Bank of America Corp DE bought a new position in Construction Partners Inc (NASDAQ:ROAD) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 139,815 shares of the company’s stock, valued at approximately $1,841,000. Bank of America Corp DE owned about 0.27% of Construction Partners as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently made changes to their positions in the business. Summit Creek Advisors LLC bought a new position in Construction Partners in the second quarter worth $6,006,000. Penn Capital Management Co. Inc. purchased a new position in Construction Partners in the second quarter worth about $3,791,000. Broadview Advisors LLC bought a new stake in Construction Partners during the 2nd quarter valued at approximately $2,920,000. Massachusetts Financial Services Co. MA bought a new stake in Construction Partners during the 2nd quarter valued at approximately $8,888,000. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in Construction Partners during the 2nd quarter valued at approximately $203,000. 20.53% of the stock is currently owned by institutional investors and hedge funds.
Shares of Construction Partners stock traded up $0.07 during mid-day trading on Monday, reaching $9.86. 55,700 shares of the stock traded hands, compared to its average volume of 99,780. Construction Partners Inc has a fifty-two week low of $8.17 and a fifty-two week high of $14.06. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.94 and a quick ratio of 1.74.
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About Construction Partners
Construction Partners, Inc, an infrastructure and road construction company, provides construction products and services to public and private sectors. Its services cover construction of highways, roads, bridges, airports, and commercial and residential sites. The company provides site development, paving, utility and drainage systems, as well as supplies hot mix asphalt.
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