Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. boosted its holdings in shares of Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) by 53.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,500 shares of the company’s stock after buying an additional 33,800 shares during the period. Ameriprise Financial Inc.’s holdings in Concrete Pumping were worth $643,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of BBCP. O Shaughnessy Asset Management LLC acquired a new position in shares of Concrete Pumping in the fourth quarter valued at about $75,000. MetLife Investment Management LLC increased its holdings in shares of Concrete Pumping by 54.0% in the fourth quarter. MetLife Investment Management LLC now owns 11,202 shares of the company’s stock valued at $75,000 after purchasing an additional 3,928 shares during the period. SG Americas Securities LLC acquired a new position in shares of Concrete Pumping in the fourth quarter valued at about $81,000. Wells Fargo & Company MN increased its holdings in shares of Concrete Pumping by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 13,968 shares of the company’s stock valued at $93,000 after purchasing an additional 3,042 shares during the period. Finally, Marshall Wace LLP increased its holdings in shares of Concrete Pumping by 6.5% in the fourth quarter. Marshall Wace LLP now owns 24,993 shares of the company’s stock valued at $166,000 after purchasing an additional 1,529 shares during the period. 34.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. DA Davidson cut their price objective on Concrete Pumping from $9.50 to $9.00 and set a “buy” rating on the stock in a report on Wednesday, March 12th. Robert W. Baird lowered their target price on Concrete Pumping from $7.00 to $6.50 and set a “neutral” rating on the stock in a research note on Wednesday, March 12th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $7.44.

Insider Activity

In other news, CEO Bruce F. Young bought 49,507 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were acquired at an average price of $5.19 per share, for a total transaction of $256,941.33. Following the completion of the transaction, the chief executive officer now directly owns 1,722,622 shares in the company, valued at $8,940,408.18. The trade was a 2.96% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 26.60% of the company’s stock.

Concrete Pumping Stock Performance

NASDAQ BBCP opened at $7.21 on Wednesday. The company has a market cap of $382.50 million, a PE ratio of 27.73 and a beta of 1.12. The stock’s 50 day simple moving average is $6.34 and its 200-day simple moving average is $6.72. Concrete Pumping Holdings, Inc. has a 1-year low of $4.78 and a 1-year high of $9.68. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.99 and a quick ratio of 1.89.

About Concrete Pumping

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 Capital Pumping brands; and industrial cleanup and containment services primarily to customers in the construction industry under the Eco-Pan brand.