Algert Global LLC Sells 7,865 Shares of Forestar Group Inc. (NYSE:FOR)

Algert Global LLC trimmed its position in Forestar Group Inc. (NYSE:FOR) by 8.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 82,213 shares of the oil and gas exploration company’s stock after selling 7,865 shares during the period. Algert Global LLC owned approximately 0.16% of Forestar Group worth $2,661,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of FOR. Vanguard Group Inc. boosted its position in shares of Forestar Group by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 2,805,957 shares of the oil and gas exploration company’s stock worth $112,771,000 after purchasing an additional 28,379 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Forestar Group by 9.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,438,669 shares of the oil and gas exploration company’s stock valued at $78,012,000 after buying an additional 201,032 shares during the last quarter. American Century Companies Inc. boosted its holdings in Forestar Group by 22.5% in the second quarter. American Century Companies Inc. now owns 461,388 shares of the oil and gas exploration company’s stock worth $14,760,000 after acquiring an additional 84,861 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Forestar Group by 13.7% during the third quarter. Principal Financial Group Inc. now owns 360,471 shares of the oil and gas exploration company’s stock worth $11,668,000 after acquiring an additional 43,369 shares during the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of Forestar Group by 3.8% during the third quarter. Empowered Funds LLC now owns 317,989 shares of the oil and gas exploration company’s stock valued at $10,293,000 after acquiring an additional 11,780 shares in the last quarter. 35.50% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director G.F. (Rick) Ringler III sold 2,000 shares of the firm’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $32.58, for a total transaction of $65,160.00. Following the completion of the transaction, the director now owns 5,951 shares of the company’s stock, valued at $193,883.58. This trade represents a 25.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.49% of the company’s stock.

Forestar Group Stock Down 1.1 %

FOR stock opened at $30.44 on Wednesday. The stock has a market capitalization of $1.54 billion, a PE ratio of 7.50 and a beta of 1.76. Forestar Group Inc. has a 52 week low of $27.49 and a 52 week high of $40.92. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.44. The firm has a 50 day moving average of $31.57 and a 200 day moving average of $31.61.

Forestar Group (NYSE:FOR) last posted its quarterly earnings data on Tuesday, October 29th. The oil and gas exploration company reported $1.60 EPS for the quarter, topping the consensus estimate of $1.31 by $0.29. Forestar Group had a net margin of 13.48% and a return on equity of 13.59%. The business had revenue of $551.40 million during the quarter, compared to the consensus estimate of $503.76 million. During the same period in the previous year, the firm posted $1.44 earnings per share. The business’s revenue for the quarter was up .3% compared to the same quarter last year. Sell-side analysts forecast that Forestar Group Inc. will post 3.67 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.