AQR Capital Management LLC Has $4.47 Million Stock Position in Forestar Group Inc. (NYSE:FOR)

AQR Capital Management LLC grew its position in Forestar Group Inc. (NYSE:FOR - Free Report) by 35.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 172,293 shares of the oil and gas exploration company's stock after buying an additional 44,885 shares during the period. AQR Capital Management LLC owned 0.34% of Forestar Group worth $4,466,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Northern Trust Corp increased its position in Forestar Group by 6.1% during the 4th quarter. Northern Trust Corp now owns 217,260 shares of the oil and gas exploration company's stock worth $5,631,000 after purchasing an additional 12,502 shares in the last quarter. Aquatic Capital Management LLC boosted its position in shares of Forestar Group by 155.3% during the fourth quarter. Aquatic Capital Management LLC now owns 14,044 shares of the oil and gas exploration company's stock valued at $364,000 after buying an additional 8,544 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position 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. Dark Forest Capital Management LP purchased a new position in Forestar Group in the 4th quarter valued at approximately $323,000. Finally, Hsbc Holdings PLC bought a new position in shares of Forestar Group in the fourth quarter worth $380,000. Institutional investors own 35.50% of the company's stock.

Wall Street Analyst Weigh In

FOR has been the subject of several research reports. StockNews.com upgraded shares of Forestar Group from a "sell" rating to a "hold" rating in a report on Wednesday, February 26th. BTIG Research lowered their price objective 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. Citigroup cut their price objective on Forestar Group from $39.00 to $32.00 and set a "buy" rating for the company in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. dropped their price objective on Forestar Group from $37.00 to $30.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 28th.

Forestar Group Stock Up 0.3%

Shares of NYSE:FOR traded up $0.07 during trading on Tuesday, hitting $20.65. 194,121 shares of the company were exchanged, compared to its average volume of 175,284. The firm's 50 day moving average price is $20.48 and its 200-day moving average price is $24.41. Forestar Group Inc. has a 12-month low of $18.00 and a 12-month high of $37.21. 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 market capitalization of $1.05 billion, a P/E ratio of 5.78 and a beta of 1.46.

Forestar Group (NYSE:FOR - Get Free Report) last announced its earnings results 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). Forestar Group had a return on equity of 11.74% and a net margin of 12.50%. The firm had revenue of $351.00 million for the quarter, compared to analyst estimates of $379.60 million. On average, research analysts predict that Forestar Group Inc. will post 3.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Anthony W. Oxley bought 4,300 shares of the firm's stock in a transaction that occurred on Friday, February 14th. The shares were acquired at an average cost of $23.14 per share, with a total value of $99,502.00. Following the completion of the transaction, the chief executive officer now directly owns 4,300 shares in the company, valued at $99,502. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Elizabeth Parmer sold 1,460 shares of the business's stock in a transaction 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 completion of the transaction, the director now directly owns 3,357 shares in the company, valued at approximately $69,053.49. This represents a 30.31% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.40% of the company's stock.

Forestar Group 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.