Citigroup Inc. Buys 92,185 Shares of Forterra, Inc. (NASDAQ:FRTA)

Citigroup Inc. increased its stake in Forterra, Inc. (NASDAQ:FRTA) by 34.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 357,416 shares of the construction company’s stock after purchasing an additional 92,185 shares during the period. Citigroup Inc.’s holdings in Forterra were worth $8,403,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Group One Trading L.P. increased its position in shares of Forterra by 54.9% in the first quarter. Group One Trading L.P. now owns 1,704 shares of the construction company’s stock worth $40,000 after purchasing an additional 604 shares during the period. Federated Hermes Inc. increased its position in shares of Forterra by 75.7% in the first quarter. Federated Hermes Inc. now owns 2,690 shares of the construction company’s stock worth $63,000 after purchasing an additional 1,159 shares during the period. Advisor Group Holdings Inc. grew its position in Forterra by 90.4% in the second quarter. Advisor Group Holdings Inc. now owns 3,262 shares of the construction company’s stock valued at $77,000 after acquiring an additional 1,549 shares during the last quarter. FORA Capital LLC grew its position in Forterra by 55.7% in the first quarter. FORA Capital LLC now owns 4,303 shares of the construction company’s stock valued at $100,000 after acquiring an additional 1,539 shares during the last quarter. Finally, Royal Bank of Canada grew its position in Forterra by 738.4% in the first quarter. Royal Bank of Canada now owns 6,917 shares of the construction company’s stock valued at $161,000 after acquiring an additional 6,092 shares during the last quarter. Institutional investors own 93.38% of the company’s stock.

Forterra stock opened at $23.00 on Thursday. Forterra, Inc. has a 12-month low of $10.51 and a 12-month high of $23.95. The company has a quick ratio of 1.12, a current ratio of 1.95 and a debt-to-equity ratio of 4.08. The business’s 50-day moving average price is $23.55 and its two-hundred day moving average price is $23.47. The stock has a market cap of $1.54 billion, a PE ratio of 14.94 and a beta of 2.44.

Forterra (NASDAQ:FRTA) last released its earnings results on Wednesday, July 28th. The construction company reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.01). Forterra had a net margin of 6.25% and a return on equity of 50.94%. The business had revenue of $492.80 million during the quarter.

Forterra Profile

Forterra, Inc is a holding company, which engages in the manufacture and sale of pipe and precast products. It operates through the flowing segments: Drainage Pipe & Products, Water Pipe & Products, and Corporate and Other. The Drainage Pipe & Products segment produces concrete drainage pipe and precast products in the United States and Eastern Canada.

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Institutional Ownership by Quarter for Forterra (NASDAQ:FRTA)

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