GSA Capital Partners LLP purchased a new position in Forestar Group Inc. (NYSE:FOR) during the second quarter, Holdings Channel reports. The fund purchased 20,024 shares of the oil and gas exploration company’s stock, valued at approximately $238,000. GSA Capital Partners LLP owned about 0.06% of Forestar Group as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of FOR. California State Teachers Retirement System boosted its position in Forestar Group by 0.6% in the second quarter. California State Teachers Retirement System now owns 71,685 shares of the oil and gas exploration company’s stock worth $852,000 after buying an additional 438 shares during the last quarter. American Century Companies Inc. bought a new position in Forestar Group during the second quarter worth approximately $525,000. Shell Asset Management Co. bought a new position in Forestar Group during the second quarter worth approximately $830,000. BNP Paribas Arbitrage SA boosted its position in Forestar Group by 125.3% in the second quarter. BNP Paribas Arbitrage SA now owns 10,462 shares of the oil and gas exploration company’s stock worth $124,000 after buying an additional 5,819 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in Forestar Group by 66.6% in the first quarter. Royal Bank of Canada now owns 19,301 shares of the oil and gas exploration company’s stock worth $252,000 after buying an additional 7,719 shares during the last quarter.
Forestar Group Inc. (NYSE:FOR) traded up 0.09% on Friday, hitting $11.72. 129,538 shares of the stock were exchanged. Forestar Group Inc. has a 52-week low of $7.95 and a 52-week high of $14.87. The firm’s market cap is $402.01 million. The stock’s 50 day moving average price is $12.08 and its 200 day moving average price is $12.31.
Forestar Group (NYSE:FOR) last posted its quarterly earnings results on Friday, July 29th. The oil and gas exploration company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.10 by $0.13. Forestar Group had a positive return on equity of 7.06% and a negative net margin of 66.84%. The business had revenue of $46.40 million for the quarter, compared to analyst estimates of $44.80 million. During the same quarter in the previous year, the firm earned $0.06 EPS. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. Equities research analysts forecast that Forestar Group Inc. will post $0.30 earnings per share for the current year.
Separately, Zacks Investment Research upgraded shares of Forestar Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 12th.
About Forestar Group
Forestar Group Inc is a residential and mixed-use real estate development company. The Company operates through three segments: Real Estate, Oil and Gas, and Other Natural Resources. Its Real Estate segment secures entitlements and develops infrastructure on its lands for single-family residential and mixed-use communities, and manages its undeveloped land, commercial and income producing properties, mainly a hotel and its multifamily properties.
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