7,029 Shares in Forestar Group Inc. (NYSE:FOR) Bought by Arete Wealth Advisors LLC

Arete Wealth Advisors LLC purchased a new stake in shares of Forestar Group Inc. (NYSE:FOR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 7,029 shares of the oil and gas exploration company’s stock, valued at approximately $227,000.

Other large investors have also added to or reduced their stakes in the company. Sierra Summit Advisors LLC boosted its holdings in shares of Forestar Group by 2.2% during the second quarter. Sierra Summit Advisors LLC now owns 17,166 shares of the oil and gas exploration company’s stock worth $549,000 after purchasing an additional 370 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in Forestar Group by 4.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,831 shares of the oil and gas exploration company’s stock valued at $286,000 after purchasing an additional 392 shares during the last quarter. CWM LLC lifted 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 buying an additional 559 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Forestar Group by 7.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,920 shares of the oil and gas exploration company’s stock worth $349,000 after buying an additional 765 shares during the last quarter. Finally, Point72 DIFC Ltd purchased a new position in shares of Forestar Group during the third quarter valued at approximately $32,000. Institutional investors own 35.50% of the company’s stock.

Forestar Group Price Performance

Shares of Forestar Group stock opened at $27.84 on Friday. The company has a market cap of $1.41 billion, a PE ratio of 6.94 and a beta of 1.72. The business has a 50 day moving average of $30.57 and a 200 day moving average of $31.14. Forestar Group Inc. has a 52 week low of $27.35 and a 52 week high of $40.92. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.44.

Forestar Group (NYSE:FOR) last posted 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 net margin of 13.48% and a return on equity of 13.59%. The firm had revenue of $551.40 million during the quarter, compared to analysts’ expectations of $503.76 million. During the same period last year, the company posted $1.44 EPS. The company’s quarterly revenue was up .3% compared to the same quarter last year. As a group, equities research analysts forecast that Forestar Group Inc. will post 3.67 earnings per share for the current year.

Insiders Place Their Bets

In other Forestar Group news, Director G.F. (Rick) Ringler III sold 2,000 shares of the stock in a transaction on 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 transaction, the director now owns 5,951 shares in the company, valued at approximately $193,883.58. This represents a 25.15 % decrease in their ownership of the stock. 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.