Hussman Strategic Advisors Inc. Sells 14,700 Shares of Forestar Group Inc. (NYSE:FOR)

Hussman Strategic Advisors Inc. lessened its position in Forestar Group Inc. (NYSE:FOR) by 23.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 48,300 shares of the oil and gas exploration company’s stock after selling 14,700 shares during the period. Hussman Strategic Advisors Inc. owned about 0.10% of Forestar Group worth $1,252,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Point72 DIFC Ltd bought a new position in Forestar Group in the 3rd quarter valued at $32,000. nVerses Capital LLC grew its stake 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 during the period. R Squared Ltd acquired a new position in shares of Forestar Group during the 4th quarter worth about $95,000. Heck Capital Advisors LLC acquired a new position in Forestar Group during the fourth quarter valued at approximately $112,000. Finally, SG Americas Securities LLC increased its position in shares of Forestar Group by 43.3% in 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 buying an additional 1,731 shares in the last quarter. 35.50% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Anthony W. Oxley purchased 4,300 shares of the stock in a transaction that occurred on Friday, February 14th. The stock was bought at an average cost of $23.14 per share, for a total transaction of $99,502.00. Following the acquisition, the chief executive officer now directly owns 4,300 shares of the company’s stock, valued at $99,502. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on FOR shares. Citigroup lowered their target price on Forestar Group from $39.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, January 23rd. StockNews.com downgraded shares of Forestar Group from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, 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 report on Tuesday, January 28th.

Forestar Group Trading Down 2.0 %

NYSE FOR opened at $23.16 on Thursday. The stock has a market capitalization of $1.17 billion, a P/E ratio of 6.49 and a beta of 1.72. The business has a 50 day simple moving average of $25.02 and a 200 day simple moving average of $28.74. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.50 and a quick ratio of 0.50. Forestar Group Inc. has a one year low of $22.42 and a one year high of $40.92.

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

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.