CenterBook Partners LP Purchases 148,853 Shares of Suncrete $RMIX

CenterBook Partners LP boosted its position in shares of Suncrete (NASDAQ:RMIX) by 170.0% in the third quarter, HoldingsChannel.com reports. The fund owned 236,405 shares of the company’s stock after acquiring an additional 148,853 shares during the quarter. CenterBook Partners LP’s holdings in Suncrete were worth $3,043,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RMIX. State of Alaska Department of Revenue purchased a new stake in Suncrete during the 3rd quarter valued at about $29,000. Central Pacific Bank Trust Division purchased a new position in shares of Suncrete in the third quarter worth about $32,000. State Street Corp purchased a new position in shares of Suncrete in the second quarter worth about $4,358,000. NewEdge Advisors LLC acquired a new stake in shares of Suncrete during the second quarter worth about $29,000. Finally, Harraden Circle Investments LLC acquired a new stake in shares of Suncrete during the second quarter worth about $17,647,000. Institutional investors and hedge funds own 71.07% of the company’s stock.

Suncrete Price Performance

Shares of RMIX opened at $8.79 on Friday. The business’s 50-day moving average is $12.19 and its two-hundred day moving average is $15.98. The company has a market capitalization of $645.98 million, a P/E ratio of -62.79 and a beta of 0.93. Suncrete has a fifty-two week low of $8.32 and a fifty-two week high of $25.50. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.15 and a current ratio of 1.40.

Suncrete (NASDAQ:RMIX) last issued its quarterly earnings data on Friday, August 14th. The company reported ($0.72) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.70). The firm had revenue of $97.23 million during the quarter, compared to analyst estimates of $104.93 million. The firm’s revenue was up 146.2% on a year-over-year basis. Research analysts predict that Suncrete will post -0.01 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. B. Riley Financial reiterated a “buy” rating and issued a $25.00 price target (down from $26.00) on shares of Suncrete in a report on Wednesday, August 19th. Weiss Ratings cut shares of Suncrete from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, October 23rd. Jefferies Financial Group restated a “buy” rating and set a $22.00 price objective on shares of Suncrete in a research note on Tuesday, August 18th. Finally, Wall Street Zen downgraded shares of Suncrete from a “sell” rating to a “strong sell” rating in a report on Saturday, October 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $22.25.

About Suncrete

Suncrete is a construction-materials company associated with the production and sale of ready-mixed concrete and related concrete products. Its operations support building and infrastructure projects by supplying concrete materials used in residential, commercial, industrial and other construction applications.

The company’s product and service offerings have included ready-mix concrete, concrete masonry products and related construction materials. Suncrete has historically served contractors, builders, developers and other customers involved in construction and development projects.

Publicly available information about Suncrete’s current operations, geographic footprint and leadership is limited.