Voloridge Investment Management LLC Trims Position in Forestar Group Inc. (NYSE:FOR)

Voloridge Investment Management LLC lessened its position in Forestar Group Inc. (NYSE:FOR - Free Report) by 63.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,110 shares of the oil and gas exploration company's stock after selling 29,744 shares during the quarter. Voloridge Investment Management LLC's holdings in Forestar Group were worth $443,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in FOR. Empowered Funds LLC boosted its holdings in shares of Forestar Group by 3.9% in the 4th quarter. Empowered Funds LLC now owns 330,462 shares of the oil and gas exploration company's stock worth $8,566,000 after purchasing an additional 12,473 shares in the last quarter. Lazard Asset Management LLC purchased a new position in Forestar Group in the 4th quarter worth $38,000. Barclays PLC lifted its stake in Forestar Group by 20.3% in the third quarter. Barclays PLC now owns 57,622 shares of the oil and gas exploration company's stock worth $1,865,000 after purchasing an additional 9,733 shares during the last quarter. Swedbank AB purchased a new stake in Forestar Group during the fourth quarter valued at about $1,296,000. Finally, Bank of New York Mellon Corp boosted its position in Forestar Group by 15.6% during the fourth quarter. Bank of New York Mellon Corp now owns 114,372 shares of the oil and gas exploration company's stock valued at $2,965,000 after buying an additional 15,395 shares during the period. Hedge funds and other institutional investors own 35.50% of the company's stock.

Forestar Group Trading Up 3.5%

Shares of NYSE FOR traded up $0.67 during midday trading on Tuesday, hitting $19.77. 150,776 shares of the company traded hands, compared to its average volume of 176,289. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.50 and a current ratio of 0.50. Forestar Group Inc. has a 12-month low of $18.00 and a 12-month high of $37.21. The stock has a 50-day moving average price of $19.75 and a 200 day moving average price of $23.20. The firm has a market cap of $1.00 billion, a P/E ratio of 5.54 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 (EPS) for the quarter, missing analysts' consensus estimates of $0.71 by ($0.07). The company 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, analysts expect that Forestar Group Inc. will post 3.44 earnings per share for the current year.

Insider Activity at Forestar Group

In related news, Director Elizabeth Parmer sold 1,460 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $20.57, for a total transaction of $30,032.20. Following the sale, the director now directly owns 3,357 shares of the company's stock, valued at $69,053.49. This trade represents 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. 0.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Wall Street Zen upgraded Forestar Group from a "sell" rating to a "hold" rating in a report on Wednesday, February 26th. BTIG Research decreased their price target on Forestar Group from $36.00 to $29.00 and set a "buy" rating on the stock in a research note on Monday, April 21st.

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.