QS Investors LLC Sells 100,742 Shares of Forestar Group Inc (FOR)

QS Investors LLC lowered its stake in shares of Forestar Group Inc (NYSE:FOR) by 89.7% during the 4th quarter, HoldingsChannel reports. The fund owned 11,602 shares of the oil and gas exploration company’s stock after selling 100,742 shares during the period. QS Investors LLC’s holdings in Forestar Group were worth $255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Jefferies Group LLC lifted its position in shares of Forestar Group by 34.1% during the fourth quarter. Jefferies Group LLC now owns 14,900 shares of the oil and gas exploration company’s stock worth $328,000 after acquiring an additional 3,793 shares in the last quarter. Long Pond Capital LP lifted its position in shares of Forestar Group by 58.3% during the fourth quarter. Long Pond Capital LP now owns 3,372,173 shares of the oil and gas exploration company’s stock worth $74,188,000 after acquiring an additional 1,242,437 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Forestar Group during the fourth quarter worth $5,294,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Forestar Group during the fourth quarter worth $2,597,000. Finally, Schf GPE LLC purchased a new stake in shares of Forestar Group during the fourth quarter worth $18,320,000. Hedge funds and other institutional investors own 23.26% of the company’s stock.

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Shares of Forestar Group Inc (FOR) opened at $21.50 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 17.88 and a quick ratio of 17.88. Forestar Group Inc has a 12-month low of $12.75 and a 12-month high of $26.39. The stock has a market capitalization of $901.69, a price-to-earnings ratio of 12.01 and a beta of 1.84.

In other Forestar Group news, insider Donald J. Tomnitz acquired 4,000 shares of the stock in a transaction that occurred on Tuesday, March 6th. The shares were bought at an average price of $24.17 per share, for a total transaction of $96,680.00. Following the completion of the transaction, the insider now owns 2,000 shares of the company’s stock, valued at approximately $48,340. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.10% of the company’s stock.

Separately, ValuEngine downgraded Forestar Group from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.

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Forestar Group Profile

Forestar Group Inc is a residential and mixed-use real estate development company. The Company operates through three segments. The Real Estate segment secures entitlements and develops infrastructure on its lands, for single-family residential and mixed-use communities. The Mineral resources segment is focused on its owned oil and gas mineral interests through promoting exploration, development and production activities.

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Institutional Ownership by Quarter for Forestar Group (NYSE:FOR)

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