Quantbot Technologies LP lifted its position in shares of U S Concrete, Inc. (NASDAQ:USCR) by 7,413.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,242 shares of the construction company’s stock after buying an additional 9,119 shares during the period. Quantbot Technologies LP owned about 0.06% of U S Concrete worth $705,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Pinebridge Investments L.P. raised its holdings in shares of U S Concrete by 2.8% during the 2nd quarter. Pinebridge Investments L.P. now owns 1,961 shares of the construction company’s stock valued at $154,000 after buying an additional 53 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of U S Concrete by 1.5% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 4,486 shares of the construction company’s stock valued at $352,000 after buying an additional 66 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of U S Concrete by 2.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,957 shares of the construction company’s stock valued at $310,000 after buying an additional 77 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of U S Concrete by 1.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 6,100 shares of the construction company’s stock valued at $479,000 after buying an additional 100 shares in the last quarter. Finally, Greenwood Capital Associates LLC raised its holdings in shares of U S Concrete by 1.9% during the 2nd quarter. Greenwood Capital Associates LLC now owns 6,066 shares of the construction company’s stock valued at $476,000 after buying an additional 114 shares in the last quarter.

TRADEMARK VIOLATION WARNING: This piece of content was originally reported by Watch List News and is the property of of Watch List News. If you are reading this piece of content on another website, it was copied illegally and republished in violation of United States and international copyright & trademark law. The original version of this piece of content can be read at https://www.watchlistnews.com/quantbot-technologies-lp-increases-position-in-u-s-concrete-inc-uscr/1723376.html.

A number of equities analysts have commented on the company. ValuEngine cut U S Concrete from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Zacks Investment Research cut U S Concrete from a “hold” rating to a “sell” rating in a research note on Saturday, November 4th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $98.00 price target on shares of U S Concrete in a research note on Thursday, September 28th. Citigroup Inc. lifted their price target on U S Concrete to $92.00 and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Finally, BidaskClub cut U S Concrete from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. U S Concrete presently has an average rating of “Hold” and an average target price of $89.00.

U S Concrete, Inc. (NASDAQ:USCR) opened at $74.85 on Friday. The company has a debt-to-equity ratio of 2.35, a current ratio of 2.31 and a quick ratio of 2.12. The company has a market capitalization of $1,246.20, a P/E ratio of 25.20, a price-to-earnings-growth ratio of 2.41 and a beta of 1.32. U S Concrete, Inc. has a 12 month low of $56.50 and a 12 month high of $83.85.

U S Concrete (NASDAQ:USCR) last announced its quarterly earnings results on Friday, November 3rd. The construction company reported $0.99 EPS for the quarter, missing the Zacks’ consensus estimate of $1.46 by ($0.47). The company had revenue of $354.60 million during the quarter, compared to analysts’ expectations of $364.16 million. U S Concrete had a return on equity of 22.33% and a net margin of 0.99%. U S Concrete’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same period last year, the firm earned $1.19 earnings per share. equities analysts predict that U S Concrete, Inc. will post 3.11 earnings per share for the current fiscal year.

In other U S Concrete news, VP David Andrew Behring sold 361 shares of U S Concrete stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $81.56, for a total value of $29,443.16. Following the transaction, the vice president now directly owns 10,804 shares of the company’s stock, valued at approximately $881,174.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 1,561 shares of company stock worth $122,018 over the last ninety days. Insiders own 5.90% of the company’s stock.

U S Concrete Company Profile

U.S. Concrete, Inc is a producer of ready-mixed concrete in select geographic markets in the United States. The Company conducts its operations through two business segments: ready-mixed concrete and aggregate products. The ready-mixed concrete segment engages principally in the formulation, production and delivery of ready-mixed concrete to its customers’ job sites.

Want to see what other hedge funds are holding USCR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for U S Concrete, Inc. (NASDAQ:USCR).

Institutional Ownership by Quarter for U S Concrete (NASDAQ:USCR)

Receive News & Ratings for U S Concrete Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U S Concrete Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.