Forestar Group Inc. (NYSE:FOR) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in Forestar Group Inc. (NYSE:FOR) by 1.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 39,406 shares of the oil and gas exploration company’s stock after selling 511 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Forestar Group were worth $1,276,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of FOR. CWM LLC boosted its holdings in Forestar Group by 111.6% in the 2nd quarter. CWM LLC now owns 1,060 shares of the oil and gas exploration company’s stock worth $34,000 after acquiring an additional 559 shares during the period. SG Americas Securities LLC acquired a new stake in Forestar Group during the 2nd quarter valued at $285,000. Summit Global Investments increased its stake in Forestar Group by 21.6% during the 2nd quarter. Summit Global Investments now owns 30,481 shares of the oil and gas exploration company’s stock worth $975,000 after buying an additional 5,422 shares during the period. Hennessy Advisors Inc. acquired a new position in Forestar Group in the 2nd quarter worth $6,753,000. Finally, Family Firm Inc. purchased a new position in Forestar Group in the 2nd quarter valued at about $34,000. 35.50% of the stock is currently owned by hedge funds and other institutional investors.

Forestar Group Stock Down 1.2 %

Shares of Forestar Group stock opened at $26.98 on Wednesday. Forestar Group Inc. has a 1-year low of $26.96 and a 1-year high of $40.92. The company has a market capitalization of $1.37 billion, a PE ratio of 6.73 and a beta of 1.72. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.61 and a quick ratio of 1.61. The business has a 50-day moving average of $30.49 and a 200-day moving average of $31.09.

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

Insider Activity at Forestar Group

In related news, Director G.F. (Rick) Ringler III sold 2,000 shares of the business’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $32.58, for a total value of $65,160.00. Following the completion of the sale, the director now directly owns 5,951 shares of the company’s stock, valued at $193,883.58. The trade was a 25.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.49% of the stock is currently owned by corporate insiders.

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.