Mariner LLC bought a new stake in Forestar Group Inc. (NYSE:FOR - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 16,010 shares of the oil and gas exploration company's stock, valued at approximately $415,000.
Several other hedge funds have also recently added to or reduced their stakes in FOR. Carolina Wealth Advisors LLC lifted its position in shares of Forestar Group by 2.3% in the fourth quarter. Carolina Wealth Advisors LLC now owns 20,589 shares of the oil and gas exploration company's stock valued at $534,000 after acquiring an additional 454 shares in the last quarter. Sterling Capital Management LLC increased its holdings 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 valued at $406,000 after buying an additional 479 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Forestar Group by 10.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 6,562 shares of the oil and gas exploration company's stock worth $170,000 after buying an additional 602 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Forestar Group by 0.7% during 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 buying an additional 1,097 shares during the last quarter. Finally, Summit Global Investments raised its holdings in shares of Forestar Group by 3.7% during the fourth quarter. Summit Global Investments now owns 33,194 shares of the oil and gas exploration company's stock valued at $860,000 after buying an additional 1,192 shares during the last quarter. Institutional investors and hedge funds own 35.50% of the company's stock.
Analysts Set New Price Targets
A number of analysts have recently commented on the company. 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. StockNews.com upgraded shares of Forestar Group from a "sell" rating to a "hold" rating in a report on Wednesday, February 26th. Citigroup cut their target price on shares of 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, BTIG Research reduced their target price on shares of Forestar Group from $36.00 to $29.00 and set a "buy" rating for the company in a research note on Monday, April 21st.
Get Our Latest Report on FOR
Insider Activity
In other news, CEO Anthony W. Oxley purchased 4,300 shares of Forestar Group stock in a transaction on Friday, February 14th. The stock was purchased at an average price of $23.14 per share, with a total value of $99,502.00. Following the transaction, the chief executive officer now directly owns 4,300 shares in the company, valued at $99,502. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. 0.40% of the stock is owned by company insiders.
Forestar Group Price Performance
Shares of FOR traded up $0.12 on Thursday, hitting $19.68. The company's stock had a trading volume of 10,570 shares, compared to its average volume of 211,651. 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 company has a market capitalization of $1.00 billion, a PE ratio of 5.51 and a beta of 1.46. Forestar Group Inc. has a fifty-two week low of $18.00 and a fifty-two week high of $37.21. The company has a 50 day moving average price of $20.59 and a 200 day moving average price of $24.78.
Forestar Group (NYSE:FOR - Get Free Report) last posted its quarterly earnings results 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). The business had revenue of $351.00 million for the quarter, compared to the consensus estimate of $379.60 million. Forestar Group had a return on equity of 11.74% and a net margin of 12.50%. On average, research analysts anticipate that Forestar Group Inc. will post 3.44 earnings per share for the current fiscal year.
About Forestar Group
(
Free Report)
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.
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