GSA Capital Partners LLP Has $670,000 Holdings in Forestar Group Inc. (NYSE:FOR)

GSA Capital Partners LLP grew its position in shares of Forestar Group Inc. (NYSE:FOR) by 6.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,696 shares of the oil and gas exploration company’s stock after buying an additional 1,266 shares during the quarter. GSA Capital Partners LLP’s holdings in Forestar Group were worth $670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Forestar Group by 1.0% in the first quarter. Vanguard Group Inc. now owns 2,805,957 shares of the oil and gas exploration company’s stock valued at $112,771,000 after acquiring an additional 28,379 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Forestar Group by 9.0% during the 2nd 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 purchasing an additional 201,032 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Forestar Group by 22.5% in the 2nd quarter. American Century Companies Inc. now owns 461,388 shares of the oil and gas exploration company’s stock valued at $14,760,000 after purchasing an additional 84,861 shares during the last quarter. Bridgeway Capital Management LLC boosted its holdings in Forestar Group by 11.0% in the first quarter. Bridgeway Capital Management LLC now owns 439,892 shares of the oil and gas exploration company’s stock worth $17,679,000 after purchasing an additional 43,457 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in 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 buying an additional 43,369 shares during the last quarter. Institutional investors own 35.50% of the company’s stock.

Insider Activity at Forestar Group

In related news, Director G.F. (Rick) Ringler III sold 2,000 shares of the company’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 directly owns 5,951 shares in the company, valued at $193,883.58. This represents a 25.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.49% of the stock is owned by corporate insiders.

Forestar Group Price Performance

Shares of Forestar Group stock opened at $29.40 on Monday. The company has a current ratio of 1.61, a quick ratio of 1.50 and a debt-to-equity ratio of 0.44. The firm has a fifty day simple moving average of $31.74 and a 200-day simple moving average of $31.80. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 7.33 and a beta of 1.76. Forestar Group Inc. has a 1-year low of $27.49 and a 1-year high of $40.92.

Forestar Group (NYSE:FOR) last released its earnings results on Tuesday, October 29th. The oil and gas exploration company reported $1.60 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.29. The firm had revenue of $551.40 million during the quarter, compared to analyst estimates of $503.76 million. Forestar Group had a net margin of 13.48% and a return on equity of 13.59%. The business’s revenue was up .3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.44 EPS. On average, sell-side analysts expect that Forestar Group Inc. will post 3.67 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reduced their price target on Forestar Group from $37.50 to $36.00 and set a “neutral” rating for the company in a research report on Thursday, July 25th.

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.