Forestar Group Inc. (NYSE:FOR) Shares Purchased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. raised its holdings in Forestar Group Inc. (NYSE:FOR - Free Report) by 149.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 91,625 shares of the oil and gas exploration company's stock after purchasing an additional 54,891 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.18% of Forestar Group worth $2,375,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Barclays PLC grew its holdings in shares of Forestar Group by 20.3% during the third quarter. Barclays PLC now owns 57,622 shares of the oil and gas exploration company's stock worth $1,865,000 after buying an additional 9,733 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in Forestar Group by 37.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 21,650 shares of the oil and gas exploration company's stock worth $561,000 after acquiring an additional 5,847 shares during the period. SG Americas Securities LLC grew its stake in shares of Forestar Group by 43.3% in the 4th quarter. SG Americas Securities LLC now owns 5,727 shares of the oil and gas exploration company's stock valued at $148,000 after purchasing an additional 1,731 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in shares of Forestar Group in the 4th quarter valued at approximately $290,000. Finally, R Squared Ltd acquired a new position in shares of Forestar Group in the fourth quarter valued at approximately $95,000. 35.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on FOR. Wall Street Zen raised Forestar Group from a "sell" rating to a "hold" rating in a report on Wednesday, February 26th. BTIG Research dropped their price objective on Forestar Group from $36.00 to $29.00 and set a "buy" rating on the stock in a report on Monday, April 21st. Finally, JPMorgan Chase & Co. reduced their target price on Forestar Group from $37.00 to $30.00 and set a "neutral" rating for the company in a report on Tuesday, January 28th.

Forestar Group Price Performance

Shares of NYSE FOR traded up $0.10 on Friday, hitting $18.88. The company's stock had a trading volume of 127,197 shares, compared to its average volume of 175,246. Forestar Group Inc. has a 12-month low of $18.00 and a 12-month high of $37.21. The company has a market capitalization of $959.30 million, a price-to-earnings ratio of 5.29 and a beta of 1.46. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.50 and a quick ratio of 0.50. The stock has a 50 day moving average of $20.13 and a 200-day moving average of $23.74.

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

Insider Activity

In other news, Director Elizabeth Parmer sold 1,460 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $20.57, for a total value of $30,032.20. Following the completion of the transaction, the director now owns 3,357 shares of the company's stock, valued at $69,053.49. The trade was a 30.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.40% 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.