Connor Clark & Lunn Investment Management Ltd. Has $813,000 Stock Holdings in Concrete Pumping Holdings, Inc. (NASDAQ:BBCP)

Connor Clark & Lunn Investment Management Ltd. lowered its stake in shares of Concrete Pumping Holdings, Inc. (NASDAQ:BBCP) by 7.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 140,356 shares of the company’s stock after selling 10,849 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Concrete Pumping were worth $813,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BBCP. Dimensional Fund Advisors LP grew its stake in Concrete Pumping by 6.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,550,933 shares of the company’s stock valued at $9,322,000 after purchasing an additional 91,469 shares in the last quarter. Park Avenue Securities LLC grew its stake in shares of Concrete Pumping by 100.0% in the 2nd quarter. Park Avenue Securities LLC now owns 118,213 shares of the company’s stock valued at $710,000 after buying an additional 59,107 shares in the last quarter. Diamond Hill Capital Management Inc. increased its holdings in Concrete Pumping by 4.3% in the third quarter. Diamond Hill Capital Management Inc. now owns 1,095,124 shares of the company’s stock worth $6,341,000 after buying an additional 45,479 shares during the last quarter. Quadrature Capital Ltd bought a new position in Concrete Pumping during the first quarter valued at approximately $180,000. Finally, Empowered Funds LLC lifted its stake in Concrete Pumping by 5.3% in the third quarter. Empowered Funds LLC now owns 304,382 shares of the company’s stock valued at $1,762,000 after acquiring an additional 15,410 shares during the last quarter. 34.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on BBCP shares. DA Davidson dropped their price target on shares of Concrete Pumping from $9.00 to $8.50 and set a “buy” rating on the stock in a research note on Thursday, September 5th. UBS Group downgraded shares of Concrete Pumping from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $10.50 to $6.25 in a research report on Friday, September 6th. Finally, Robert W. Baird reduced their price target on Concrete Pumping from $7.50 to $6.50 and set a “neutral” rating for the company in a research report on Thursday, September 5th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $7.31.

Concrete Pumping Stock Performance

NASDAQ:BBCP opened at $7.01 on Friday. The firm has a market capitalization of $375.27 million, a PE ratio of 26.96 and a beta of 1.13. Concrete Pumping Holdings, Inc. has a 1 year low of $5.05 and a 1 year high of $8.48. The company has a current ratio of 1.54, a quick ratio of 1.44 and a debt-to-equity ratio of 1.19. The firm’s fifty day simple moving average is $5.76 and its 200 day simple moving average is $6.16.

Concrete Pumping (NASDAQ:BBCP) last issued its quarterly earnings results on Wednesday, September 4th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.05). Concrete Pumping had a net margin of 3.72% and a return on equity of 6.17%. The business had revenue of $109.62 million during the quarter, compared to analyst estimates of $126.10 million. During the same period in the prior year, the business posted $0.17 earnings per share. On average, sell-side analysts anticipate that Concrete Pumping Holdings, Inc. will post 0.27 EPS for the current year.

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.