R Squared Ltd Makes New Investment in Forestar Group Inc. (NYSE:FOR)

R Squared Ltd bought a new position in shares of Forestar Group Inc. (NYSE:FOR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,650 shares of the oil and gas exploration company’s stock, valued at approximately $95,000.

Other institutional investors have also made changes to their positions in the company. Point72 DIFC Ltd bought a new stake in Forestar Group during the 3rd quarter worth about $32,000. nVerses Capital LLC lifted its position in shares of Forestar Group by 500.0% during the third quarter. nVerses Capital LLC now owns 1,200 shares of the oil and gas exploration company’s stock worth $39,000 after purchasing an additional 1,000 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Forestar Group during the third quarter valued at approximately $172,000. SG Americas Securities LLC increased its holdings in shares of Forestar Group by 43.3% in the fourth quarter. SG Americas Securities LLC now owns 5,727 shares of the oil and gas exploration company’s stock valued at $148,000 after purchasing an additional 1,731 shares in the last quarter. Finally, Arete Wealth Advisors LLC bought a new position in Forestar Group in the 3rd quarter worth approximately $227,000. 35.50% of the stock is owned by institutional investors.

Forestar Group Stock Up 3.0 %

Shares of Forestar Group stock opened at $24.67 on Friday. Forestar Group Inc. has a 12 month low of $23.32 and a 12 month high of $40.92. The business has a fifty day simple moving average of $26.77 and a 200 day simple moving average of $29.66. The company has a quick ratio of 1.61, a current ratio of 0.50 and a debt-to-equity ratio of 0.50. The stock has a market cap of $1.25 billion, a PE ratio of 6.91 and a beta of 1.74.

Forestar Group (NYSE:FOR) last posted its earnings results 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). Forestar Group had a return on equity of 11.74% and a net margin of 12.50%. The company had revenue of $250.40 million for the quarter, compared to analyst estimates of $318.00 million. The business’s quarterly revenue was down 18.1% on a year-over-year basis. Research analysts predict that Forestar Group Inc. will post 3.67 EPS for the current year.

Analyst Upgrades and Downgrades

FOR has been the topic of several research reports. JPMorgan Chase & Co. cut their price target on Forestar Group from $37.00 to $30.00 and set a “neutral” rating on the stock in a research note on Tuesday. StockNews.com downgraded shares of Forestar Group from a “hold” rating to a “sell” rating in a research report on Monday. Finally, Citigroup lowered 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 report on Thursday, January 23rd.

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.