Skandinaviska Enskilda Banken AB publ Cuts Stock Position in Forestar Group Inc. (NYSE:FOR)

Skandinaviska Enskilda Banken AB publ cut its holdings in Forestar Group Inc. (NYSE:FOR - Free Report) by 28.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 105,000 shares of the oil and gas exploration company's stock after selling 42,400 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned approximately 0.21% of Forestar Group worth $2,688,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Forestar Group by 77.4% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 15,668 shares of the oil and gas exploration company's stock valued at $406,000 after buying an additional 6,837 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Forestar Group by 10.1% during the fourth 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 in the last quarter. AlphaQuest LLC boosted its stake in shares of Forestar Group by 30.9% during the fourth quarter. AlphaQuest LLC now owns 19,400 shares of the oil and gas exploration company's stock valued at $503,000 after purchasing an additional 4,580 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Forestar Group by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 160,056 shares of the oil and gas exploration company's stock valued at $4,149,000 after purchasing an additional 1,097 shares in the last quarter. Finally, Denali Advisors LLC boosted its stake in shares of Forestar Group by 2.0% during the fourth quarter. Denali Advisors LLC now owns 237,161 shares of the oil and gas exploration company's stock valued at $6,147,000 after purchasing an additional 4,601 shares in the last quarter. 35.50% of the stock is owned by institutional investors and hedge funds.

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Forestar Group Trading Up 0.9 %

FOR stock traded up $0.19 during mid-day trading on Thursday, reaching $22.44. The company's stock had a trading volume of 161,484 shares, compared to its average volume of 181,504. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 6.29 and a beta of 1.75. The business's 50 day moving average price is $23.39 and its 200 day moving average price is $27.68. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.50. Forestar Group Inc. has a 12 month low of $20.70 and a 12 month high of $40.92.

Forestar Group (NYSE:FOR - Get Free Report) last issued its earnings results on Tuesday, January 21st. The oil and gas exploration company reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $318.00 million. The company's quarterly revenue was down 18.1% compared to the same quarter last year. On average, equities research analysts predict that Forestar Group Inc. will post 3.44 EPS for the current year.

Insider Buying and Selling at Forestar Group

In other news, CEO Anthony W. Oxley acquired 4,300 shares of Forestar Group stock in a transaction on Friday, February 14th. The stock was purchased at an average price of $23.14 per share, with a total value of $99,502.00. Following the completion of the purchase, the chief executive officer now owns 4,300 shares of the company's stock, valued at approximately $99,502. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.40% of the company's stock.

Analyst Upgrades and Downgrades

FOR has been the subject of a number of analyst reports. JPMorgan Chase & Co. lowered their price objective on Forestar Group from $37.00 to $30.00 and set a "neutral" rating for the company in a research report on Tuesday, January 28th. Citigroup lowered their price objective on Forestar Group from $39.00 to $32.00 and set a "buy" rating for the company in a research report on Thursday, January 23rd. Finally, StockNews.com upgraded 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.