What Next for U S Concrete Inc (NASDAQ:USCR) Stock After Increase in Shorted Shares?

March 14, 2018 - By Marry Poplack

 What Next for U S Concrete Inc (NASDAQ:USCR) Stock After Increase in Shorted Shares?

Investors sentiment decreased to 1.43 in 2017 Q3. Its down 0.21, from 1.64 in 2017Q2. It turned negative, 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.
Tower Rech Capital Lc (Trc) reported 0.01% of its portfolio in U.S. Concrete, Inc. (NASDAQ:USCR). Farmers Merchants Invests has 200 shares for 0% of their portfolio. State Of Tennessee Treasury Department has invested 0.01% in U.S. Concrete, Inc. (NASDAQ:USCR). State Board Of Administration Of Florida Retirement Sys holds 11,030 shares. Teachers Retirement Of The State Of Kentucky holds 0.01% in U.S. Concrete, Inc. (NASDAQ:USCR) or 5,900 shares. Advisory Services Ntwk Limited Liability Company owns 100 shares. First Heartland Consultants Incorporated accumulated 3,675 shares or 0.07% of the stock. Dubuque Bancshares Trust Co owns 5,365 shares or 0.07% of their US portfolio. Legal General Grp Public Ltd Company accumulated 27,458 shares. Dimensional Fund Advsrs L P invested 0.02% of its portfolio in U.S. Concrete, Inc. (NASDAQ:USCR). Quantitative Investment Mgmt Ltd Limited Liability Company accumulated 51,100 shares or 0.04% of the stock. Aqr Capital Mgmt Ltd reported 0% of its portfolio in U.S. Concrete, Inc. (NASDAQ:USCR). Arrowmark Colorado Hldgs Limited Liability reported 127,200 shares. State Of Alaska Department Of Revenue holds 0.01% or 2,951 shares. Emerald Mutual Fund Advisers Tru reported 0.98% in U.S. Concrete, Inc. (NASDAQ:USCR).

Since October 2, 2017, it had 0 insider purchases, and 13 selling transactions for $1.70 million activity. Kohutek Kevin sold $19,038 worth of stock. The insider Sutherland Colin McGill sold 130 shares worth $10,777. On Thursday, March 1 Peabody Mark Baker sold $70,000 worth of U.S. Concrete, Inc. (NASDAQ:USCR) or 1,000 shares. Another trade for 200 shares valued at $15,230 was sold by BEHRING DAVID ANDREW. $741,401 worth of stock was sold by SANDBROOK WILLIAM J on Thursday, January 25.

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 rating was maintained by Stifel Nicolaus on Tuesday, August 8 with “Buy”. The firm has “Buy” rating given on Friday, March 2 by Stifel Nicolaus. The company was maintained on Friday, November 3 by Stifel Nicolaus. The stock of U.S. Concrete, Inc. (NASDAQ:USCR) has “Buy” rating given on Thursday, April 21 by BB&T Capital. The firm earned “Neutral” rating on Tuesday, December 15 by Citigroup. The firm has “Neutral” rating given on Wednesday, April 20 by Sidoti. The firm has “Buy” rating by Stephens given on Monday, March 5. Sidoti initiated the stock with “Buy” rating in Tuesday, November 24 report. The rating was maintained by Stifel Nicolaus with “Buy” on Tuesday, September 26. The stock of U.S. Concrete, Inc. (NASDAQ:USCR) has “Buy” rating given on Thursday, June 9 by DA Davidson.

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 Prnewswire.com published the news titled: “US Concrete Announces Its Full Year 2017 And Fourth Quarter Results” on March 01, 2018. Seekingalpha.com‘s news article titled: “US Concrete’s (USCR) CEO Bill Sandbrook on Q4 2017 Results – Earnings Call …” with publication date: March 01, 2018 was also an interesting one.

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