Los Angeles Capital Management & Equity Research Inc. cut its stake in shares of Forestar Group Inc (NYSE:FOR) by 1.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,352 shares of the oil and gas exploration company’s stock after selling 790 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.12% of Forestar Group worth $881,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Forestar Group by 1,200.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,583 shares of the oil and gas exploration company’s stock worth $104,000 after purchasing an additional 7,000 shares during the period. Mason Street Advisors LLC raised its position in shares of Forestar Group by 32.7% during the first quarter. Mason Street Advisors LLC now owns 7,702 shares of the oil and gas exploration company’s stock worth $105,000 after purchasing an additional 1,900 shares during the period. State of Alaska Department of Revenue raised its position in shares of Forestar Group by 79.8% during the second 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 purchasing an additional 2,903 shares during the period. Municipal Employees Retirement System of Michigan raised 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 worth $133,000 after purchasing an additional 1,670 shares during the period. Finally, OppenheimerFunds Inc. raised its position in shares of Forestar Group by 2.6% during the first quarter. OppenheimerFunds Inc. now owns 12,179 shares of the oil and gas exploration company’s stock worth $166,000 after purchasing an additional 310 shares during the period. 85.07% of the stock is currently owned by institutional investors.

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A number of equities research analysts have recently issued reports on the company. BidaskClub lowered Forestar Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. TheStreet lowered Forestar Group from a “b-” rating to a “c+” rating in a research report on Friday, May 26th.

Forestar Group Inc (NYSE:FOR) opened at 17.10 on Thursday. The firm has a market capitalization of $717.07 million, a price-to-earnings ratio of 9.89 and a beta of 1.89. Forestar Group Inc has a 52-week low of $10.60 and a 52-week high of $17.77. The company’s 50-day moving average price is $17.18 and its 200 day moving average price is $15.56.

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.

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

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