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

Hussman Strategic Advisors Inc. lessened its stake in Forestar Group Inc. (NYSE:FOR) by 23.3% during the 4th quarter, according to its most recent disclosure 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 quarter. Hussman Strategic Advisors Inc.’s holdings in Forestar Group were worth $1,252,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Point72 DIFC Ltd bought a new stake in shares of Forestar Group in the 3rd quarter worth about $32,000. nVerses Capital LLC grew its position in shares of Forestar Group by 500.0% in the 3rd quarter. nVerses Capital LLC now owns 1,200 shares of the oil and gas exploration company’s stock worth $39,000 after buying an additional 1,000 shares during the last quarter. R Squared Ltd acquired a new position in Forestar Group during the 4th quarter valued at about $95,000. Heck Capital Advisors LLC purchased a new position in shares of Forestar Group in the fourth quarter worth $112,000. Finally, SG Americas Securities LLC lifted its holdings in shares of Forestar Group by 43.3% during the fourth quarter. SG Americas Securities LLC now owns 5,727 shares of the oil and gas exploration company’s stock worth $148,000 after purchasing an additional 1,731 shares during the period. Hedge funds and other institutional investors own 35.50% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Anthony W. Oxley purchased 4,300 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The shares were purchased at an average price of $23.14 per share, with a total value of $99,502.00. Following the purchase, the chief executive officer now directly owns 4,300 shares of the company’s stock, valued at approximately $99,502. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

FOR has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. cut their price objective on shares of Forestar Group from $37.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. StockNews.com lowered Forestar Group from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, Citigroup reduced 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.

Forestar Group Stock Down 2.0 %

Forestar Group stock opened at $23.16 on Thursday. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 6.49 and a beta of 1.72. Forestar Group Inc. has a fifty-two week low of $22.42 and a fifty-two week high of $40.92. The stock’s fifty day moving average is $25.02 and its two-hundred day moving average is $28.74. 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 (NYSE:FOR) last announced 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 firm had revenue of $250.40 million for the quarter, compared to analysts’ expectations of $318.00 million. Forestar Group had a net margin of 12.50% and a return on equity of 11.74%. Forestar Group’s revenue for the quarter was down 18.1% compared to the same quarter last year. Analysts predict that Forestar Group Inc. will post 3.44 EPS for the current fiscal year.

About Forestar Group

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.