Vanguard Group Inc. Has $42.80 Million Stake in Forestar Group Inc (FOR)
Vanguard Group Inc. boosted its stake in Forestar Group Inc (NYSE:FOR) by 15.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,135,757 shares of the oil and gas exploration company’s stock after buying an additional 415,322 shares during the period. Vanguard Group Inc. owned about 0.08% of Forestar Group worth $42,804,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. Norges Bank bought a new stake in Forestar Group during the fourth quarter valued at approximately $7,740,000. Acadian Asset Management LLC increased its stake in Forestar Group by 84.8% in the first quarter. Acadian Asset Management LLC now owns 804,805 shares of the oil and gas exploration company’s stock valued at $10,984,000 after buying an additional 369,216 shares during the last quarter. Heartland Advisors Inc. bought a new stake in Forestar Group during the first quarter valued at approximately $4,877,000. James Investment Research Inc. bought a new stake in Forestar Group during the first quarter valued at approximately $2,850,000. Finally, TIAA CREF Investment Management LLC increased its stake in Forestar Group by 171.8% in the first quarter. TIAA CREF Investment Management LLC now owns 273,370 shares of the oil and gas exploration company’s stock valued at $3,732,000 after buying an additional 172,808 shares during the last quarter. Institutional investors and hedge funds own 84.20% of the company’s stock.
Forestar Group Inc (NYSE FOR) remained flat at $17.10 during midday trading on Friday. The company’s stock had a trading volume of 377,490 shares. Forestar Group Inc has a 52 week low of $10.60 and a 52 week high of $17.77. The stock has a market cap of $717.07 million, a PE ratio of 9.89 and a beta of 1.95. The company has a 50 day moving average price of $17.21 and a 200-day moving average price of $14.76.
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Several equities research analysts have recently commented on FOR shares. BidaskClub downgraded shares of Forestar Group from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. TheStreet downgraded shares of 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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