Marshall Wace LLP Makes New $835,000 Investment in Forestar Group Inc. (NYSE:FOR)

Marshall Wace LLP purchased a new position in shares of Forestar Group Inc. (NYSE:FOR - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 26,098 shares of the oil and gas exploration company's stock, valued at approximately $835,000. Marshall Wace LLP owned 0.05% of Forestar Group as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FOR. Nebula Research & Development LLC boosted its stake in shares of Forestar Group by 115.3% in the 4th quarter. Nebula Research & Development LLC now owns 22,849 shares of the oil and gas exploration company's stock worth $756,000 after buying an additional 12,237 shares during the last quarter. Vanguard Group Inc. boosted its position in Forestar Group by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 2,777,578 shares of the oil and gas exploration company's stock worth $91,855,000 after purchasing an additional 15,729 shares during the last quarter. Quadrature Capital Ltd bought a new position in Forestar Group in the 4th quarter valued at $786,000. Los Angeles Capital Management LLC increased its position in shares of Forestar Group by 82.3% during the 1st quarter. Los Angeles Capital Management LLC now owns 65,867 shares of the oil and gas exploration company's stock valued at $2,647,000 after purchasing an additional 29,743 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Forestar Group by 918.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 45,195 shares of the oil and gas exploration company's stock worth $1,816,000 after purchasing an additional 40,759 shares during the period. Institutional investors own 35.50% of the company's stock.

Wall Street Analyst Weigh In

FOR has been the topic of several research reports. BTIG Research lowered their price objective on shares of Forestar Group from $41.00 to $37.00 and set a "buy" rating on the stock in a research report on Friday, July 19th. JPMorgan Chase & Co. lowered their price target on shares of Forestar Group from $37.50 to $36.00 and set a "neutral" rating on the stock in a report on Thursday, July 25th. Finally, Citigroup reduced their price objective on Forestar Group from $46.00 to $43.00 and set a "buy" rating for the company in a report on Tuesday, July 2nd.

Forestar Group Stock Performance

NYSE:FOR traded up $0.05 on Wednesday, reaching $31.45. 88,573 shares of the company's stock were exchanged, compared to its average volume of 200,259. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 7.82 and a beta of 1.76. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.50 and a quick ratio of 1.50. The stock has a fifty day simple moving average of $30.84 and a 200-day simple moving average of $32.65. Forestar Group Inc. has a 52 week low of $22.71 and a 52 week high of $40.92.

Forestar Group (NYSE:FOR - Get Free Report) last announced its quarterly earnings results on Thursday, July 18th. The oil and gas exploration company reported $0.76 EPS for the quarter, missing analysts' consensus estimates of $0.89 by ($0.13). Forestar Group had a net margin of 12.89% and a return on equity of 13.48%. The business had revenue of $318.40 million for the quarter, compared to analysts' expectations of $370.50 million. As a group, sell-side analysts predict that Forestar Group Inc. will post 3.72 earnings per share for the current year.

Insider Transactions at Forestar Group

In related news, Director G.F. (Rick) Ringler III sold 2,000 shares of the stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $32.58, for a total transaction of $65,160.00. Following the sale, the director now owns 5,951 shares of the company's stock, valued at approximately $193,883.58. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other 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 completion of the transaction, the director now directly owns 1,548 shares in the company, valued at $49,907.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director G.F. (Rick) Ringler III sold 2,000 shares of the company's stock in a transaction on Friday, September 27th. The stock was sold at an average price of $32.58, for a total transaction of $65,160.00. Following the completion of the transaction, the director now directly owns 5,951 shares in the company, valued at approximately $193,883.58. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,095 shares of company stock valued at $162,287 over the last three months. Company insiders own 0.49% of the company's stock.

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.