Birch Run Capital Advisors Lp adds Forestar Group (FOR) to its portfolio

Forestar Group (FOR) : Birch Run Capital Advisors Lp added new position in Forestar Group during the most recent quarter end. The investment management firm now holds 211,323 shares of Forestar Group which is valued at $2,641,538 , the company said in a statement filed on Nov 14, 2016 with the SEC.Forestar Group makes up approximately 0.91% of Birch Run Capital Advisors Lp’s portfolio.

Other Hedge Funds, Including , Two Sigma Investments Lp boosted its stake in FOR in the latest quarter, The investment management firm added 19,610 additional shares and now holds a total of 35,205 shares of Forestar Group which is valued at $440,063.Dimensional Fund Advisors Lp boosted its stake in FOR in the latest quarter, The investment management firm added 142,680 additional shares and now holds a total of 1,953,227 shares of Forestar Group which is valued at $24,220,015. Forestar Group makes up approx 0.01% of Dimensional Fund Advisors Lp’s portfolio.Blackrock Advisors reduced its stake in FOR by selling 35 shares or 0.2% in the most recent quarter. The Hedge Fund company now holds 17,714 shares of FOR which is valued at $201,054.Rhumbline Advisers reduced its stake in FOR by selling 405 shares or 0.78% in the most recent quarter. The Hedge Fund company now holds 51,847 shares of FOR which is valued at $588,463.Neuberger Berman Group reduced its stake in FOR by selling 10,000 shares or 8.53% in the most recent quarter. The Hedge Fund company now holds 107,300 shares of FOR which is valued at $1,153,475.

Forestar Group opened for trading at $12.55 and hit $12.85 on the upside on Monday, eventually ending the session at $12.8, with a gain of 2.40% or 0.3 points. The heightened volatility saw the trading volume jump to 3,09,952 shares. Company has a market cap of $432 M.

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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