Forestar Group Inc (FOR) Shares Bought by Rhumbline Advisers

Rhumbline Advisers boosted its position in Forestar Group Inc (NYSE:FOR) by 13.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 78,598 shares of the oil and gas exploration company’s stock after purchasing an additional 9,079 shares during the period. Rhumbline Advisers owned about 0.19% of Forestar Group worth $1,348,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. State of Alaska Department of Revenue lifted its stake in Forestar Group by 79.8% in the second quarter. State of Alaska Department of Revenue now owns 6,543 shares of the oil and gas exploration company’s stock valued at $112,000 after purchasing an additional 2,903 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Forestar Group by 1,200.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,583 shares of the oil and gas exploration company’s stock valued at $104,000 after purchasing an additional 7,000 shares during the last quarter. Mason Street Advisors LLC lifted its stake in 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 valued at $105,000 after purchasing an additional 1,900 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in Forestar Group by 27.3% in the second quarter. Municipal Employees Retirement System of Michigan now owns 7,780 shares of the oil and gas exploration company’s stock valued at $133,000 after purchasing an additional 1,670 shares during the last quarter. Finally, OppenheimerFunds Inc. lifted its stake in 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 valued at $166,000 after purchasing an additional 310 shares during the last quarter. Institutional investors and hedge funds own 85.07% of the company’s stock.

Shares of Forestar Group Inc (FOR) opened at 17.30 on Friday. Forestar Group Inc has a one year low of $10.60 and a one year high of $17.77. The firm’s 50-day moving average is $17.18 and its 200-day moving average is $15.56. The company has a market cap of $725.46 million, a PE ratio of 10.01 and a beta of 1.89.

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FOR has been the topic of a number of analyst reports. TheStreet cut shares of Forestar Group from a “b-” rating to a “c+” rating in a report on Friday, May 26th. BidaskClub cut shares of Forestar Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th.

Forestar Group 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.

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

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