Quantbot Technologies LP Cuts Position in Forestar Group Inc. (NYSE:FOR)

Quantbot Technologies LP lessened its holdings in shares of Forestar Group Inc. (NYSE:FOR - Free Report) by 55.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. lifted its position in Forestar Group by 4.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,831 shares of the oil and gas exploration company's stock valued at $286,000 after acquiring an additional 392 shares during the last quarter. Carolina Wealth Advisors LLC increased its position in shares of Forestar Group by 2.3% during the fourth quarter. Carolina Wealth Advisors LLC now owns 20,589 shares of the oil and gas exploration company's stock worth $534,000 after purchasing an additional 454 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Forestar Group by 10.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 6,562 shares of the oil and gas exploration company's stock valued at $170,000 after purchasing an additional 602 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in shares of Forestar Group in the 3rd quarter valued at about $32,000. Finally, Charles Schwab Investment Management Inc. grew its stake in Forestar Group by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 160,056 shares of the oil and gas exploration company's stock worth $4,149,000 after buying an additional 1,097 shares during the last quarter. Hedge funds and other institutional investors own 35.50% of the company's stock.

Analyst Upgrades and Downgrades

FOR has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their price objective on 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 shares of Forestar Group from a "sell" rating to a "hold" rating in a report on Wednesday, February 26th. Finally, Citigroup decreased their price target on shares of Forestar Group from $39.00 to $32.00 and set a "buy" rating for the company in a research note on Thursday, January 23rd.

Insiders Place Their Bets

In other news, CEO Anthony W. Oxley acquired 4,300 shares of Forestar Group stock in a transaction that occurred on Friday, February 14th. The stock was purchased at an average price of $23.14 per share, for a total transaction of $99,502.00. Following the completion of the transaction, the chief executive officer now directly owns 4,300 shares in the company, valued at approximately $99,502. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.40% of the stock is owned by insiders.

Forestar Group Stock Performance

FOR stock traded up $0.23 during trading on Wednesday, hitting $21.42. The company had a trading volume of 129,405 shares, compared to its average volume of 180,471. The firm has a 50-day moving average price of $22.55 and a 200-day moving average price of $27.08. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.50. The firm has a market cap of $1.09 billion, a PE ratio of 6.00 and a beta of 1.75. Forestar Group Inc. has a 1-year low of $20.70 and a 1-year high of $40.79.

Forestar Group (NYSE:FOR - Get Free Report) last released its earnings results on Tuesday, January 21st. The oil and gas exploration company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.65 by ($0.33). Forestar Group had a net margin of 12.50% and a return on equity of 11.74%. The company had revenue of $250.40 million during the quarter, compared to analyst estimates of $318.00 million. Forestar Group's quarterly revenue was down 18.1% compared to the same quarter last year. On average, analysts expect that Forestar Group Inc. will post 3.44 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.