Denali Advisors LLC Grows Holdings in Forestar Group Inc. (NYSE:FOR)

Denali Advisors LLC lifted its stake in shares of Forestar Group Inc. (NYSE:FOR) by 2.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 237,161 shares of the oil and gas exploration company’s stock after buying an additional 4,601 shares during the quarter. Denali Advisors LLC owned approximately 0.47% of Forestar Group worth $6,147,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Creative Planning grew its holdings in Forestar Group by 35.6% during the 3rd quarter. Creative Planning now owns 13,600 shares of the oil and gas exploration company’s stock worth $440,000 after acquiring an additional 3,569 shares in the last quarter. US Bancorp DE lifted its position in shares of Forestar Group by 18.3% during the third quarter. US Bancorp DE now owns 24,741 shares of the oil and gas exploration company’s stock worth $801,000 after purchasing an additional 3,819 shares during the last quarter. James Investment Research Inc. grew its stake in Forestar Group by 85.1% in the third quarter. James Investment Research Inc. now owns 18,955 shares of the oil and gas exploration company’s stock worth $614,000 after purchasing an additional 8,715 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Forestar Group by 13.7% in the third quarter. Principal Financial Group Inc. now owns 360,471 shares of the oil and gas exploration company’s stock valued at $11,668,000 after buying an additional 43,369 shares during the last quarter. Finally, Summit Global Investments raised its stake in Forestar Group by 5.0% during the third quarter. Summit Global Investments now owns 32,002 shares of the oil and gas exploration company’s stock valued at $1,036,000 after buying an additional 1,521 shares in the last quarter. Institutional investors own 35.50% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Citigroup decreased their target price on Forestar Group from $39.00 to $32.00 and set a “buy” rating for the company in a research report on Thursday, January 23rd. StockNews.com raised shares of Forestar Group from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. dropped their target price on shares of Forestar Group from $37.00 to $30.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th.

Forestar Group Stock Up 5.9 %

Shares of Forestar Group stock opened at $23.85 on Wednesday. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 6.68 and a beta of 1.72. Forestar Group Inc. has a twelve month low of $22.42 and a twelve month high of $40.92. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.50. The business’s 50 day simple moving average is $24.66 and its 200-day simple moving average is $28.59.

Forestar Group (NYSE:FOR) last issued its earnings results on Tuesday, January 21st. The oil and gas exploration company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.33). Forestar Group had a return on equity of 11.74% and a net margin of 12.50%. The company had revenue of $250.40 million during the quarter, compared to analyst estimates of $318.00 million. The firm’s revenue was down 18.1% compared to the same quarter last year. Equities research analysts forecast that Forestar Group Inc. will post 3.44 earnings per share for the current year.

Insider Activity at Forestar Group

In other Forestar Group news, CEO Anthony W. Oxley bought 4,300 shares of the business’s stock in a transaction 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. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.40% of the stock is currently owned by insiders.

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.