Forterra, Inc. (NASDAQ:FRTA) is now up 66.56% compared to a 12-month low of $3.02. We have seen the price to move -5.63% lower and get settled at $5.03 on Oct. 16, 2017. At recent session, it appeared stuck in a range of $4.98 to $5.45. This company shares are -21.67% up from its target price of $3.94 and the current market capitalization stands at $323.53M. The recent change has given its price a 6.71% lead over SMA 50 and -77.9% deficit over its 52-week high. The stock witnessed 22.38% gains, -39.83% declines and -71.57% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found FRTA’s volatility during a week at 7.02% and during a month it has been found around 7.48%.Forterra, Inc. (FRTA) Top Holders
Institutional investors currently hold around $342 million or 0% in FRTA stock. Look at its top three institutional owners. Lone Star Global Acquisitions, Ltd. owns $240.42 million in Forterra, Inc., which represents roughly 74.31% of the company’s market cap and approximately 70.3% of the institutional ownership. Similar statistics are true for the second largest owner, Capital World Investors, which owns 3,067,922 shares of the stock are valued at $16.35 million. The third largest holder is Pictet Asset Management Ltd, which currently holds $14.05 million worth of this stock and that ownership represents nearly 4.34% of its market capitalization.
At the end of June reporting period, 44 institutional holders increased their position in Forterra, Inc. (NASDAQ:FRTA) by some 8,960,848 shares, 49 decreased positions by 8,533,620 and 7 held positions by 46,749,015. That puts total institutional holdings at 64,243,483 shares, according to SEC filings. The stock grabbed 19 new institutional investments totaling 5,913,860 shares while 25 institutional investors sold out their entire positions totaling 3,899,342 shares.Forterra, Inc. (NASDAQ:FRTA) Insider Trades
Multiple company employees have indulged in significant insider trading. Forterra, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Wilbeck Grant has acquired 8,000 shares of Forterra, Inc. (FRTA) in trading session dated Sep. 15, 2017. These shares are worth $33,280 and were traded at $4.16 each. The SEC filing shows that Wilbeck Grant performed a purchase of 33,150 shares. The Director added these shares by way of transaction on Sep. 15, 2017. The company’s shares were assimilated at $4.16 per share worth to an investment of some $137,904 on account of Wilbeck Grant.
Director, Mcpherson John R, purchased 23,449 common shares of Forterra, Inc. (FRTA) in the open market. In a transaction dated Sep. 15, 2017, the shares were bought at an average price of $4.29, giving away a sum of $100,596. After this purchase, 24,579 common shares of FRTA are directly owned by the insider, with total stake valued at $123,632.
In the transaction dated Sep. 14, 2017, the great number of shares acquired came courtesy the; Carpenter Mark D added a total of 16,500 shares at an average price of $4.48, amounting to approximately $73,920. The insider now directly owns 34,461 shares worth $173,339.Forterra, Inc. (FRTA) Analyst Guide
Several analysts have released their opinion on Forterra, Inc. (NASDAQ:FRTA), with 3 analysts believing it is a strong buy. Whereas 5 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.25 average brokerage recommendation.