Brave Asset Management Inc. Takes $163,000 Position in Forterra Inc (FRTA)

Brave Asset Management Inc. bought a new position in Forterra Inc (NASDAQ:FRTA) in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 36,245 shares of the construction company’s stock, valued at approximately $163,000. Brave Asset Management Inc. owned about 0.06% of Forterra at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Voya Investment Management LLC purchased a new position in Forterra in the 2nd quarter worth $104,000. Paradigm Capital Management Inc. NY acquired a new stake in Forterra during the 3rd quarter worth about $137,000. Rhumbline Advisers grew its position in Forterra by 28.7% during the 2nd quarter. Rhumbline Advisers now owns 19,598 shares of the construction company’s stock worth $161,000 after purchasing an additional 4,365 shares during the period. Taylor Asset Management Inc. acquired a new stake in Forterra during the 2nd quarter worth about $240,000. Finally, Swiss National Bank acquired a new stake in Forterra during the 2nd quarter worth about $264,000. Institutional investors own 99.85% of the company’s stock.

In other Forterra news, insider Mark D. Carpenter bought 16,500 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were purchased at an average cost of $4.48 per share, for a total transaction of $73,920.00. Following the transaction, the insider now directly owns 34,461 shares of the company’s stock, valued at $154,385.28. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John R. Mcpherson bought 23,449 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were acquired at an average price of $4.29 per share, for a total transaction of $100,596.21. Following the completion of the transaction, the director now directly owns 24,579 shares in the company, valued at $105,443.91. The disclosure for this purchase can be found here. Insiders have bought a total of 151,574 shares of company stock worth $632,916 over the last 90 days. Insiders own 0.33% of the company’s stock.

Shares of Forterra Inc (NASDAQ FRTA) opened at $9.22 on Tuesday. The company has a debt-to-equity ratio of 15.19, a current ratio of 2.56 and a quick ratio of 1.43. Forterra Inc has a 12-month low of $3.02 and a 12-month high of $22.76.

Several equities research analysts have weighed in on the company. Citigroup increased their price target on Forterra from $4.00 to $9.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. Zacks Investment Research raised Forterra from a “sell” rating to a “hold” rating in a research report on Thursday, September 7th. Barclays downgraded Forterra from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $15.00 to $4.00 in a research report on Friday, August 11th. ValuEngine downgraded Forterra from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Finally, Royal Bank Of Canada increased their price target on Forterra from $3.50 to $8.00 and gave the stock a “market perform” rating in a research report on Thursday, November 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $11.36.

TRADEMARK VIOLATION NOTICE: “Brave Asset Management Inc. Takes $163,000 Position in Forterra Inc (FRTA)” was originally reported by Community Financial News and is the property of of Community Financial News. If you are accessing this news story on another domain, it was copied illegally and republished in violation of United States & international copyright legislation. The original version of this news story can be viewed at https://www.com-unik.info/2017/12/05/brave-asset-management-inc-takes-163000-position-in-forterra-inc-frta.html.

Forterra Company Profile

Want to see what other hedge funds are holding FRTA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Forterra Inc (NASDAQ:FRTA).

Institutional Ownership by Quarter for Forterra (NASDAQ:FRTA)

What are top analysts saying about Forterra Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Forterra Inc and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit