U S Concrete Inc (NASDAQ:USCR) Could Burn Your Long Portfolio After More Shorts

March 14, 2018 - By Richard Conner

 U S Concrete Inc (NASDAQ:USCR) Could Burn Your Long Portfolio After More Shorts

Investors sentiment decreased to 1.43 in Q3 2017. Its down 0.21, from 1.64 in 2017Q2. It dropped, 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.
Deutsche Commercial Bank Ag has invested 0% in U.S. Concrete, Inc. (NASDAQ:USCR). Bnp Paribas Arbitrage reported 7,641 shares. Moreover, Tower Research Cap Ltd Limited Liability Company (Trc) has 0.01% invested in U.S. Concrete, Inc. (NASDAQ:USCR). Tocqueville Asset Mgmt Lp stated it has 479,865 shares. Copper Rock Prns Limited Liability Company holds 343,693 shares or 1.74% of its portfolio. Eulav Asset Management reported 26,500 shares. Peddock Capital Advsr Ltd Liability Com stated it has 753 shares or 0.03% of all its holdings. Jpmorgan Chase has 0% invested in U.S. Concrete, Inc. (NASDAQ:USCR) for 13,055 shares. Envestnet Asset Management stated it has 406 shares. Great West Life Assurance Com Can invested in 21,326 shares or 0% of the stock. Nj State Employees Deferred Compensation Plan holds 0.17% in U.S. Concrete, Inc. (NASDAQ:USCR) or 12,000 shares. Daiwa reported 22,600 shares. Teachers Retirement Sys Of The State Of Kentucky reported 5,900 shares. Credit Suisse Ag holds 17,311 shares or 0% of its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) owns 0% invested in U.S. Concrete, Inc. (NASDAQ:USCR) for 358 shares.

Since October 2, 2017, it had 0 buys, and 13 sales for $1.70 million activity. $741,401 worth of U.S. Concrete, Inc. (NASDAQ:USCR) was sold by SANDBROOK WILLIAM J. On Wednesday, February 28 the insider Pruitt Ronnie A sold $36,750. BEHRING DAVID ANDREW had sold 200 shares worth $15,600. Shares for $19,725 were sold by Kohutek Kevin on Thursday, February 1. 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 4.12M 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 rating was maintained by Stifel Nicolaus on Friday, March 2 with “Buy”. The stock of U.S. Concrete, Inc. (NASDAQ:USCR) earned “Buy” rating by Sidoti on Tuesday, November 24. DA Davidson initiated the stock with “Buy” rating in Thursday, June 9 report. The rating was maintained by SunTrust on Thursday, October 26 with “Buy”. Stifel Nicolaus maintained the shares of USCR in report on Tuesday, September 26 with “Buy” rating. The stock has “Buy” rating by Stifel Nicolaus on Friday, November 3. Stephens maintained it with “Buy” rating and $84.0 target in Monday, March 5 report. Sidoti downgraded U.S. Concrete, Inc. (NASDAQ:USCR) on Wednesday, April 20 to “Neutral” rating. As per Thursday, April 21, the company rating was initiated by BB&T Capital. The rating was maintained by Stifel Nicolaus on Tuesday, August 8 with “Buy”.

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

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