Harraden Circle Investments LLC Takes $17.65 Million Position in Suncrete $RMIX

Harraden Circle Investments LLC acquired a new position in Suncrete (NASDAQ:RMIX) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 783,260 shares of the company’s stock, valued at approximately $17,647,000. Suncrete comprises approximately 1.7% of Harraden Circle Investments LLC’s investment portfolio, making the stock its 22nd largest position. Harraden Circle Investments LLC owned 1.09% of Suncrete as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Susquehanna International Group LLP acquired a new stake in Suncrete during the 2nd quarter worth $285,000. Bank of New York Mellon Corp acquired a new position in Suncrete during the second quarter valued at approximately $27,360,000. Finally, Alyeska Investment Group L.P. acquired a new position in Suncrete during the second quarter valued at approximately $78,044,000. Institutional investors and hedge funds own 71.07% of the company’s stock.

Suncrete Trading Up 3.2%

Suncrete stock opened at $16.70 on Friday. Suncrete has a 12 month low of $9.20 and a 12 month high of $25.50. The company has a 50 day moving average price of $18.65. The company has a quick ratio of 1.15, a current ratio of 1.40 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $1.23 billion, a P/E ratio of -119.29 and a beta of 0.71.

Suncrete (NASDAQ:RMIX) last released its quarterly earnings results on Friday, August 14th. The company reported ($0.72) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.70). The company had revenue of $97.23 million during the quarter, compared to analyst estimates of $104.93 million. The firm’s revenue was up 146.2% compared to the same quarter last year. As a group, equities research analysts predict that Suncrete will post -0.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

RMIX has been the topic of several analyst reports. Roth Capital initiated coverage on shares of Suncrete in a report on Thursday, May 14th. They issued a “buy” rating and a $21.00 target price on the stock. Jefferies Financial Group reiterated a “buy” rating and issued a $22.00 price target on shares of Suncrete in a research note on Tuesday, August 18th. Robert W. Baird assumed coverage on Suncrete in a report on Wednesday, May 27th. They set an “outperform” rating and a $21.00 target price on the stock. Weiss Ratings raised Suncrete from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, August 14th. Finally, Wall Street Zen upgraded Suncrete to a “sell” rating in a research note on Saturday, June 13th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $22.25.

Suncrete Company Profile

Haymaker Acquisition Corp. 4 is a blank check company. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other business combination with one or more businesses or entities. Haymaker Acquisition Corp. 4 is based in New York.