12,692 Shares in CONCRETE PUMPING HOLDINGS, INC. (NASDAQ:BBCP) Purchased by XTX Topco Ltd

XTX Topco Ltd acquired a new position in CONCRETE PUMPING HOLDINGS, INC. (NASDAQ:BBCP) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 12,692 shares of the company’s stock, valued at approximately $69,000.

Several other hedge funds have also recently bought and sold shares of BBCP. Seven Six Capital Management LLC purchased a new stake in CONCRETE PUMPING in the 4th quarter worth about $3,500,000. Raiffeisen Bank International AG purchased a new stake in CONCRETE PUMPING in the 4th quarter worth about $995,000. Ritholtz Wealth Management purchased a new stake in CONCRETE PUMPING in the 1st quarter worth about $496,000. Dimensional Fund Advisors LP lifted its stake in CONCRETE PUMPING by 3.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,698,941 shares of the company’s stock worth $11,315,000 after acquiring an additional 56,048 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in CONCRETE PUMPING in the 1st quarter worth about $234,000. 34.20% of the stock is owned by hedge funds and other institutional investors.

CONCRETE PUMPING Stock Down 1.0%

BBCP opened at $6.79 on Friday. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.79 and a quick ratio of 1.68. The company has a market capitalization of $353.28 million, a PE ratio of 30.87 and a beta of 1.07. The business has a 50-day moving average of $6.58 and a 200-day moving average of $6.52. CONCRETE PUMPING HOLDINGS, INC. has a fifty-two week low of $4.78 and a fifty-two week high of $9.68.

CONCRETE PUMPING (NASDAQ:BBCP) last issued its quarterly earnings data on Thursday, June 5th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.04). The company had revenue of $93.96 million for the quarter, compared to analyst estimates of $99.02 million. CONCRETE PUMPING had a net margin of 3.57% and a return on equity of 5.33%. Equities research analysts forecast that CONCRETE PUMPING HOLDINGS, INC. will post 0.43 EPS for the current fiscal year.

CONCRETE PUMPING declared that its Board of Directors has approved a share buyback plan on Thursday, June 5th that authorizes the company to buyback $15.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 4.7% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BBCP. Zacks Research raised CONCRETE PUMPING to a “hold” rating in a research note on Tuesday. Robert W. Baird cut their price target on CONCRETE PUMPING from $6.50 to $6.00 and set a “neutral” rating for the company in a research note on Friday, June 6th. Finally, DA Davidson set a $8.00 price target on CONCRETE PUMPING and gave the stock a “buy” rating in a research note on Monday, June 9th.

About CONCRETE PUMPING

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.