OMERS ADMINISTRATION Corp acquired a new stake in Forestar Group Inc (NYSE:FOR) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 356,900 shares of the oil and gas exploration company’s stock, valued at approximately $6,121,000. OMERS ADMINISTRATION Corp owned approximately 0.85% of Forestar Group at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position 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 buying an additional 7,000 shares in the last quarter. Mason Street Advisors LLC increased its position 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 buying an additional 1,900 shares in the last quarter. State of Alaska Department of Revenue increased its position 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 buying an additional 2,903 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its position 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 buying an additional 1,670 shares in the last quarter. Finally, OppenheimerFunds Inc. increased its position 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 buying an additional 310 shares in the last quarter. Hedge funds and other institutional investors own 85.14% of the company’s stock.

Forestar Group Inc (NYSE FOR) opened at 17.05 on Tuesday. The stock has a 50 day moving average price of $17.17 and a 200 day moving average price of $15.05. Forestar Group Inc has a 12-month low of $10.60 and a 12-month high of $17.77. The stock has a market cap of $714.97 million, a P/E ratio of 9.86 and a beta of 1.95.

ILLEGAL ACTIVITY WARNING: “OMERS ADMINISTRATION Corp Takes Position in Forestar Group Inc (FOR)” was posted by Daily Political and is the sole property of of Daily Political. If you are accessing this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be accessed at https://www.dailypolitical.com/2017/08/29/omers-administration-corp-takes-position-in-forestar-group-inc-for.html.

Several research analysts have recently commented on FOR shares. TheStreet downgraded Forestar Group from a “b-” rating to a “c+” rating in a report on Friday, May 26th. BidaskClub downgraded Forestar Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th.

About Forestar Group

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.

Want to see what other hedge funds are holding FOR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Forestar Group Inc (NYSE:FOR).

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

Receive News & Ratings for Forestar Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Forestar Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.