U.S. Concrete (NASDAQ:USCR) Reaching An Inflection Point; Citigroup Coverage Initiated as “Neutral”


How Citigroup Currently Rates U.S. Concrete (NASDAQ:USCR)

In an interesting research report shared with investors today, Citigroup analysts started U.S. Concrete (NASDAQ:USCR) coverage with “Neutral” rating.

Approximately 21,621 shares of stock traded hands. US Concrete Inc (NASDAQ:USCR) has risen 45.03% since May 12, 2015 and is uptrending. It has outperformed by 48.70% the S&P500.

The overall sentiment of institutions has decreased to 1.2 in Q2 2015. Its down 0.09, from 1.29 in 2015Q2. The ratio worsened, as 16 institutions have sold all the shares of US Concrete Inc that they owned while 53 funds have taken shares off the table. 28 funds have purchased shares for the first time while 55 added to their positions. These institutions now hold 12.26 million shares or 9.80% less than the 13.59 million shares they owned in 2015Q2.

The Fund Ack Asset Management Llc currently is holding shares equating to 12.09% of its total portfolio in US Concrete Inc representing a total of 604,200 shares. Another fund,Zelman Capital Llc, is holding a total of 376,927 shares equating to 6.31% of their holdings. Additionally, Lyon Street Capital Llc has a 120,058 share stake in US Concrete Inc which represents 4.16% of their total portfolio. The Fund, New Generation Advisors Llc, based out of Massachusetts, has also built up a stake in the stock, which represents a total of 3.64% of their total portfolio. Finally Rk Capital Management Llc, a fund which is based in the state of Colorado reported a total holdings of 277,253 shares.

Insider activity is a very important aspect to track on any stock. Going back to March 24, 2015, shareholders of US Concrete Inc have witnessed 0 insider purchases, and a total of 6 selling transactions equating to a net activity of approximately $2.10 million . Sutherland Colin Mcgill sold 4,000 shares worth approximately $216,112. Sandbrook William J sold 6,500 shares worth approximately $303,737. Davis Jeff L sold 6,632 shares worth approximately $331,874. Cellar Kurt Matthew sold 13,094 shares worth approximately $744,610. The company insider Roberts Jeffrey W sold 5,377 shares worth $298,424.

U.S. Concrete, Inc. is a producer of ready-mixed concrete in select markets in the United States. The company has a market cap of $794.11 million. The Firm operates through two divisions: ready-mixed concrete and aggregate products. It has 447.09 P/E ratio. The Company’s ready-mixed concrete engages in the formulation, production and delivery of ready-mixed concrete to its customers’ job sites.

According to Zacks Investment Research, “U.S. Concrete Inc. operates as a provider of ready-mixed concrete and concrete-related products and services to the construction industry in the United States. The Company operates in two segments: ready-mixed concrete and concrete-related products; and precast concrete. The Company’s ready-mixed concrete and concrete-related products segment produces and sells ready-mixed concrete, aggregates (crushed stone, sand and gravel), concrete masonry and building materials. Its precast concrete products segment produces and sells precast concrete products. Markets served by the Company include west Texas, northern California, New Jersey, New York, Washington, D.C., Oklahoma and the mid-Atlantic region. U.S. Concrete Inc. is based in Houston, Texas, USA.”