Balter Liquid Alternatives LLC bought a new stake in shares of Forterra Inc (NASDAQ:FRTA) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 38,918 shares of the construction company’s stock, valued at approximately $432,000.
A number of other large investors have also made changes to their positions in the stock. Frontier Capital Management Co. LLC increased its position in Forterra by 53.1% during the 4th quarter. Frontier Capital Management Co. LLC now owns 3,337,684 shares of the construction company’s stock valued at $37,048,000 after buying an additional 1,157,027 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Forterra by 151.5% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 78,212 shares of the construction company’s stock valued at $869,000 after purchasing an additional 47,112 shares during the period. Bank of Montreal Can increased its holdings in shares of Forterra by 379.5% in the fourth quarter. Bank of Montreal Can now owns 9,590 shares of the construction company’s stock valued at $107,000 after purchasing an additional 7,590 shares during the period. Royce & Associates LP acquired a new position in shares of Forterra in the third quarter valued at about $1,701,000. Finally, Brave Asset Management Inc. acquired a new position in shares of Forterra in the third quarter valued at about $163,000.
A number of research analysts have recently weighed in on FRTA shares. BidaskClub lowered Forterra from a “hold” rating to a “sell” rating in a report on Friday, January 26th. Barclays increased their price objective on Forterra from $4.00 to $7.00 and gave the company an “equal weight” rating in a report on Tuesday, November 14th. Goldman Sachs Group lowered Forterra from a “neutral” rating to a “sell” rating and set a $21.00 price objective on the stock. in a report on Tuesday, January 30th. ValuEngine lowered Forterra from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Finally, Zacks Investment Research raised Forterra from a “sell” rating to a “hold” rating in a report on Monday, October 16th. Three analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $12.69.
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Forterra, Inc is a manufacturer of pipe and precast products. The Company offers products for a range of water-related infrastructure applications, including water transmission, distribution and drainage. The Company operates approximately 95 facilities. Its products are available in the United States and Eastern Canada.
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