Crestline Management LP Purchases Shares of 90,021 Forestar Group Inc. (NYSE:FOR)

Crestline Management LP bought a new stake in shares of Forestar Group Inc. (NYSE:FOR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 90,021 shares of the oil and gas exploration company's stock, valued at approximately $2,333,000. Crestline Management LP owned 0.18% of Forestar Group at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of Forestar Group by 4.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,721,534 shares of the oil and gas exploration company's stock valued at $70,541,000 after purchasing an additional 119,357 shares during the period. American Century Companies Inc. increased its position in shares of Forestar Group by 11.3% during the fourth quarter. American Century Companies Inc. now owns 584,222 shares of the oil and gas exploration company's stock valued at $15,143,000 after buying an additional 59,427 shares during the period. Bridgeway Capital Management LLC lifted its holdings in shares of Forestar Group by 2.7% in 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 buying an additional 12,473 shares in the last quarter. First Eagle Investment Management LLC boosted its position in shares of Forestar Group by 26.4% in the fourth quarter. First Eagle Investment Management LLC now owns 479,669 shares of the oil and gas exploration company's stock valued at $12,433,000 after acquiring an additional 100,100 shares during the period. Finally, Geode Capital Management LLC grew its stake in Forestar Group by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 473,883 shares of the oil and gas exploration company's stock valued at $12,286,000 after acquiring an additional 2,038 shares in the last quarter. Hedge funds and other institutional investors own 35.50% of the company's stock.

Insider Activity

In other Forestar Group news, CEO Anthony W. Oxley purchased 4,300 shares of the stock in a transaction on Friday, February 14th. The stock was acquired at an average cost of $23.14 per share, with a total value of $99,502.00. Following the completion of the purchase, the chief executive officer now directly owns 4,300 shares of the company's stock, valued at approximately $99,502. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.40% of the stock is owned by corporate insiders.

Forestar Group Price Performance

FOR traded down $0.28 during trading on Friday, reaching $19.71. The stock had a trading volume of 123,683 shares, compared to its average volume of 174,875. The business has a 50-day moving average of $20.53 and a 200-day moving average of $24.57. Forestar Group Inc. has a one year low of $18.00 and a one year high of $37.21. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.50 and a current ratio of 0.50. The stock has a market cap of $1.00 billion, a PE ratio of 5.52 and a beta of 1.46.

Forestar Group (NYSE:FOR - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The oil and gas exploration company reported $0.64 earnings per share for the quarter, missing analysts' consensus estimates of $0.71 by ($0.07). The firm had revenue of $351.00 million for the quarter, compared to analysts' expectations of $379.60 million. Forestar Group had a net margin of 12.50% and a return on equity of 11.74%. As a group, equities research analysts anticipate that Forestar Group Inc. will post 3.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

FOR has been the subject of several analyst reports. Citigroup cut their price target on shares of Forestar Group from $39.00 to $32.00 and set a "buy" rating for the company in a report on Thursday, January 23rd. BTIG Research reduced their target price on Forestar Group from $36.00 to $29.00 and set a "buy" rating for the company in a research report on Monday, April 21st. StockNews.com raised Forestar Group from a "sell" rating to a "hold" rating in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. cut their price objective on Forestar Group from $37.00 to $30.00 and set a "neutral" rating for the company in a report on Tuesday, January 28th.

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.