A Reversal for U S Concrete Inc (NASDAQ:USCR) Is Not Near. The Stock Has Rise in Shorts

March 14, 2018 - By Migdalia James

 A Reversal for U S Concrete Inc (NASDAQ:USCR) Is Not Near. The Stock Has Rise in Shorts

Investors sentiment decreased to 1.43 in Q3 2017. Its down 0.21, from 1.64 in 2017Q2. It fall, as 20 investors sold U.S. Concrete, Inc. shares while 63 reduced holdings. 46 funds opened positions while 73 raised stakes. 17.41 million shares or 2.08% less from 17.78 million shares in 2017Q2 were reported.
Emerald Advisers Inc Pa holds 363,192 shares or 1.13% of its portfolio. Teachers Insurance & Annuity Association Of America has invested 0.02% in U.S. Concrete, Inc. (NASDAQ:USCR). Blackrock owns 1.87M shares for 0.01% of their portfolio. Oppenheimer And Incorporated reported 0.01% stake. The Montana-based Da Davidson Commerce has invested 0.01% in U.S. Concrete, Inc. (NASDAQ:USCR). Boston Ltd Limited Liability Company has 0.13% invested in U.S. Concrete, Inc. (NASDAQ:USCR). Gm Advisory Gru Incorporated owns 136,336 shares or 3.17% of their US portfolio. Pinebridge Invests Lp, New York-based fund reported 1,868 shares. Toth Fincl Advisory Corp, Virginia-based fund reported 7,640 shares. Laurion Mngmt L P reported 3,600 shares. Strs Ohio reported 103,292 shares or 0.03% of all its holdings. Columbus Circle Investors holds 0.25% or 191,774 shares. Balyasny Asset Management Ltd Liability Company reported 44,766 shares. Bowen Hanes has invested 0.15% in U.S. Concrete, Inc. (NASDAQ:USCR). Dupont Corporation holds 0.55% or 320,368 shares.

Since October 2, 2017, it had 0 insider buys, and 13 insider sales for $1.70 million activity. On Monday, October 2 Kohutek Kevin sold $19,038 worth of U.S. Concrete, Inc. (NASDAQ:USCR) or 250 shares. Pruitt Ronnie A sold $36,750 worth of stock. Shares for $741,401 were sold by SANDBROOK WILLIAM J. Shares for $9,802 were sold by Sutherland Colin McGill. Shares for $70,000 were sold by Peabody Mark Baker.

The stock of U S Concrete Inc (NASDAQ:USCR) registered an increase of 8.42% in short interest. USCR’s total short interest was 4.47M shares in March as published by FINRA. Its up 8.42% from 4.12 million shares, reported previously. With 367,300 shares average volume, it will take short sellers 12 days to cover their USCR’s short positions. The short interest to U S Concrete Inc’s float is 29.46%.

The stock increased 0.92% or $0.6 during the last trading session, reaching $65.8. About 448,998 shares traded or 28.51% up from the average. U.S. Concrete, Inc. (NASDAQ:USCR) has risen 14.26% since March 14, 2017 and is uptrending. It has underperformed by 2.44% the S&P500.

U.S. Concrete, Inc., through its subsidiaries, produces and sells ready-mixed concrete, aggregates, and concrete-related services and products to the construction industry in the United States and Canada. The company has market cap of $1.10 billion. It operates through two divisions, Ready-Mixed Concrete and Aggregate Products. It has a 83.61 P/E ratio. The Ready-Mixed Concrete segment engages in the formulation, preparation, and delivery of ready-mixed concrete to customers' job sites; and the provision of various services that include the formulation of mixtures for specific design uses, on-site and lab product quality control, and customized delivery programs.

U.S. Concrete, Inc. (NASDAQ:USCR) Ratings Coverage

Among 7 analysts covering U.S. Concrete (NASDAQ:USCR), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. U.S. Concrete had 12 analyst reports since November 24, 2015 according to SRatingsIntel. The stock has “Buy” rating by Stifel Nicolaus on Tuesday, August 8. The firm earned “Neutral” rating on Tuesday, December 15 by Citigroup. Sidoti downgraded the stock to “Neutral” rating in Wednesday, April 20 report. The stock of U.S. Concrete, Inc. (NASDAQ:USCR) earned “Buy” rating by Stifel Nicolaus on Friday, November 3. The company was initiated on Tuesday, November 24 by Sidoti. Stifel Nicolaus maintained it with “Buy” rating and $88.0 target in Friday, March 2 report. The stock of U.S. Concrete, Inc. (NASDAQ:USCR) earned “Buy” rating by Stephens on Monday, March 5. The company was initiated on Thursday, April 21 by BB&T Capital. DA Davidson initiated the shares of USCR in report on Thursday, June 9 with “Buy” rating. The stock of U.S. Concrete, Inc. (NASDAQ:USCR) has “Buy” rating given on Tuesday, September 26 by Stifel Nicolaus.

More recent U.S. Concrete, Inc. (NASDAQ:USCR) news were published by: Seekingalpha.com which released: “US Concrete’s (USCR) CEO Bill Sandbrook on Q4 2017 Results – Earnings Call …” on March 01, 2018. Also Prnewswire.com published the news titled: “US Concrete Announces Its Full Year 2017 And Fourth Quarter Results” on March 01, 2018. Prnewswire.com‘s news article titled: “SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating US Concrete …” with publication date: February 14, 2018 was also an interesting one.

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