funds LLC now owns 310,132 shares of the company’s stock worth $2,065,000 after acquiring an additional 5,750 shares during the period. Institutional investors and hedge funds own 34.20% of the company’s stock.

Concrete Pumping Stock Up 1.4%

BBCP stock opened at $7.19 on Tuesday. The firm has a market cap of $381.44 million, a PE ratio of 27.65 and a beta of 1.12. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.89 and a current ratio of 1.99. The firm’s fifty day moving average is $5.98 and its 200 day moving average is $6.61. Concrete Pumping Holdings, Inc. has a one year low of $4.78 and a one year high of $9.68.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. DA Davidson cut their price objective on shares of Concrete Pumping from $9.50 to $9.00 and set a “buy” rating on the stock in a research note on Wednesday, March 12th. Robert W. Baird cut their price objective on shares of Concrete Pumping from $7.00 to $6.50 and set a “neutral” rating on the stock in a research note on Wednesday, March 12th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Concrete Pumping has a consensus rating of “Hold” and a consensus price target of $7.44.

Insider Buying and Selling at Concrete Pumping

In related news, CEO Bruce F. Young acquired 49,507 shares of the firm’s stock in a transaction on Thursday, March 13th. The shares were acquired at an average cost of $5.19 per share, with a total value of $256,941.33. Following the completion of the acquisition, the chief executive officer now directly owns 1,722,622 shares in the company, valued at approximately $8,940,408.18. This trade represents a 2.96% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 26.60% of the company’s stock.

Concrete Pumping Profile

Concrete Pumping Holdings, Inc provides concrete pumping and waste management services in the United States and the United Kingdom. The company offers concrete pumping services to general contractors and concrete finishing companies in the commercial, infrastructure, and residential sectors under the Brundage-Bone and Capital Pumping brands; and industrial cleanup and containment services primarily to customers in the construction industry under the Eco-Pan brand.