Quantbot Technologies LP Raises Stake in Forestar Group Inc. (NYSE:FOR)

Quantbot Technologies LP lifted its position in Forestar Group Inc. (NYSE:FOR) by 55.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,309 shares of the oil and gas exploration company’s stock after purchasing an additional 9,053 shares during the period. Quantbot Technologies LP’s holdings in Forestar Group were worth $819,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Sierra Summit Advisors LLC increased its stake in Forestar Group by 2.2% in the 2nd quarter. Sierra Summit Advisors LLC now owns 17,166 shares of the oil and gas exploration company’s stock worth $549,000 after buying an additional 370 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Forestar Group by 4.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,831 shares of the oil and gas exploration company’s stock worth $286,000 after purchasing an additional 392 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Forestar Group by 115.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 924 shares of the oil and gas exploration company’s stock valued at $37,000 after purchasing an additional 495 shares during the period. CWM LLC lifted its holdings in Forestar Group by 111.6% in the 2nd quarter. CWM LLC now owns 1,060 shares of the oil and gas exploration company’s stock worth $34,000 after purchasing an additional 559 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Forestar Group by 7.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,920 shares of the oil and gas exploration company’s stock worth $349,000 after purchasing an additional 765 shares during the period. 35.50% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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

Forestar Group Trading Down 0.6 %

Forestar Group stock opened at $29.85 on Monday. Forestar Group Inc. has a 1 year low of $27.49 and a 1 year high of $40.92. The firm’s 50 day moving average price is $31.30 and its 200-day moving average price is $31.50. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.61 and a quick ratio of 1.61. The stock has a market cap of $1.51 billion, a P/E ratio of 7.44 and a beta of 1.76.

Forestar Group (NYSE:FOR) last posted its earnings results on Tuesday, October 29th. The oil and gas exploration company reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.29. The company had revenue of $551.40 million during the quarter, compared to analysts’ expectations of $503.76 million. Forestar Group had a net margin of 13.48% and a return on equity of 13.59%. Forestar Group’s quarterly revenue was up .3% on a year-over-year basis. During the same period last year, the company posted $1.44 earnings per share. On average, equities analysts predict 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.