Grandview Asset Management LLC acquired a new position in shares of US Concrete Inc (NASDAQ:USCR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 16,600 shares of the construction company’s stock, valued at approximately $586,000. Grandview Asset Management LLC owned approximately 0.10% of US Concrete at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of USCR. Millennium Management LLC increased its stake in shares of US Concrete by 37.1% during the 2nd quarter. Millennium Management LLC now owns 33,589 shares of the construction company’s stock worth $1,763,000 after purchasing an additional 9,084 shares in the last quarter. Advisors Asset Management Inc. grew its stake in US Concrete by 68.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 11,700 shares of the construction company’s stock worth $614,000 after acquiring an additional 4,747 shares during the period. Bank of New York Mellon Corp grew its stake in US Concrete by 51.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,078,115 shares of the construction company’s stock worth $109,101,000 after acquiring an additional 709,745 shares during the period. Northern Trust Corp grew its stake in US Concrete by 3.1% in the 2nd quarter. Northern Trust Corp now owns 209,402 shares of the construction company’s stock worth $10,994,000 after acquiring an additional 6,221 shares during the period. Finally, Malaga Cove Capital LLC grew its stake in US Concrete by 17.4% in the 3rd quarter. Malaga Cove Capital LLC now owns 21,121 shares of the construction company’s stock worth $974,000 after acquiring an additional 3,134 shares during the period.
Shares of NASDAQ USCR opened at $36.50 on Monday. US Concrete Inc has a 52-week low of $27.68 and a 52-week high of $79.60. The firm has a market cap of $613.93 million, a PE ratio of 13.47, a P/E/G ratio of 1.13 and a beta of 1.30. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.28 and a quick ratio of 1.10.
In other US Concrete news, Director Robert Martin Rayner bought 3,600 shares of US Concrete stock in a transaction that occurred on Thursday, December 6th. The shares were acquired at an average price of $38.01 per share, for a total transaction of $136,836.00. Following the acquisition, the director now owns 58,328 shares of the company’s stock, valued at approximately $2,217,047.28. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Theodore P. Rossi bought 10,000 shares of US Concrete stock in a transaction that occurred on Monday, December 17th. The shares were acquired at an average price of $34.85 per share, for a total transaction of $348,500.00. Following the acquisition, the director now directly owns 78,411 shares in the company, valued at approximately $2,732,623.35. The disclosure for this purchase can be found here. Insiders have bought a total of 64,100 shares of company stock valued at $2,207,936 over the last three months. Corporate insiders own 5.30% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This story was first reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this story on another domain, it was illegally stolen and republished in violation of United States & international trademark & copyright laws. The original version of this story can be accessed at https://www.chaffeybreeze.com/2019/02/11/grandview-asset-management-llc-acquires-shares-of-16600-us-concrete-inc-uscr.html.
About US Concrete
U.S. Concrete, Inc, through its subsidiaries, produces and sells ready-mixed concrete, aggregates, and concrete-related products and services to the construction industry in the United States and Canada. It operates through two segments, Ready-Mixed Concrete and Aggregate Products. 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-based product quality control, and customized delivery programs.
Featured Story: Federal Reserve
Want to see what other hedge funds are holding USCR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for US Concrete Inc (NASDAQ:USCR).
Receive News & Ratings for US Concrete Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for US Concrete and related companies with MarketBeat.com's FREE daily email newsletter.