Capula Management Ltd Takes $243,000 Position in Forestar Group Inc. (NYSE:FOR)

Capula Management Ltd bought a new position in shares of Forestar Group Inc. (NYSE:FOR) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,371 shares of the oil and gas exploration company’s stock, valued at approximately $243,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FOR. Renaissance Technologies LLC boosted its stake in Forestar Group by 14.5% in the fourth quarter. Renaissance Technologies LLC now owns 190,580 shares of the oil and gas exploration company’s stock valued at $4,940,000 after acquiring an additional 24,100 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Forestar Group by 19.2% in the 4th quarter. Wells Fargo & Company MN now owns 32,026 shares of the oil and gas exploration company’s stock valued at $830,000 after purchasing an additional 5,152 shares during the period. ExodusPoint Capital Management LP purchased a new position in Forestar Group during the 4th quarter worth approximately $634,000. Geode Capital Management LLC grew its stake in Forestar Group by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 473,883 shares of the oil and gas exploration company’s stock worth $12,286,000 after buying an additional 2,038 shares during the last quarter. Finally, Heartland Advisors Inc. lifted its stake in Forestar Group by 12.2% in the fourth quarter. Heartland Advisors Inc. now owns 392,600 shares of the oil and gas exploration company’s stock valued at $10,176,000 after buying an additional 42,600 shares during the last quarter. 35.50% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Anthony W. Oxley acquired 4,300 shares of Forestar Group stock in a transaction that occurred on Friday, February 14th. The stock was purchased at an average price of $23.14 per share, for a total transaction of $99,502.00. Following the completion of the purchase, the chief executive officer now directly owns 4,300 shares of the company’s stock, valued at approximately $99,502. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.40% of the company’s stock.

Forestar Group Price Performance

Shares of NYSE:FOR opened at $19.19 on Wednesday. Forestar Group Inc. has a 52 week low of $19.00 and a 52 week high of $40.79. The company has a 50-day moving average price of $22.17 and a 200 day moving average price of $26.62. The company has a market cap of $972.45 million, a P/E ratio of 5.38 and a beta of 1.53. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.50.

Forestar Group (NYSE:FOR) last posted its quarterly earnings results on Tuesday, January 21st. The oil and gas exploration company reported $0.32 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 business had revenue of $250.40 million during the quarter, compared to analyst estimates of $318.00 million. Forestar Group’s quarterly revenue was down 18.1% on a year-over-year basis. Research analysts predict that Forestar Group Inc. will post 3.44 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on FOR shares. StockNews.com raised shares of Forestar Group from a “sell” rating to a “hold” rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. reduced their price objective on Forestar Group from $37.00 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday, January 28th. Finally, Citigroup lowered their target price 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.

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.