Forterra, Inc. (FRTA) Recent Ownership Changes

Forterra, Inc. (NASDAQ:FRTA) has made a 209.6% comeback from a 12-month low price of $3.02. It was seen -4.98% lower, changing the price to $9.35, when the closing bell rang on 12/01/2017. At recent session, the prices were hovering between $9.08 and $9.98. This company shares are -30.48% up from its target price of $6.5 and the current market capitalization stands at $596.52M. The recent change has given its price a 51.16% lead over SMA 50 and -58.92% deficit over its 52-week high. The stock witnessed 87% gains, 179.94% gains and 24.01% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found FRTA’s volatility during a week at 9.68% and during a month it has been found around 10.2%.

Forterra, Inc. (FRTA) Top Holders

Institutional investors currently hold around $609 million or 0% in FRTA stock. Look at its top three institutional owners. Lone Star Global Acquisitions, Ltd. owns $421.75 million in Forterra, Inc., which represents roughly 70.7% of the company’s market cap and approximately 69.25% of the institutional ownership. Similar statistics are true for the second largest owner, Pictet Asset Management Ltd, which owns 2,636,865 shares of the stock are valued at $24.66 million. The third largest holder is Frontier Capital Management Co Llc, which currently holds $20.39 million worth of this stock and that ownership represents nearly 3.42% of its market capitalization.

Forterra, Inc. 13F Filings

At the end of 9/30/2017 reporting period, 49 institutional holders increased their position in Forterra, Inc. (NASDAQ:FRTA) by some 7,872,558 shares, 38 decreased positions by 6,455,394 and 15 held positions by 50,799,582. That puts total institutional holdings at 65,127,534 shares, according to SEC filings. The stock grabbed 26 new institutional investments totaling 5,714,388 shares while 17 institutional investors sold out their entire positions totaling 5,170,473 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 $229,814.

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 $322,210.

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 4 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.14 average brokerage recommendation.

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