California Public Employees Retirement System held its position in shares of Forestar Group Inc (NYSE:FOR) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,600 shares of the oil and gas exploration company’s stock at the end of the 2nd quarter. California Public Employees Retirement System owned 0.12% of Forestar Group worth $885,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State of Alaska Department of Revenue increased its holdings in Forestar Group by 79.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 6,543 shares of the oil and gas exploration company’s stock worth $112,000 after acquiring an additional 2,903 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in Forestar Group by 27.3% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,780 shares of the oil and gas exploration company’s stock worth $133,000 after acquiring an additional 1,670 shares in the last quarter. FNY Partners Fund LP purchased a new stake in Forestar Group in the 2nd quarter worth approximately $136,000. OppenheimerFunds Inc. increased its holdings in Forestar Group by 2.6% in the 1st quarter. OppenheimerFunds Inc. now owns 12,179 shares of the oil and gas exploration company’s stock worth $166,000 after acquiring an additional 310 shares in the last quarter. Finally, Covenant Multifamily Offices LLC purchased a new stake in Forestar Group in the 2nd quarter worth approximately $184,000. 86.43% of the stock is owned by hedge funds and other institutional investors.
Shares of Forestar Group Inc (FOR) opened at $18.30 on Wednesday. The stock has a market cap of $765.39, a P/E ratio of 15.73 and a beta of 1.85. Forestar Group Inc has a fifty-two week low of $12.25 and a fifty-two week high of $18.45. The company has a quick ratio of 26.13, a current ratio of 26.13 and a debt-to-equity ratio of 0.18.
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Separately, BidaskClub lowered 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.
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