Peregrine Capital Management LLC reduced its position in shares of FORTERRA INC (NASDAQ:FRTA) by 55.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 481,203 shares of the construction company’s stock after selling 599,281 shares during the period. Peregrine Capital Management LLC owned 0.75% of FORTERRA INC worth $3,960,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its position in FORTERRA INC by 328.6% in the first quarter. Goldman Sachs Group Inc. now owns 225,936 shares of the construction company’s stock worth $4,406,000 after buying an additional 173,216 shares in the last quarter. Credit Suisse AG increased its position in shares of FORTERRA INC by 19.6% in the first quarter. Credit Suisse AG now owns 378,198 shares of the construction company’s stock valued at $7,375,000 after buying an additional 61,871 shares in the last quarter. Sound Point Capital Management LP increased its position in shares of FORTERRA INC by 40.9% in the first quarter. Sound Point Capital Management LP now owns 949,645 shares of the construction company’s stock valued at $18,518,000 after buying an additional 275,504 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in shares of FORTERRA INC by 65.4% in the first quarter. Oppenheimer & Co. Inc. now owns 63,279 shares of the construction company’s stock valued at $1,234,000 after buying an additional 25,012 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of FORTERRA INC by 5.9% in the first 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. Hedge funds and other institutional investors own 98.30% of the company’s stock.
FORTERRA INC (NASDAQ FRTA) traded up 32.19% during trading on Friday, hitting $4.64. The stock had a trading volume of 5,033,256 shares. The company has a 50-day moving average of $8.29 and a 200-day moving average of $14.13. The stock’s market capitalization is $297.73 million. FORTERRA INC has a 52 week low of $3.19 and a 52 week high of $22.76.
FORTERRA INC (NASDAQ:FRTA) last released its quarterly earnings data on Thursday, August 10th. The construction company reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.09 by $0.11. The firm had revenue of $436.69 million for the quarter, compared to analysts’ expectations of $449.68 million. On average, equities analysts expect that FORTERRA INC will post $0.27 earnings per share for the current fiscal year.
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Several analysts recently weighed in on FRTA shares. Seaport Global Securities reissued a “buy” rating and set a $23.00 price target on shares of FORTERRA INC in a report on Friday, April 28th. Zacks Investment Research raised FORTERRA INC from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 9th. Royal Bank Of Canada reissued a “sector perform” rating and set a $16.00 price target (down from $23.00) on shares of FORTERRA INC in a report on Friday, May 12th. SunTrust Banks, Inc. cut FORTERRA INC from a “buy” rating to a “hold” rating and set a $14.00 price target for the company. in a report on Tuesday, May 16th. Finally, Citigroup Inc. cut FORTERRA INC from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $23.00 to $17.00 in a report on Tuesday, May 16th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $16.06.
FORTERRA INC Company Profile
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