AMH Equity Ltd Makes New $705,000 Investment in Concrete Pumping Holdings, Inc. $BBCP

AMH Equity Ltd bought a new stake in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 100,000 shares of the company’s stock, valued at approximately $705,000. AMH Equity Ltd owned about 0.19% of Concrete Pumping as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in BBCP. Royal Bank of Canada grew its stake in Concrete Pumping by 5.7% in the 1st quarter. Royal Bank of Canada now owns 161,031 shares of the company’s stock valued at $878,000 after acquiring an additional 8,620 shares during the last quarter. AQR Capital Management LLC acquired a new position in shares of Concrete Pumping in the 1st quarter valued at about $78,000. Empowered Funds LLC increased its holdings in Concrete Pumping by 3.7% in the 1st quarter. Empowered Funds LLC now owns 321,737 shares of the company’s stock valued at $1,757,000 after purchasing an additional 11,605 shares in the last quarter. Jane Street Group LLC grew its position in Concrete Pumping by 166.4% in the first quarter. Jane Street Group LLC now owns 31,906 shares of the company’s stock valued at $174,000 after acquiring an additional 19,929 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of Concrete Pumping in the first quarter worth about $54,000. Institutional investors and hedge funds own 34.20% of the company’s stock.

Concrete Pumping Trading Down 3.6%

NASDAQ:BBCP opened at $6.24 on Friday. The company has a quick ratio of 1.64, a current ratio of 2.17 and a debt-to-equity ratio of 1.58. Concrete Pumping Holdings, Inc. has a 12 month low of $4.78 and a 12 month high of $9.28. The company’s 50 day moving average is $6.64 and its 200-day moving average is $6.78. The firm has a market cap of $321.17 million, a price-to-earnings ratio of 69.34 and a beta of 1.04.

Concrete Pumping (NASDAQ:BBCP) last released its quarterly earnings data on Tuesday, January 13th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The company had revenue of $108.79 million during the quarter, compared to the consensus estimate of $103.30 million. Concrete Pumping had a net margin of 1.62% and a return on equity of 2.85%. Equities analysts anticipate that Concrete Pumping Holdings, Inc. will post 0.43 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Concrete Pumping in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $7.50.

Concrete Pumping Profile

Concrete Pumping Holdings, Inc (NASDAQ: BBCP) is a specialized provider of concrete placing and pumping solutions for commercial, residential and infrastructure construction projects. Through its network of regional operating subsidiaries, the company offers boom pumps, line pumps and volumetric concrete mixers, enabling contractors to efficiently deliver and place concrete on jobsites of varying scale and complexity. Concrete Pumping’s services are designed to streamline the concrete placement process, reduce project timelines and improve overall jobsite safety.

Since its formation through a series of strategic acquisitions beginning in 2020, Concrete Pumping Holdings has focused on consolidating regional operators under a unified platform.