AlphaQuest LLC Buys 4,580 Shares of Forestar Group Inc. (NYSE:FOR)

AlphaQuest LLC increased its stake in Forestar Group Inc. (NYSE:FOR) by 30.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,400 shares of the oil and gas exploration company’s stock after buying an additional 4,580 shares during the quarter. AlphaQuest LLC’s holdings in Forestar Group were worth $503,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of FOR. Woodson Capital Management LP lifted its position in Forestar Group by 12.0% in the third quarter. Woodson Capital Management LP now owns 560,000 shares of the oil and gas exploration company’s stock worth $18,127,000 after buying an additional 60,000 shares during the last quarter. Swedbank AB bought a new stake in Forestar Group in the fourth quarter worth $1,296,000. Principal Financial Group Inc. lifted its position in Forestar Group by 13.7% in the third quarter. Principal Financial Group Inc. now owns 360,471 shares of the oil and gas exploration company’s stock worth $11,668,000 after buying an additional 43,369 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in Forestar Group in the third quarter worth $1,013,000. Finally, Los Angeles Capital Management LLC lifted its position in Forestar Group by 73.5% in the third quarter. Los Angeles Capital Management LLC now owns 62,237 shares of the oil and gas exploration company’s stock worth $2,015,000 after buying an additional 26,360 shares during the last quarter. 35.50% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on FOR shares. JPMorgan Chase & Co. lowered their price target on Forestar Group from $37.00 to $30.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. StockNews.com upgraded Forestar Group from a “sell” rating to a “hold” rating in a research report on Wednesday, February 26th. Finally, Citigroup decreased their target price 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.

Forestar Group Stock Down 2.4 %

NYSE:FOR opened at $21.32 on Thursday. Forestar Group Inc. has a twelve month low of $21.13 and a twelve month high of $40.92. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 5.97 and a beta of 1.75. The stock has a fifty day simple moving average of $23.89 and a 200-day simple moving average of $28.05. 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 (NYSE:FOR) last announced its quarterly earnings results on Tuesday, January 21st. The oil and gas exploration company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.33). The firm had revenue of $250.40 million for the quarter, compared to analysts’ expectations of $318.00 million. Forestar Group had a net margin of 12.50% and a return on equity of 11.74%. The business’s quarterly revenue was down 18.1% compared to the same quarter last year. Analysts anticipate that Forestar Group Inc. will post 3.44 EPS for the current year.

Insider Activity

In other news, CEO Anthony W. Oxley purchased 4,300 shares of the business’s stock in a transaction dated Friday, February 14th. The shares were purchased at an average price of $23.14 per share, for a total transaction of $99,502.00. Following the completion of the purchase, the chief executive officer now owns 4,300 shares in the company, valued at approximately $99,502. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.40% of the company’s stock.

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.