Jacobs Levy Equity Management Inc. Has $7.97 Million Stake in Forestar Group Inc. (NYSE:FOR)

Jacobs Levy Equity Management Inc. lessened its position in Forestar Group Inc. (NYSE:FOR) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 307,653 shares of the oil and gas exploration company’s stock after selling 12,634 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.61% of Forestar Group worth $7,974,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Janus Henderson Group PLC increased its position in shares of Forestar Group by 406.1% during the fourth quarter. Janus Henderson Group PLC now owns 125,408 shares of the oil and gas exploration company’s stock worth $3,247,000 after acquiring an additional 100,629 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its stake in shares of Forestar Group by 149.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 91,625 shares of the oil and gas exploration company’s stock worth $2,375,000 after buying an additional 54,891 shares during the last quarter. Deutsche Bank AG lifted its stake in shares of Forestar Group by 5.4% during the 4th quarter. Deutsche Bank AG now owns 106,657 shares of the oil and gas exploration company’s stock worth $2,765,000 after buying an additional 5,475 shares during the last quarter. Crestline Management LP acquired a new stake in shares of Forestar Group during the 4th quarter worth about $2,333,000. Finally, Bridgeway Capital Management LLC increased its position in Forestar Group by 2.7% during the fourth quarter. Bridgeway Capital Management LLC now owns 481,253 shares of the oil and gas exploration company’s stock worth $12,474,000 after acquiring an additional 12,473 shares during the period. Institutional investors own 35.50% of the company’s stock.

Forestar Group Trading Up 0.3%

NYSE:FOR opened at $20.65 on Wednesday. The firm’s fifty day moving average is $20.48 and its 200-day moving average is $24.41. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.50 and a current ratio of 0.50. Forestar Group Inc. has a 52 week low of $18.00 and a 52 week high of $37.21. The firm has a market cap of $1.05 billion, a P/E ratio of 5.78 and a beta of 1.46.

Forestar Group (NYSE:FOR) last released its earnings results on Thursday, April 17th. The oil and gas exploration company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.07). Forestar Group had a net margin of 12.50% and a return on equity of 11.74%. The company had revenue of $351.00 million for the quarter, compared to analyst estimates of $379.60 million. Equities analysts expect that Forestar Group Inc. will post 3.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on FOR. StockNews.com raised shares of Forestar Group from a “sell” rating to a “hold” rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. decreased their price target 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. BTIG Research decreased their price target on shares of Forestar Group from $36.00 to $29.00 and set a “buy” rating on the stock in a report on Monday, April 21st. Finally, Citigroup reduced their target price on shares of Forestar Group from $39.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, January 23rd.

Insiders Place Their Bets

In other news, CEO Anthony W. Oxley bought 4,300 shares of the stock in a transaction dated Friday, February 14th. The stock was bought at an average price of $23.14 per share, for a total transaction of $99,502.00. Following the completion of the acquisition, the chief executive officer now directly owns 4,300 shares in the company, valued at approximately $99,502. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Elizabeth Parmer sold 1,460 shares of the stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $20.57, for a total transaction of $30,032.20. Following the completion of the sale, the director now owns 3,357 shares of the company’s stock, valued at approximately $69,053.49. This represents a 30.31% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.40% of the company’s stock.

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.