Campbell & CO Investment Adviser LLC acquired a new stake in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 39,400 shares of the company’s stock, valued at approximately $334,000. Campbell & CO Investment Adviser LLC owned approximately 0.07% of Concrete Pumping at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. UBS Group AG boosted its holdings in Concrete Pumping by 122.2% in the 1st quarter. UBS Group AG now owns 5,768 shares of the company’s stock valued at $43,000 after purchasing an additional 3,172 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Concrete Pumping in the 1st quarter valued at approximately $84,000. BNP Paribas Arbitrage SA boosted its holdings in Concrete Pumping by 32.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 13,850 shares of the company’s stock valued at $103,000 after purchasing an additional 3,419 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in Concrete Pumping by 508.4% in the 1st quarter. New York State Common Retirement Fund now owns 15,819 shares of the company’s stock valued at $117,000 after purchasing an additional 13,219 shares in the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new stake in Concrete Pumping in the 1st quarter valued at approximately $137,000. 31.28% of the stock is currently owned by institutional investors.
Shares of Concrete Pumping stock opened at $8.81 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.73 and a quick ratio of 1.62. Concrete Pumping Holdings, Inc. has a 1 year low of $3.14 and a 1 year high of $9.41. The company has a market capitalization of $498.59 million, a P/E ratio of -20.49 and a beta of 1.21. The business has a 50 day moving average price of $8.44 and a 200 day moving average price of $8.03.
A number of research firms have recently issued reports on BBCP. Zacks Investment Research upgraded shares of Concrete Pumping from a “sell” rating to a “hold” rating in a research report on Wednesday, August 18th. Robert W. Baird reiterated a “buy” rating and set a $11.00 price target on shares of Concrete Pumping in a research report on Sunday, September 12th. Finally, UBS Group upgraded shares of Concrete Pumping from a “neutral” rating to a “buy” rating and lifted their price target for the company from $6.00 to $11.00 in a research report on Friday, June 25th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Concrete Pumping currently has a consensus rating of “Buy” and an average target price of $8.35.
Concrete Pumping Company 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 Camfaud brands; and industrial cleanup and containment services primarily to customers in the construction industry under the Eco-Pan brand.
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