O Shaughnessy Asset Management LLC Trims Stock Position in Forestar Group Inc. (NYSE:FOR)

O Shaughnessy Asset Management LLC lowered its stake in Forestar Group Inc. (NYSE:FOR - Free Report) by 31.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 57,959 shares of the oil and gas exploration company's stock after selling 26,399 shares during the quarter. O Shaughnessy Asset Management LLC owned about 0.11% of Forestar Group worth $1,502,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of FOR. First Eagle Investment Management LLC raised its position in shares of Forestar Group by 26.4% during the 4th quarter. First Eagle Investment Management LLC now owns 479,669 shares of the oil and gas exploration company's stock valued at $12,433,000 after buying an additional 100,100 shares in the last quarter. American Century Companies Inc. grew its holdings in Forestar Group by 11.3% during the 4th quarter. American Century Companies Inc. now owns 584,222 shares of the oil and gas exploration company's stock valued at $15,143,000 after purchasing an additional 59,427 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Forestar Group by 77.3% during the 4th quarter. JPMorgan Chase & Co. now owns 134,238 shares of the oil and gas exploration company's stock valued at $3,479,000 after purchasing an additional 58,525 shares during the last quarter. Swedbank AB bought a new position in Forestar Group during the 4th quarter valued at about $1,296,000. Finally, Principal Financial Group Inc. grew its holdings in Forestar Group by 13.7% during the 3rd quarter. Principal Financial Group Inc. now owns 360,471 shares of the oil and gas exploration company's stock valued at $11,668,000 after purchasing an additional 43,369 shares during the last quarter. Hedge funds and other institutional investors own 35.50% of the company's stock.

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Insider Buying and Selling

In other Forestar Group news, CEO Anthony W. Oxley bought 4,300 shares of the company's stock in a transaction that occurred on Friday, February 14th. The shares were purchased at an average cost of $23.14 per share, for a total transaction of $99,502.00. Following the purchase, the chief executive officer now directly owns 4,300 shares in the company, valued at $99,502. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.40% of the stock is owned by company insiders.

Forestar Group Stock Down 5.0 %

Shares of FOR stock traded down $1.03 during trading hours on Thursday, reaching $19.40. 9,023 shares of the company's stock were exchanged, compared to its average volume of 181,646. Forestar Group Inc. has a fifty-two week low of $18.63 and a fifty-two week high of $39.60. The stock's 50 day moving average is $22.02 and its 200-day moving average is $26.49. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.50. The company has a market cap of $983.30 million, a price-to-earnings ratio of 5.43 and a beta of 1.53.

Forestar Group (NYSE:FOR - Get Free Report) last announced its earnings results on Tuesday, January 21st. The oil and gas exploration company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.33). Forestar Group had a return on equity of 11.74% and a net margin of 12.50%. The business had revenue of $250.40 million for the quarter, compared to analysts' expectations of $318.00 million. The business's revenue for the quarter was down 18.1% on a year-over-year basis. Analysts predict that Forestar Group Inc. will post 3.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FOR has been the topic of several analyst reports. JPMorgan Chase & Co. cut their price target on shares of Forestar Group from $37.00 to $30.00 and set a "neutral" rating on the stock in a report on Tuesday, January 28th. Citigroup dropped their price objective on shares of Forestar Group from $39.00 to $32.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. Finally, StockNews.com raised Forestar Group from a "sell" rating to a "hold" rating in a research report on Wednesday, February 26th.

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.