Raiffeisen Bank International AG Has $1.80 Million Stock Position in Concrete Pumping Holdings, Inc. $BBCP

Raiffeisen Bank International AG lifted its position in shares of Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) by 64.0% in the third quarter, HoldingsChannel reports. The fund owned 254,785 shares of the company’s stock after buying an additional 99,395 shares during the period. Raiffeisen Bank International AG’s holdings in Concrete Pumping were worth $1,796,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in BBCP. Acadian Asset Management LLC acquired a new stake in Concrete Pumping in the first quarter worth about $54,000. Strs Ohio acquired a new position in Concrete Pumping during the 1st quarter valued at about $62,000. AQR Capital Management LLC bought a new position in shares of Concrete Pumping in the 1st quarter valued at about $78,000. Jane Street Group LLC grew its position in shares of Concrete Pumping by 166.4% during the 1st quarter. Jane Street Group LLC now owns 31,906 shares of the company’s stock worth $174,000 after buying an additional 19,929 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Concrete Pumping during the 3rd quarter worth approximately $311,000. Institutional investors own 34.20% of the company’s stock.

Concrete Pumping Trading Up 0.1%

NASDAQ:BBCP opened at $6.79 on Friday. The company has a current ratio of 2.17, a quick ratio of 2.03 and a debt-to-equity ratio of 1.58. Concrete Pumping Holdings, Inc. has a 1-year low of $4.78 and a 1-year high of $7.80. The firm has a market capitalization of $345.27 million, a price-to-earnings ratio of 75.45 and a beta of 1.12. The business’s 50-day moving average price is $6.61 and its two-hundred day moving average price is $6.68.

Concrete Pumping (NASDAQ:BBCP) last announced its quarterly earnings results on Tuesday, January 13th. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The company had revenue of $108.79 million during the quarter, compared to analysts’ expectations of $103.30 million. Concrete Pumping had a return on equity of 2.85% and a net margin of 1.62%. On average, equities analysts expect that Concrete Pumping Holdings, Inc. will post 0.43 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Concrete Pumping in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $7.50.

About Concrete Pumping

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.