Metropolitan Life Insurance Co. NY maintained its position in shares of Forestar Group Inc (NYSE:FOR) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,444 shares of the oil and gas exploration company’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY owned approximately 0.06% of Forestar Group worth $347,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in FOR. OppenheimerFunds Inc. raised its position in shares of Forestar Group by 2.6% in the first quarter. OppenheimerFunds Inc. now owns 12,179 shares of the oil and gas exploration company’s stock worth $166,000 after buying an additional 310 shares during the last quarter. AGF Investments America Inc. raised its position in shares of 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 worth $409,000 after buying an additional 523 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in shares of 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 worth $1,717,000 after buying an additional 1,835 shares during the last quarter. Mason Street Advisors LLC raised its position in shares of Forestar Group by 32.7% in the first quarter. Mason Street Advisors LLC now owns 7,702 shares of the oil and gas exploration company’s stock worth $105,000 after buying an additional 1,900 shares during the last quarter. Finally, Teachers Advisors LLC raised its position in shares of Forestar Group by 3.9% in the fourth quarter. Teachers Advisors LLC now owns 55,260 shares of the oil and gas exploration company’s stock worth $735,000 after buying an additional 2,065 shares during the last quarter. 85.36% of the stock is owned by institutional investors.
Shares of Forestar Group Inc (NYSE:FOR) remained flat at $17.10 during trading on Friday. 857,227 shares of the company were exchanged. Forestar Group Inc has a 52-week low of $10.60 and a 52-week high of $17.77. The company has a market capitalization of $717.07 million, a P/E ratio of 9.89 and a beta of 1.95. The firm has a 50 day moving average price of $17.17 and a 200-day moving average price of $14.90.
A number of equities analysts recently commented on the company. BidaskClub lowered Forestar Group from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. TheStreet lowered Forestar Group from a “b-” rating to a “c+” rating in a research note on Friday, May 26th.
Forestar Group Company 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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