Forestar Group Inc (NYSE:FOR) Position Raised by GAMMA Investing LLC

GAMMA Investing LLC grew its stake in shares of Forestar Group Inc (NYSE:FOR - Free Report) by 263,300.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,170 shares of the oil and gas exploration company's stock after purchasing an additional 13,165 shares during the quarter. GAMMA Investing LLC's holdings in Forestar Group were worth $278,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Total Wealth Planning & Management Inc. purchased a new position in shares of Forestar Group in the fourth quarter valued at $297,000. Heck Capital Advisors LLC purchased a new position in Forestar Group in the 4th quarter valued at about $112,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Forestar Group by 25.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 49,455 shares of the oil and gas exploration company's stock valued at $1,282,000 after acquiring an additional 10,049 shares in the last quarter. Two Sigma Advisers LP grew its stake in shares of Forestar Group by 16.1% during the fourth quarter. Two Sigma Advisers LP now owns 104,781 shares of the oil and gas exploration company's stock valued at $2,716,000 after acquiring an additional 14,500 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Forestar Group by 4.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,905 shares of the oil and gas exploration company's stock worth $283,000 after acquiring an additional 456 shares in the last quarter. Hedge funds and other institutional investors own 35.50% of the company's stock.

Forestar Group Stock Down 2.6%

Shares of Forestar Group stock traded down $0.53 during trading on Wednesday, reaching $19.77. The company had a trading volume of 148,353 shares, compared to its average volume of 176,510. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.73 and a current ratio of 0.73. Forestar Group Inc has a fifty-two week low of $18.00 and a fifty-two week high of $37.21. The firm's fifty day moving average is $19.62 and its 200-day moving average is $22.20. The company has a market cap of $1.00 billion, a price-to-earnings ratio of 5.99 and a beta of 1.41.

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 the consensus estimate of $0.71 by ($0.07). The firm had revenue of $351.00 million during the quarter, compared to the consensus estimate of $379.60 million. Forestar Group had a net margin of 11.45% and a return on equity of 10.65%. On average, analysts anticipate that Forestar Group Inc will post 3.44 EPS for the current year.

Insider Activity at Forestar Group

In related news, Director Elizabeth Parmer sold 1,460 shares of the business's 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 $69,053.49. This represents a 30.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.40% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on FOR shares. Wall Street Zen upgraded Forestar Group from a "sell" rating to a "hold" rating in a research note on Wednesday, February 26th. 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 note on Monday, April 21st.

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.