Copper Rock Capital Partners Lowers stake in US Concrete Inc (USCR)

US Concrete Inc (USCR) : Copper Rock Capital Partners reduced its stake in US Concrete Inc by 0.48% during the most recent quarter end. The investment management company now holds a total of 406,280 shares of US Concrete Inc which is valued at $24.7 Million after selling 1,956 shares in US Concrete Inc according to a report filed by the company on Apr 5, 2016 with the SEC.US Concrete Inc makes up approximately 2.17% of Copper Rock Capital Partners’s portfolio.

On the company’s financial health, US Concrete Inc reported $0.92 EPS for the quarter, beating the analyst consensus estimate by $ 0.31 according to the earnings call on Mar 3, 2016. Analyst had a consensus of $0.61. The company had revenue of $263.60 million for the quarter, compared to analysts expectations of $252.61 million. The company’s revenue was up 46.9% compared to the same quarter last year.

Many Wall Street Analysts have commented on US Concrete Inc. US Concrete Inc was Upgraded by Citigroup to ” Buy” on Feb 5, 2016.

US Concrete Inc closed down -1.61 points or -2.58% at $60.89 with 3,51,869 shares getting traded on Monday. Post opening the session at $63.07, the shares hit an intraday low of $60.54 and an intraday high of $63.07 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

U.S. Concrete Inc. is a producer of ready-mixed concrete in select markets in the United States. The Company operates through two segments: ready-mixed concrete and aggregate products. Its ready-mixed concrete engages in the formulation production and delivery of ready-mixed concrete to its customers’ job sites. It provides ready-mixed concrete from its operations in north Texas west Texas northern California New Jersey New York Washington D.C. and Oklahoma. Its aggregate products segment produces crushed stone sand and gravel from seven aggregates facilities located in New Jersey and Texas. Its customers include contractors for commercial and industrial residential street and highway and other public works construction. It has approximately 139 ready-mixed concrete plants 16 volumetric ready-mixed concrete facilities and 12 producing aggregates facilities. Its Wantage Stone reserves a site development quarry which include an 80 acre land that is located in New Jersey.

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