GSA Capital Partners LLP Acquires 1,266 Shares of Forestar Group Inc. (NYSE:FOR)

GSA Capital Partners LLP boosted its holdings in shares of Forestar Group Inc. (NYSE:FOR) by 6.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,696 shares of the oil and gas exploration company’s stock after purchasing an additional 1,266 shares during the period. GSA Capital Partners LLP’s holdings in Forestar Group were worth $670,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in shares of Forestar Group by 9.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,438,669 shares of the oil and gas exploration company’s stock worth $78,012,000 after buying an additional 201,032 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Forestar Group by 46.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 65,990 shares of the oil and gas exploration company’s stock valued at $2,111,000 after acquiring an additional 20,795 shares during the period. Hussman Strategic Advisors Inc. lifted its holdings in shares of Forestar Group by 75.0% during the second quarter. Hussman Strategic Advisors Inc. now owns 63,000 shares of the oil and gas exploration company’s stock valued at $2,015,000 after acquiring an additional 27,000 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Forestar Group in the 2nd quarter valued at $285,000. Finally, Los Angeles Capital Management LLC grew its holdings in shares of Forestar Group by 73.5% in the 3rd quarter. Los Angeles Capital Management LLC now owns 62,237 shares of the oil and gas exploration company’s stock worth $2,015,000 after purchasing an additional 26,360 shares during the last quarter. 35.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. cut their price target on shares of Forestar Group from $37.50 to $36.00 and set a “neutral” rating for the company in a report on Thursday, July 25th.

Insider Buying and Selling

In other news, Director G.F. (Rick) Ringler III sold 2,000 shares of the business’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $32.58, for a total transaction of $65,160.00. Following the completion of the sale, the director now owns 5,951 shares in the company, valued at $193,883.58. The trade was a 25.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.49% of the stock is currently owned by corporate insiders.

Forestar Group Price Performance

Forestar Group stock opened at $29.40 on Monday. The business’s fifty day moving average is $31.74 and its two-hundred day moving average is $31.80. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.50 and a current ratio of 1.61. The firm has a market cap of $1.49 billion, a P/E ratio of 7.33 and a beta of 1.76. Forestar Group Inc. has a 52 week low of $27.49 and a 52 week high of $40.92.

Forestar Group (NYSE:FOR) last issued its quarterly earnings results on Tuesday, October 29th. The oil and gas exploration company reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.29. The business had revenue of $551.40 million for the quarter, compared to the consensus estimate of $503.76 million. Forestar Group had a net margin of 13.48% and a return on equity of 13.59%. The firm’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.44 EPS. Equities research analysts forecast that Forestar Group Inc. will post 3.67 earnings per share for the current fiscal year.

Forestar Group Profile

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.