One Wealth Advisors LLC Has $237,000 Position in Forestar Group Inc. (NYSE:FOR)

One Wealth Advisors LLC cut its holdings in Forestar Group Inc. (NYSE:FOR) by 9.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,132 shares of the oil and gas exploration company’s stock after selling 946 shares during the quarter. One Wealth Advisors LLC’s holdings in Forestar Group were worth $237,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Point72 DIFC Ltd bought a new position in Forestar Group in the third quarter valued at approximately $32,000. nVerses Capital LLC boosted its stake in 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. R Squared Ltd bought a new position in Forestar Group in the fourth quarter valued at approximately $95,000. Heck Capital Advisors LLC bought a new position in Forestar Group in the fourth quarter valued at approximately $112,000. Finally, SG Americas Securities LLC boosted its stake in Forestar Group by 43.3% in the fourth quarter. SG Americas Securities LLC now owns 5,727 shares of the oil and gas exploration company’s stock valued at $148,000 after acquiring an additional 1,731 shares during the last quarter. 35.50% of the stock is owned by institutional investors.

Forestar Group Trading Down 4.6 %

Shares of NYSE:FOR opened at $22.76 on Tuesday. Forestar Group Inc. has a 12 month low of $22.71 and a 12 month high of $40.92. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.50. The company’s fifty day simple moving average is $26.50 and its 200 day simple moving average is $29.43. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 6.38 and a beta of 1.72.

Forestar Group (NYSE:FOR) last issued its quarterly earnings data on Tuesday, January 21st. The oil and gas exploration company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $318.00 million. The business’s revenue for the quarter was down 18.1% compared to the same quarter last year. As a group, research analysts forecast that Forestar Group Inc. will post 3.44 EPS for the current fiscal year.

Analysts Set New Price Targets

FOR has been the topic of a number of recent analyst reports. Citigroup reduced their price target on shares of Forestar Group from $39.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, January 23rd. StockNews.com cut shares of Forestar Group from a “hold” rating to a “sell” rating in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Forestar Group from $37.00 to $30.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 28th.

Forestar Group 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.