Forestar Group Inc. (NYSE:FOR) Short Interest Update

Forestar Group Inc. (NYSE:FOR) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 508,000 shares, a growth of 6.0% from the March 31st total of 479,200 shares. Approximately 2.8% of the shares of the company are sold short. Based on an average trading volume of 247,300 shares, the short-interest ratio is presently 2.1 days.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Forestar Group from a “buy” rating to a “hold” rating in a research note on Friday, April 26th.

Forestar Group Price Performance

Shares of NYSE:FOR opened at $31.18 on Thursday. The firm’s 50 day moving average price is $35.59 and its 200-day moving average price is $32.53. Forestar Group has a twelve month low of $19.26 and a twelve month high of $40.92. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $1.58 billion, a PE ratio of 7.76 and a beta of 1.75.

Insider Buying and Selling at Forestar Group

In related news, CEO Anthony W. Oxley bought 3,210 shares of the stock in a transaction on Wednesday, April 24th. The shares were acquired at an average price of $31.15 per share, for a total transaction of $99,991.50. Following the purchase, the chief executive officer now owns 3,210 shares of the company’s stock, valued at $99,991.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.49% of the company’s stock.

Hedge Funds Weigh In On Forestar Group

Several institutional investors have recently made changes to their positions in the business. Federated Hermes Inc. lifted its stake in shares of Forestar Group by 1,601.6% in the 3rd quarter. Federated Hermes Inc. now owns 1,038 shares of the oil and gas exploration company’s stock worth $28,000 after purchasing an additional 977 shares during the period. Swiss National Bank lifted its stake in shares of Forestar Group by 2.3% in the 3rd quarter. Swiss National Bank now owns 43,917 shares of the oil and gas exploration company’s stock worth $1,183,000 after purchasing an additional 1,000 shares during the period. McGlone Suttner Wealth Management Inc. bought a new position in shares of Forestar Group in the 4th quarter worth approximately $35,000. SG Americas Securities LLC lifted its stake in shares of Forestar Group by 25.0% in the 4th quarter. SG Americas Securities LLC now owns 10,356 shares of the oil and gas exploration company’s stock worth $342,000 after purchasing an additional 2,074 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Forestar Group by 88.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,436 shares of the oil and gas exploration company’s stock worth $147,000 after purchasing an additional 2,077 shares during the period. Institutional investors own 35.50% of the company’s stock.

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.