Forestar Group Inc. (NYSE:FOR) Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its holdings in shares of Forestar Group Inc. (NYSE:FOR) by 37.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,650 shares of the oil and gas exploration company’s stock after purchasing an additional 5,847 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Forestar Group were worth $561,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its position in shares of Forestar Group by 9.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,438,669 shares of the oil and gas exploration company’s stock valued at $78,012,000 after acquiring an additional 201,032 shares during the last quarter. Woodson Capital Management LP increased its holdings in Forestar Group by 12.0% in the 3rd quarter. Woodson Capital Management LP now owns 560,000 shares of the oil and gas exploration company’s stock valued at $18,127,000 after purchasing an additional 60,000 shares during the last quarter. Moody Aldrich Partners LLC raised its position in Forestar Group by 27.2% in the third quarter. Moody Aldrich Partners LLC now owns 216,354 shares of the oil and gas exploration company’s stock valued at $7,003,000 after purchasing an additional 46,250 shares during the period. Principal Financial Group Inc. raised 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 valued at $11,668,000 after purchasing an additional 43,369 shares during the period. Finally, Point72 Asset Management L.P. acquired a new position in Forestar Group during the third quarter worth $1,013,000. 35.50% of the stock is currently owned by hedge funds and other institutional investors.

Forestar Group Price Performance

Forestar Group stock opened at $23.46 on Friday. The company has a quick ratio of 1.61, a current ratio of 0.50 and a debt-to-equity ratio of 0.50. Forestar Group Inc. has a 52-week low of $23.38 and a 52-week high of $40.92. The firm has a market cap of $1.19 billion, a PE ratio of 6.57 and a beta of 1.74. The company’s 50 day moving average is $27.16 and its two-hundred day moving average is $29.88.

Forestar Group (NYSE:FOR) last announced its quarterly earnings data on Tuesday, January 21st. The oil and gas exploration company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.33). Forestar Group had a net margin of 12.50% and a return on equity of 11.74%. The company had revenue of $250.40 million during the quarter, compared to analyst estimates of $318,000 billion. The company’s quarterly revenue was down 18.1% compared to the same quarter last year. On average, research analysts expect that Forestar Group Inc. will post 3.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Citigroup cut their price objective on Forestar Group from $39.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday.

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.