Two Sigma Advisers LP Raises Stock Position in Forestar Group Inc. (NYSE:FOR)

Two Sigma Advisers LP raised its position in Forestar Group Inc. (NYSE:FOR - Free Report) by 16.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 104,781 shares of the oil and gas exploration company's stock after acquiring an additional 14,500 shares during the quarter. Two Sigma Advisers LP owned approximately 0.21% of Forestar Group worth $2,716,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Forestar Group by 4.4% in the 4th 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 purchasing an additional 456 shares in the last quarter. Sterling Capital Management LLC increased its position in Forestar Group by 3.2% in the fourth quarter. Sterling Capital Management LLC now owns 15,670 shares of the oil and gas exploration company's stock worth $406,000 after buying an additional 479 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Forestar Group by 10.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 6,562 shares of the oil and gas exploration company's stock valued at $170,000 after buying an additional 602 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Forestar Group by 9.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,021 shares of the oil and gas exploration company's stock valued at $338,000 after acquiring an additional 1,076 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Forestar Group by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 160,056 shares of the oil and gas exploration company's stock worth $4,149,000 after acquiring an additional 1,097 shares in the last quarter. 35.50% of the stock is owned by hedge funds and other institutional investors.

Forestar Group Stock Down 1.1%

Shares of FOR traded down $0.21 during trading hours on Friday, hitting $19.14. The company had a trading volume of 153,583 shares, compared to its average volume of 176,197. The company has a market capitalization of $972.77 million, a PE ratio of 5.36 and a beta of 1.46. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.50. Forestar Group Inc. has a one year low of $18.00 and a one year high of $37.21. The company's fifty day moving average price is $19.84 and its two-hundred day moving average price is $23.29.

Forestar Group (NYSE:FOR - Get Free Report) last posted 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). Forestar Group had a return on equity of 11.74% and a net margin of 12.50%. The business had revenue of $351.00 million during the quarter, compared to analyst estimates of $379.60 million. As a group, equities analysts forecast that Forestar Group Inc. will post 3.44 earnings per share for the current fiscal year.

Insider Buying and Selling at Forestar Group

In other Forestar Group news, Director Elizabeth Parmer sold 1,460 shares of the company's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $20.57, for a total value of $30,032.20. Following the sale, the director now owns 3,357 shares in the company, valued at approximately $69,053.49. This represents a 30.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.40% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on FOR shares. BTIG Research lowered their target price on shares of Forestar Group from $36.00 to $29.00 and set a "buy" rating on the stock in a research note on Monday, April 21st. Wall Street Zen raised shares of Forestar Group from a "sell" rating to a "hold" rating in a report on Wednesday, February 26th.

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.