Forestar Group Inc. (NYSE:FOR) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. cut its holdings in Forestar Group Inc. (NYSE:FOR) by 0.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 254,251 shares of the oil and gas exploration company’s stock after selling 2,198 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.50% of Forestar Group worth $10,218,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Forestar Group by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 2,805,957 shares of the oil and gas exploration company’s stock valued at $112,771,000 after purchasing an additional 28,379 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Forestar Group by 11.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,026,590 shares of the oil and gas exploration company’s stock valued at $67,021,000 after acquiring an additional 200,686 shares during the period. Bridgeway Capital Management LLC boosted its position in Forestar Group by 11.0% during the 1st quarter. Bridgeway Capital Management LLC now owns 439,892 shares of the oil and gas exploration company’s stock worth $17,679,000 after purchasing an additional 43,457 shares during the period. Empowered Funds LLC boosted its position in Forestar Group by 55.5% during the 1st quarter. Empowered Funds LLC now owns 290,197 shares of the oil and gas exploration company’s stock worth $11,663,000 after purchasing an additional 103,562 shares during the period. Finally, Assenagon Asset Management S.A. increased its holdings in Forestar Group by 4.8% in the 1st quarter. Assenagon Asset Management S.A. now owns 170,755 shares of the oil and gas exploration company’s stock valued at $6,863,000 after purchasing an additional 7,779 shares in the last quarter. 35.50% of the stock is owned by institutional investors and hedge funds.

Forestar Group Stock Down 0.3 %

Shares of NYSE:FOR traded down $0.11 during midday trading on Wednesday, reaching $32.11. The company had a trading volume of 25,680 shares, compared to its average volume of 214,092. Forestar Group Inc. has a one year low of $22.71 and a one year high of $40.92. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.50 and a quick ratio of 1.50. The stock has a market capitalization of $1.63 billion, a P/E ratio of 7.96 and a beta of 1.77. The stock’s fifty day moving average price is $32.26 and its 200-day moving average price is $33.63.

Insider Transactions at Forestar Group

In related news, Director Elizabeth Parmer sold 1,547 shares of Forestar Group stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $32.24, for a total value of $49,875.28. Following the completion of the transaction, the director now directly owns 1,548 shares in the company, valued at $49,907.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director G.F. (Rick) Ringler III sold 2,000 shares of the firm’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $31.38, for a total transaction of $62,760.00. Following the transaction, the director now directly owns 7,951 shares in the company, valued at $249,502.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Elizabeth Parmer sold 1,547 shares of Forestar Group stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $32.24, for a total transaction of $49,875.28. Following the completion of the transaction, the director now directly owns 1,548 shares of the company’s stock, valued at approximately $49,907.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,297 shares of company stock valued at $136,673. Insiders own 0.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on FOR shares. JPMorgan Chase & Co. decreased their price target on Forestar Group from $37.50 to $36.00 and set a “neutral” rating for the company in a report on Thursday, July 25th. StockNews.com lowered shares of Forestar Group from a “buy” rating to a “hold” rating in a report on Friday, April 26th. BTIG Research dropped their price target on shares of Forestar Group from $41.00 to $37.00 and set a “buy” rating on the stock in a research note on Friday, July 19th. Finally, Citigroup lowered their target price on Forestar Group from $46.00 to $43.00 and set a “buy” rating for the company in a research note on Tuesday, July 2nd.

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.