Quadrature Capital Ltd Acquires Shares of 23,781 Forestar Group Inc. (NYSE:FOR)

Quadrature Capital Ltd acquired a new stake in Forestar Group Inc. (NYSE:FOR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 23,781 shares of the oil and gas exploration company’s stock, valued at approximately $786,000.

Several other hedge funds also recently added to or reduced their stakes in FOR. Dimensional Fund Advisors LP raised its position 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 valued at $67,021,000 after purchasing an additional 200,686 shares during the period. Jacobs Levy Equity Management Inc. raised its position 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 valued at $7,033,000 after purchasing an additional 137,270 shares during the period. Vanguard Group Inc. raised its position in Forestar Group by 3.4% in 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 purchasing an additional 90,291 shares during the period. Algert Global LLC raised its position in Forestar Group by 90.5% in 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 purchasing an additional 85,867 shares during the period. Finally, Acadian Asset Management LLC raised its position in Forestar Group by 4,350.4% in 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 purchasing an additional 65,648 shares during the period. 35.50% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

FOR has been the subject of several recent analyst reports. Citigroup raised their target price on Forestar Group from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, May 17th. StockNews.com downgraded Forestar Group from a “buy” rating to a “hold” rating in a research note on Friday, April 26th.

Insider Buying and Selling

In other news, CEO Anthony W. Oxley purchased 3,210 shares of the firm’s stock in a transaction that occurred on Wednesday, April 24th. The stock was acquired at an average cost 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 of the company’s stock, valued at $99,991.50. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.49% of the company’s stock.

Forestar Group Stock Up 4.1 %

Shares of Forestar Group stock opened at $32.47 on Friday. The business has a 50-day moving average of $32.98 and a 200-day moving average of $33.84. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.85 and a quick ratio of 1.85. The company has a market capitalization of $1.64 billion, a PE ratio of 8.08 and a beta of 1.78. Forestar Group Inc. has a 1-year low of $20.59 and a 1-year high of $40.92.

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

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.