Quest Partners LLC Has $40,000 Stock Holdings in Forestar Group Inc. (NYSE:FOR)

Quest Partners LLC reduced its stake in Forestar Group Inc. (NYSE:FOR) by 77.8% during the second quarter, Holdings Channel.com reports. The fund owned 1,242 shares of the oil and gas exploration company’s stock after selling 4,362 shares during the period. Quest Partners LLC’s holdings in Forestar Group were worth $40,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Transcendent Capital Group LLC bought a new position in Forestar Group during the 1st quarter worth approximately $32,000. CWM LLC raised its stake in Forestar Group by 111.6% during the second quarter. CWM LLC now owns 1,060 shares of the oil and gas exploration company’s stock worth $34,000 after buying an additional 559 shares during the last quarter. Family Firm Inc. acquired a new position in Forestar Group in the second quarter valued at $34,000. EverSource Wealth Advisors LLC boosted its position in Forestar Group by 115.4% during the first quarter. EverSource Wealth Advisors LLC now owns 924 shares of the oil and gas exploration company’s stock valued at $37,000 after acquiring an additional 495 shares during the last quarter. Finally, Innealta Capital LLC acquired a new stake in Forestar Group during the 2nd quarter worth about $112,000. 35.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FOR. Citigroup dropped their price objective on Forestar Group from $46.00 to $43.00 and set a “buy” rating on the stock in a research note on Tuesday, July 2nd. JPMorgan Chase & Co. cut their price target on Forestar Group from $37.50 to $36.00 and set a “neutral” rating on the stock in a report on Thursday, July 25th. Finally, BTIG Research lowered their price objective on shares of Forestar Group from $41.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, July 19th.

Insider Buying and Selling at Forestar Group

In other Forestar Group news, Director Elizabeth Parmer sold 1,547 shares of the firm’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $32.24, for a total value of $49,875.28. Following the transaction, the director now directly owns 1,548 shares of the company’s stock, valued at $49,907.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Forestar Group news, Director G.F. (Rick) Ringler III sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $31.38, for a total transaction of $62,760.00. Following the completion of the sale, the director now directly owns 7,951 shares of the company’s stock, valued at approximately $249,502.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Elizabeth Parmer sold 1,547 shares of the stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $32.24, for a total value of $49,875.28. Following the completion of the sale, the director now directly owns 1,548 shares of the company’s stock, valued at $49,907.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,095 shares of company stock worth $159,887. 0.49% of the stock is owned by corporate insiders.

Forestar Group Stock Performance

Shares of FOR opened at $32.96 on Thursday. Forestar Group Inc. has a one year low of $22.71 and a one year high of $40.92. The company has a market cap of $1.67 billion, a PE ratio of 8.20 and a beta of 1.76. The stock has a 50-day moving average of $30.94 and a 200-day moving average of $33.05. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.50 and a quick ratio of 1.50.

Forestar Group (NYSE:FOR) last announced its quarterly earnings data on Thursday, July 18th. The oil and gas exploration company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.13). Forestar Group had a net margin of 12.89% and a return on equity of 13.48%. The firm had revenue of $318.40 million during the quarter, compared to analyst estimates of $370.50 million. On average, equities research analysts predict that Forestar Group Inc. will post 3.72 EPS for the current fiscal year.

About Forestar Group

Forestar Group Inc operates as a residential lot development company in the United States. The company acquires land and develops infrastructure for single-family residential communities. It sells its residential single-family finished lots to local, regional, and national homebuilders. The company was incorporated in 2005 and is headquartered in Arlington, Texas.