23,500 Shares in Forestar Group Inc. (FOR) Acquired by Rational Advisors LLC

Rational Advisors LLC bought a new stake in shares of Forestar Group Inc. (NYSE:FOR) during the first quarter, according to its most recent 13F filing with the SEC. The fund bought 23,500 shares of the oil and gas exploration company’s stock, valued at approximately $321,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Trexquant Investment LP raised its position in Forestar Group by 12.1% in the first quarter. Trexquant Investment LP now owns 62,800 shares of the oil and gas exploration company’s stock valued at $857,000 after buying an additional 6,797 shares during the last quarter. AGF Investments America Inc. raised its position in Forestar Group by 1.8% in the first quarter. AGF Investments America Inc. now owns 29,995 shares of the oil and gas exploration company’s stock valued at $409,000 after buying an additional 523 shares during the last quarter. State of Tennessee Treasury Department raised its position in Forestar Group by 46.4% in the first quarter. State of Tennessee Treasury Department now owns 31,060 shares of the oil and gas exploration company’s stock valued at $424,000 after buying an additional 9,837 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in Forestar Group by 1.5% in the first quarter. Parametric Portfolio Associates LLC now owns 125,762 shares of the oil and gas exploration company’s stock valued at $1,717,000 after buying an additional 1,835 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in Forestar Group by 29.3% in the first quarter. Ameriprise Financial Inc. now owns 175,326 shares of the oil and gas exploration company’s stock valued at $2,393,000 after buying an additional 39,696 shares during the last quarter.

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

Shares of Forestar Group Inc. (NYSE:FOR) traded up 0.35% during trading on Friday, reaching $14.15. 289,199 shares of the company were exchanged. Forestar Group Inc. has a 1-year low of $10.60 and a 1-year high of $14.40. The firm has a market capitalization of $592.28 million, a PE ratio of 6.81 and a beta of 1.83. The company’s 50-day moving average is $14.12 and its 200 day moving average is $13.24.

Forestar Group (NYSE:FOR) last released its quarterly earnings data on Wednesday, March 1st. The oil and gas exploration company reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.15. Forestar Group had a net margin of 3.48% and a return on equity of 12.38%. The firm had revenue of $64.50 million for the quarter, compared to the consensus estimate of $48 million. During the same period last year, the firm earned $0.45 earnings per share. The company’s quarterly revenue was down 38.8% on a year-over-year basis. Equities research analysts expect that Forestar Group Inc. will post $0.50 EPS for the current fiscal year.

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Separately, TheStreet upgraded shares of Forestar Group from a “c+” rating to a “b” rating in a report on Monday, April 10th.

About Forestar Group

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.

12 Month Chart for NYSE:FOR

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