10,585 Shares in Forestar Group Inc. (NYSE:FOR) Bought by ClearAlpha Technologies LP

ClearAlpha Technologies LP purchased a new stake in Forestar Group Inc. (NYSE:FOR) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,585 shares of the oil and gas exploration company’s stock, valued at approximately $343,000.

Other hedge funds also recently made changes to their positions in the company. Family Firm Inc. bought a new stake in shares of Forestar Group in the 2nd quarter worth about $34,000. CWM LLC grew its stake in Forestar Group by 111.6% during the second quarter. CWM LLC now owns 1,060 shares of the oil and gas exploration company’s stock worth $34,000 after buying an additional 559 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Forestar Group by 115.4% during the first quarter. EverSource Wealth Advisors LLC now owns 924 shares of the oil and gas exploration company’s stock worth $37,000 after buying an additional 495 shares in the last quarter. nVerses Capital LLC raised its stake 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 acquiring an additional 1,000 shares during the last quarter. Finally, Innealta Capital LLC acquired a new position in shares of Forestar Group in the 2nd quarter worth approximately $112,000. Institutional investors and hedge funds own 35.50% of the company’s stock.

Forestar Group Stock Down 0.6 %

NYSE FOR opened at $29.85 on Monday. The stock’s 50 day simple moving average is $31.30 and its 200 day simple moving average is $31.50. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.61 and a quick ratio of 1.61. Forestar Group Inc. has a one year low of $27.49 and a one year high of $40.92. The firm has a market cap of $1.51 billion, a PE ratio of 7.44 and a beta of 1.76.

Forestar Group (NYSE:FOR) last announced its earnings results 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 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 analysts’ expectations of $503.76 million. During the same quarter in the prior year, the business earned $1.44 earnings per share. The business’s revenue for the quarter was up .3% on a year-over-year basis. As a group, sell-side analysts forecast that Forestar Group Inc. will post 3.67 earnings per share for the current fiscal year.

Insider Activity

In related news, Director G.F. (Rick) Ringler III sold 2,000 shares of the stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $32.58, for a total transaction 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 approximately $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 can be accessed through this link. 0.49% of the stock is currently owned by company 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.