Quantbot Technologies LP Has $292,000 Stock Position in Forestar Group Inc. (NYSE:FOR)

Quantbot Technologies LP trimmed its stake in Forestar Group Inc. (NYSE:FOR - Free Report) by 55.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,268 shares of the oil and gas exploration company's stock after selling 14,041 shares during the period. Quantbot Technologies LP's holdings in Forestar Group were worth $292,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FOR. Point72 DIFC Ltd acquired a new position in shares of Forestar Group in the third quarter valued at $32,000. R Squared Ltd acquired a new position in shares of Forestar Group in the 4th quarter valued at $95,000. Heck Capital Advisors LLC acquired a new position in shares of Forestar Group in the 4th quarter valued at $112,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Forestar Group during the 3rd quarter worth about $172,000. Finally, SG Americas Securities LLC boosted its position in shares of Forestar Group by 43.3% during the 4th quarter. SG Americas Securities LLC now owns 5,727 shares of the oil and gas exploration company's stock valued at $148,000 after acquiring an additional 1,731 shares in the last quarter. Institutional investors own 35.50% of the company's stock.

Analyst Ratings Changes

FOR has been the subject of a number of 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 for the company in a research note on Tuesday, January 28th. StockNews.com raised Forestar Group from a "sell" rating to a "hold" rating in a research note on Wednesday, February 26th. Finally, Citigroup lowered their price target on Forestar Group from $39.00 to $32.00 and set a "buy" rating on the stock in a research report on Thursday, January 23rd.

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Forestar Group Price Performance

Shares of NYSE FOR traded up $0.15 during mid-day trading on Monday, hitting $21.22. 118,414 shares of the stock were exchanged, compared to its average volume of 201,489. The company has a market cap of $1.08 billion, a P/E ratio of 5.94 and a beta of 1.75. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.50 and a current ratio of 0.50. Forestar Group Inc. has a twelve month low of $20.70 and a twelve month high of $40.86. The stock's fifty day simple moving average is $22.77 and its two-hundred day simple moving average is $27.26.

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

Insider Buying and Selling

In related news, CEO Anthony W. Oxley bought 4,300 shares of Forestar Group stock in a transaction dated Friday, February 14th. The shares were bought at an average cost of $23.14 per share, for a total transaction of $99,502.00. Following the completion of the transaction, the chief executive officer now owns 4,300 shares of the company's stock, valued at approximately $99,502. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.40% of the stock is owned by corporate insiders.

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.