Forterra, Inc. (NASDAQ:FRTA) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System reduced its position in shares of Forterra, Inc. (NASDAQ:FRTA) by 8.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,048 shares of the construction company’s stock after selling 3,815 shares during the period. California State Teachers Retirement System owned 0.06% of Forterra worth $942,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Lazard Asset Management LLC boosted its stake in shares of Forterra by 276.9% during the 2nd quarter. Lazard Asset Management LLC now owns 1,726 shares of the construction company’s stock worth $40,000 after purchasing an additional 1,268 shares during the last quarter. Advisor Group Holdings Inc. boosted its stake in shares of Forterra by 90.4% during the 2nd quarter. Advisor Group Holdings Inc. now owns 3,262 shares of the construction company’s stock worth $77,000 after purchasing an additional 1,549 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Forterra by 738.4% during the 1st quarter. Royal Bank of Canada now owns 6,917 shares of the construction company’s stock worth $161,000 after purchasing an additional 6,092 shares during the last quarter. Principal Financial Group Inc. acquired a new stake in shares of Forterra during the 1st quarter worth about $244,000. Finally, Bridgefront Capital LLC acquired a new stake in Forterra in the second quarter valued at approximately $258,000. 93.39% of the stock is currently owned by institutional investors.

Shares of FRTA stock opened at $23.82 on Thursday. The company has a quick ratio of 1.20, a current ratio of 2.01 and a debt-to-equity ratio of 3.51. Forterra, Inc. has a one year low of $16.58 and a one year high of $23.95. The stock’s 50-day moving average is $23.70. The company has a market capitalization of $1.60 billion, a PE ratio of 14.61 and a beta of 2.30.

Forterra (NASDAQ:FRTA) last issued its quarterly earnings results on Wednesday, October 27th. The construction company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.13). Forterra had a return on equity of 47.37% and a net margin of 6.40%.

About Forterra

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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