Agf Investments America adds Forestar Group (FOR) to its portfolio

Forestar Group (FOR) : Agf Investments America added new position in Forestar Group during the most recent quarter end. The investment management firm now holds 28,999 shares of Forestar Group which is valued at $341,608 , the company said in a statement filed on Aug 1, 2016 with the SEC.Forestar Group makes up approximately 0.15% of Agf Investments America’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System boosted its stake in FOR in the latest quarter, The investment management firm added 438 additional shares and now holds a total of 71,685 shares of Forestar Group which is valued at $844,449. Shell Asset Management Co added FOR to its portfolio by purchasing 69,814 company shares during the most recent quarter which is valued at $855,222. Forestar Group makes up approx 0.02% of Shell Asset Management Co’s portfolio. Creative Planning sold out all of its stake in FOR during the most recent quarter. The investment firm sold 200 shares of FOR which is valued $2,470.

Forestar Group (FOR) witnessed a volatile trading activity on Thursday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $11.8 and reached the intraday high at $11.9. The bulls started the profit booking and pushed the shares to intraday low of $11.64. The trading session was marked by a volume range of 1,63,135 shares exchanging hands. The 52-week high of the shares is $14.87 and the 52-week low is $7.95. The market cap of the company stands at $399 M and there are 3,39,08,002 shares in public circulation.

On the company’s financial health, Forestar Group reported $0.28 EPS for the quarter, beating the analyst consensus estimate by $ 0.18 according to the earnings call on Jul 29, 2016. Analyst had a consensus of $0.10. The company had revenue of $46.40 million for the quarter, compared to analysts expectations of $41.24 million. The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS.

Forestar Group Inc. is a real estate and oil and gas company. The Company owns directly or through ventures approximately 113000 acres of real estate located in 10 states and 13 markets including approximately 102000 acres with timber primarily in Georgia. It also has approximately 960000 net acres of oil and gas mineral interests. The Company operates in three segments: real estate oil and gas and other natural resources. Its real estate segment conducts project planning and management activities related to the acquisition entitlement development and sale of real estate primarily residential and mixed-use communities. Its oil and gas segment is engaged in the exploration development and production of oil and gas on the Company’s owned and leasehold mineral interests. Its other natural resources segment sells wood fiber from portions of its land primarily in Georgia and leases land for recreational uses.

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