Cornerstone Capital Management Holdings LLC. lifted its position in shares of Forestar Group Inc (NYSE:FOR) by 105.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 243,000 shares of the oil and gas exploration company’s stock after acquiring an additional 124,600 shares during the period. Cornerstone Capital Management Holdings LLC. owned approximately 0.58% of Forestar Group worth $3,826,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Municipal Employees Retirement System of Michigan increased its position in shares of Forestar Group by 27.3% during 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 acquiring an additional 1,670 shares in the last quarter. FNY Partners Fund LP purchased a new stake in Forestar Group in the second quarter worth approximately $136,000. Quantbot Technologies LP purchased a new stake in Forestar Group in the second quarter worth approximately $149,000. Stifel Financial Corp boosted its holdings in Forestar Group by 1.8% in the second quarter. Stifel Financial Corp now owns 10,632 shares of the oil and gas exploration company’s stock worth $182,000 after purchasing an additional 183 shares during the last quarter. Finally, Covenant Multifamily Offices LLC purchased a new stake in Forestar Group in the second quarter worth approximately $184,000. 80.17% of the stock is owned by institutional investors.
Shares of Forestar Group Inc (FOR) opened at $22.50 on Friday. Forestar Group Inc has a fifty-two week low of $15.61 and a fifty-two week high of $22.70. The company has a debt-to-equity ratio of 0.18, a current ratio of 26.13 and a quick ratio of 26.13. The stock has a market cap of $943.63, a P/E ratio of 19.40 and a beta of 1.93.
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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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