Sanctuary Advisors LLC Invests $233,000 in Forestar Group Inc. (NYSE:FOR)

Sanctuary Advisors LLC purchased a new position in shares of Forestar Group Inc. (NYSE:FOR) during the third quarter, HoldingsChannel.com reports. The fund purchased 7,211 shares of the oil and gas exploration company’s stock, valued at approximately $233,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Point72 DIFC Ltd purchased a new stake in shares of Forestar Group during the third quarter valued at $32,000. nVerses Capital LLC increased its holdings in shares of Forestar Group by 500.0% in the third quarter. nVerses Capital LLC now owns 1,200 shares of the oil and gas exploration company’s stock valued at $39,000 after purchasing an additional 1,000 shares during the period. Meeder Asset Management Inc. purchased a new position in shares of Forestar Group in the second quarter worth about $148,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Forestar Group by 474.8% during the second quarter. EverSource Wealth Advisors LLC now owns 5,311 shares of the oil and gas exploration company’s stock worth $168,000 after purchasing an additional 4,387 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Forestar Group during the 3rd quarter worth approximately $172,000. 35.50% of the stock is currently owned by hedge funds and other institutional investors.

Forestar Group Stock Performance

Shares of NYSE FOR opened at $25.70 on Monday. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 6.41 and a beta of 1.72. Forestar Group Inc. has a 12 month low of $25.33 and a 12 month high of $40.92. The company has a 50 day simple moving average of $29.40 and a two-hundred day simple moving average of $30.67. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.44.

Forestar Group (NYSE:FOR) last announced its quarterly earnings results on Tuesday, October 29th. The oil and gas exploration company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.29. The company had revenue of $551.40 million for the quarter, compared to the consensus estimate of $503.76 million. Forestar Group had a return on equity of 13.59% and a net margin of 13.48%. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period last year, the firm earned $1.44 EPS. As a group, analysts predict 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.