Renaissance Technologies LLC Raises Stake in Forestar Group Inc. (NYSE:FOR)

Renaissance Technologies LLC boosted its position in Forestar Group Inc. (NYSE:FOR - Free Report) by 14.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 190,580 shares of the oil and gas exploration company's stock after buying an additional 24,100 shares during the quarter. Renaissance Technologies LLC owned approximately 0.38% of Forestar Group worth $4,940,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of FOR. R Squared Ltd purchased a new stake in shares of Forestar Group in the 4th quarter valued at $95,000. Heck Capital Advisors LLC bought a new position in shares of Forestar Group during the fourth quarter valued at about $112,000. SG Americas Securities LLC increased its holdings in shares of Forestar Group by 43.3% in the fourth quarter. SG Americas Securities LLC now owns 5,727 shares of the oil and gas exploration company's stock worth $148,000 after buying an additional 1,731 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Forestar Group by 10.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 6,562 shares of the oil and gas exploration company's stock valued at $170,000 after acquiring an additional 602 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in Forestar Group during the 3rd quarter valued at about $233,000. 35.50% of the stock is currently owned by institutional investors.

Forestar Group Trading Down 1.6 %

NYSE:FOR traded down $0.32 during trading hours on Friday, hitting $19.50. The company had a trading volume of 27,675 shares, compared to its average volume of 176,279. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.50 and a quick ratio of 0.50. The stock has a 50-day moving average price of $21.19 and a 200 day moving average price of $25.55. The company has a market capitalization of $988.16 million, a PE ratio of 5.46 and a beta of 1.53. Forestar Group Inc. has a 52 week low of $18.00 and a 52 week high of $37.21.

Forestar Group (NYSE:FOR - Get Free Report) last announced its earnings results on Thursday, April 17th. The oil and gas exploration company reported $0.64 earnings per share for the quarter, missing analysts' consensus estimates of $0.71 by ($0.07). Forestar Group had a net margin of 12.50% and a return on equity of 11.74%. The company had revenue of $351.00 million for the quarter, compared to the consensus estimate of $379.60 million. On average, equities research analysts predict that Forestar Group Inc. will post 3.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on FOR. Citigroup decreased their price target on Forestar Group from $39.00 to $32.00 and set a "buy" rating on the stock in a research note on Thursday, January 23rd. JPMorgan Chase & Co. decreased their target price on shares of Forestar Group from $37.00 to $30.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 28th. StockNews.com raised shares of Forestar Group from a "sell" rating to a "hold" rating in a research report on Wednesday, February 26th. Finally, BTIG Research decreased their price objective on shares of Forestar Group from $36.00 to $29.00 and set a "buy" rating on the stock in a research report on Monday.

Insider Buying and Selling at Forestar Group

In other news, CEO Anthony W. Oxley bought 4,300 shares of the stock in a transaction dated Friday, February 14th. The stock was bought at an average price of $23.14 per share, for a total transaction of $99,502.00. Following the purchase, the chief executive officer now directly owns 4,300 shares in the company, valued at $99,502. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.40% 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.