Royce & Associates LP acquired a new stake in Forterra Inc (NASDAQ:FRTA) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 378,050 shares of the construction company’s stock, valued at approximately $1,701,000. Royce & Associates LP owned approximately 0.59% of Forterra as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also made changes to their positions in FRTA. Renaissance Technologies LLC acquired a new position in shares of Forterra in the 1st quarter valued at $702,000. Schwab Charles Investment Management Inc. boosted its holdings in shares of Forterra by 5.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 67,654 shares of the construction company’s stock valued at $1,320,000 after buying an additional 3,762 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Forterra by 28.7% in the 2nd quarter. Rhumbline Advisers now owns 19,598 shares of the construction company’s stock valued at $161,000 after buying an additional 4,365 shares in the last quarter. Taylor Asset Management Inc. acquired a new position in shares of Forterra in the 2nd quarter valued at $240,000. Finally, Swiss National Bank purchased a new stake in Forterra in the 2nd quarter valued at $264,000. Hedge funds and other institutional investors own 99.85% of the company’s stock.
Several analysts recently commented on the stock. BidaskClub upgraded shares of Forterra from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 3rd. Zacks Investment Research downgraded shares of Forterra from a “buy” rating to a “hold” rating in a research report on Monday, January 1st. Barclays set a $8.00 price target on shares of Forterra and gave the company a “hold” rating in a research report on Monday, January 8th. Stephens restated an “equal weight” rating and set a $9.00 price objective (up previously from $4.00) on shares of Forterra in a research report on Wednesday, November 15th. Finally, Royal Bank of Canada restated a “hold” rating and set a $9.00 price objective on shares of Forterra in a research report on Wednesday, November 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $11.50.
Shares of Forterra Inc (NASDAQ FRTA) traded down $0.31 on Friday, hitting $10.35. 461,032 shares of the stock were exchanged, compared to its average volume of 679,434. Forterra Inc has a 1-year low of $3.02 and a 1-year high of $20.60. The company has a quick ratio of 1.43, a current ratio of 2.56 and a debt-to-equity ratio of 15.19.
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