23,781 Shares in Forestar Group Inc. (NYSE:FOR) Bought by Quadrature Capital Ltd

Quadrature Capital Ltd acquired a new position in Forestar Group Inc. (NYSE:FOR) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 23,781 shares of the oil and gas exploration company’s stock, valued at approximately $786,000.

A number of other large investors have also recently bought and sold shares of FOR. Dimensional Fund Advisors LP boosted its holdings in Forestar Group by 11.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,026,590 shares of the oil and gas exploration company’s stock worth $67,021,000 after purchasing an additional 200,686 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in Forestar Group by 110.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 261,072 shares of the oil and gas exploration company’s stock worth $7,033,000 after purchasing an additional 137,270 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Forestar Group by 3.4% during the third quarter. Vanguard Group Inc. now owns 2,761,849 shares of the oil and gas exploration company’s stock valued at $74,404,000 after acquiring an additional 90,291 shares during the period. Algert Global LLC boosted its holdings in Forestar Group by 90.5% during the third quarter. Algert Global LLC now owns 180,700 shares of the oil and gas exploration company’s stock valued at $4,868,000 after acquiring an additional 85,867 shares during the period. Finally, Acadian Asset Management LLC boosted its holdings in Forestar Group by 4,350.4% during the third quarter. Acadian Asset Management LLC now owns 67,157 shares of the oil and gas exploration company’s stock valued at $1,807,000 after acquiring an additional 65,648 shares during the period. 35.50% of the stock is currently owned by institutional investors.

Insider Activity at Forestar Group

In related news, CEO Anthony W. Oxley bought 3,210 shares of Forestar Group stock in a transaction that occurred on Wednesday, April 24th. The stock was acquired at an average price of $31.15 per share, for a total transaction of $99,991.50. Following the completion of the purchase, the chief executive officer now owns 3,210 shares in the company, valued at $99,991.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.49% of the stock is owned by corporate insiders.

Forestar Group Stock Up 4.1 %

NYSE FOR opened at $32.47 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.85 and a current ratio of 1.85. The firm has a 50-day simple moving average of $32.98 and a 200 day simple moving average of $33.84. Forestar Group Inc. has a twelve month low of $20.59 and a twelve month high of $40.92. The stock has a market cap of $1.64 billion, a PE ratio of 8.08 and a beta of 1.78.

Forestar Group (NYSE:FOR) last released its earnings results on Thursday, April 18th. The oil and gas exploration company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.05. Forestar Group had a net margin of 12.99% and a return on equity of 14.59%. The business had revenue of $333.80 million during the quarter, compared to analysts’ expectations of $345.60 million. On average, research analysts forecast that Forestar Group Inc. will post 3.87 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on FOR shares. StockNews.com cut shares of Forestar Group from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Citigroup upped their price target on shares of Forestar Group from $44.00 to $46.00 and gave the company a “buy” rating in a report on Friday, May 17th.

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.