Coe Capital Management buys $8,438,456 stake in US Concrete Inc (USCR)

US Concrete Inc (USCR) : Coe Capital Management scooped up 126,582 additional shares in US Concrete Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 147,268 shares of US Concrete Inc which is valued at $8,438,456.US Concrete Inc makes up approximately 2.58% of Coe Capital Management’s portfolio.

Other Hedge Funds, Including , Gsa Capital Partners Llp added USCR to its portfolio by purchasing 38,506 company shares during the most recent quarter which is valued at $2,206,394. US Concrete Inc makes up approx 0.12% of Gsa Capital Partners Llp’s portfolio.Huntington National Bank reduced its stake in USCR by selling 12 shares or 3.03% in the most recent quarter. The Hedge Fund company now holds 384 shares of USCR which is valued at $19,008. Capital Fund Management S.a. sold out all of its stake in USCR during the most recent quarter. The investment firm sold 6,700 shares of USCR which is valued $331,650.Rothschild Asset Management Inc boosted its stake in USCR in the latest quarter, The investment management firm added 18,996 additional shares and now holds a total of 292,116 shares of US Concrete Inc which is valued at $14,576,588. US Concrete Inc makes up approx 0.26% of Rothschild Asset Management Inc’s portfolio.Louisiana State Employees Retirement System boosted its stake in USCR in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 6,300 shares of US Concrete Inc which is valued at $310,716. US Concrete Inc makes up approx 0.02% of Louisiana State Employees Retirement System’s portfolio.

US Concrete Inc closed down -0.1 points or -0.18% at $56.85 with 2,93,163 shares getting traded on Monday. Post opening the session at $56.95, the shares hit an intraday low of $56.15 and an intraday high of $57 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, US Concrete Inc reported $1.19 EPS for the quarter, missing the analyst consensus estimate by $ -0.14 based on the information available during the earnings call on Nov 3, 2016. Analyst had a consensus of $1.33. The company had revenue of $328.60 million for the quarter, compared to analysts expectations of $336.82 million. The company’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.97 EPS.

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.

Leave a Reply

US Concrete Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on US Concrete Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.