AQR Capital Management LLC Sells 45,413 Shares of Forestar Group Inc. (NYSE:FOR)

AQR Capital Management LLC cut its holdings in shares of Forestar Group Inc. (NYSE:FOR) by 19.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 185,127 shares of the oil and gas exploration company’s stock after selling 45,413 shares during the quarter. AQR Capital Management LLC’s holdings in Forestar Group were worth $5,922,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Transcendent Capital Group LLC purchased a new position in shares of Forestar Group in the first quarter worth $32,000. CWM LLC increased its holdings in Forestar Group by 111.6% in the 2nd quarter. CWM LLC now owns 1,060 shares of the oil and gas exploration company’s stock valued at $34,000 after acquiring an additional 559 shares during the last quarter. Family Firm Inc. purchased a new stake in Forestar Group in the 2nd quarter worth $34,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Forestar Group by 115.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 924 shares of the oil and gas exploration company’s stock valued at $37,000 after purchasing an additional 495 shares during the last quarter. Finally, Innealta Capital LLC purchased a new position in shares of Forestar Group during the second quarter valued at about $112,000. 35.50% of the stock is currently owned by hedge funds and other institutional investors.

Forestar Group Stock Up 0.9 %

Shares of NYSE:FOR opened at $32.38 on Friday. The company has a market cap of $1.64 billion, a price-to-earnings ratio of 8.05 and a beta of 1.76. Forestar Group Inc. has a 12 month low of $22.71 and a 12 month high of $40.92. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.47. The company has a 50-day moving average price of $30.86 and a 200 day moving average price of $32.78.

Forestar Group (NYSE:FOR) last posted its quarterly earnings data on Thursday, July 18th. The oil and gas exploration company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.13). The company had revenue of $318.40 million during the quarter, compared to the consensus estimate of $370.50 million. Forestar Group had a net margin of 12.89% and a return on equity of 13.48%. As a group, equities research analysts predict that Forestar Group Inc. will post 3.72 earnings per share for the current year.

Insider Buying and Selling

In other Forestar Group news, Director Elizabeth Parmer sold 1,547 shares of the business’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $32.24, for a total transaction of $49,875.28. Following the transaction, the director now owns 1,548 shares in the company, valued at $49,907.52. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Forestar Group news, Director G.F. (Rick) Ringler III sold 2,000 shares of the firm’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $32.58, for a total value of $65,160.00. Following the completion of the sale, the director now owns 5,951 shares of the company’s stock, valued at $193,883.58. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Elizabeth Parmer sold 1,547 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $32.24, for a total value of $49,875.28. Following the transaction, the director now owns 1,548 shares of the company’s stock, valued at $49,907.52. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,095 shares of company stock worth $162,287 over the last three months. 0.49% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on FOR. Citigroup decreased their target price on Forestar Group from $46.00 to $43.00 and set a “buy” rating on the stock in a research report on Tuesday, July 2nd. BTIG Research decreased their price objective on Forestar Group from $41.00 to $37.00 and set a “buy” rating on the stock in a report on Friday, July 19th. Finally, JPMorgan Chase & Co. cut their target price on shares of Forestar Group from $37.50 to $36.00 and set a “neutral” rating for the company in a report on Thursday, July 25th.

Forestar Group Company 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.