PDT Partners LLC Purchases New Shares in Forestar Group Inc. (NYSE:FOR)

PDT Partners LLC acquired a new position in shares of Forestar Group Inc. (NYSE:FOR - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 22,585 shares of the oil and gas exploration company's stock, valued at approximately $731,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. CWM LLC boosted its stake in shares of 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 valued at $34,000 after purchasing an additional 559 shares during the last quarter. Family Firm Inc. bought a new position in Forestar Group in the second quarter worth approximately $34,000. EverSource Wealth Advisors LLC raised its position in shares of 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 worth $37,000 after purchasing an additional 495 shares during the period. nVerses Capital LLC increased its stake in Forestar Group by 500.0% during the 3rd quarter. nVerses Capital LLC now owns 1,200 shares of the oil and gas exploration company's stock valued at $39,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Innealta Capital LLC bought a new position in shares of Forestar Group in the second quarter valued at $112,000. Institutional investors and hedge funds own 35.50% of the company's stock.

Insider Activity

In related news, Director G.F. (Rick) Ringler III sold 2,000 shares of the stock in a transaction dated 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 directly owns 5,951 shares in the company, valued at $193,883.58. This represents a 25.15 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.49% of the company's stock.

Forestar Group Stock Down 0.0 %

Forestar Group stock traded down $0.01 during trading on Tuesday, hitting $29.71. 90,142 shares of the company were exchanged, compared to its average volume of 186,654. Forestar Group Inc. has a 52 week low of $27.49 and a 52 week high of $40.92. The company has a market capitalization of $1.51 billion, a P/E ratio of 7.41 and a beta of 1.72. The business's 50 day moving average is $31.23 and its 200 day moving average is $31.46. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.44.

Forestar Group (NYSE:FOR - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The oil and gas exploration company reported $1.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.31 by $0.29. Forestar Group had a net margin of 13.48% and a return on equity of 13.59%. The business had revenue of $551.40 million during the quarter, compared to the consensus estimate of $503.76 million. During the same quarter last year, the company posted $1.44 earnings per share. The firm's quarterly revenue was up .3% compared to the same quarter last year. Analysts predict that Forestar Group Inc. will post 3.67 earnings per share for the current year.

Forestar Group Company 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.