Shares of Forestar Group Inc. (NYSE:FOR) saw unusually-high trading volume on Monday . Approximately 454,485 shares were traded during mid-day trading, an increase of 52% from the previous session’s volume of 299,062 shares.The stock last traded at $12.37 and had previously closed at $12.38.

Separately, Zacks Investment Research downgraded Forestar Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 3rd.

The company’s market cap is $424.30 million. The stock’s 50-day moving average is $12.22 and its 200-day moving average is $11.40.

Forestar Group (NYSE:FOR) last issued its earnings results on Tuesday, May 10th. The oil and gas exploration company reported ($0.13) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by $0.16. The business earned $41.90 million during the quarter, compared to the consensus estimate of $54.94 million. Forestar Group’s revenue was down 12.3% compared to the same quarter last year. Equities research analysts expect that Forestar Group Inc. will post $0.48 EPS for the current fiscal year.

A number of hedge funds recently modified their holdings of FOR. I.G. Investment Management LTD. boosted its stake in shares of Forestar Group by 3.2% in the fourth quarter. I.G. Investment Management LTD. now owns 94,014 shares of the oil and gas exploration company’s stock valued at $1,029,000 after buying an additional 2,881 shares during the last quarter. Royce & Associates LLC boosted its position in Forestar Group by 12.9% in the fourth quarter. Royce & Associates LLC now owns 175,000 shares of the oil and gas exploration company’s stock worth $1,915,000 after buying an additional 20,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Forestar Group by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,752,009 shares of the oil and gas exploration company’s stock worth $19,167,000 after buying an additional 23,521 shares in the last quarter.

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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