Forestar Group (NYSE:FOR) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

Forestar Group (NYSE FOR) opened at $22.35 on Friday. Forestar Group has a one year low of $12.30 and a one year high of $22.45. The firm has a market cap of $912.17 and a PE ratio of 18.75. The company has a quick ratio of 26.13, a current ratio of 26.13 and a debt-to-equity ratio of 0.18.

A number of hedge funds have recently made changes to their positions in the stock. Arizona State Retirement System raised its stake in Forestar Group by 0.6% in the 2nd quarter. Arizona State Retirement System now owns 17,286 shares of the oil and gas exploration company’s stock valued at $296,000 after purchasing an additional 100 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in Forestar Group by 0.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 13,500 shares of the oil and gas exploration company’s stock valued at $232,000 after purchasing an additional 100 shares during the last quarter. Stifel Financial Corp raised its stake in Forestar Group by 1.8% in the 2nd quarter. Stifel Financial Corp now owns 10,632 shares of the oil and gas exploration company’s stock valued at $182,000 after purchasing an additional 183 shares during the last quarter. Texas Permanent School Fund raised its stake in Forestar Group by 1.4% in the 2nd quarter. Texas Permanent School Fund now owns 24,187 shares of the oil and gas exploration company’s stock valued at $415,000 after purchasing an additional 339 shares during the last quarter. Finally, AGF Investments America Inc. raised its stake in Forestar Group by 3.6% in the 2nd quarter. AGF Investments America Inc. now owns 31,081 shares of the oil and gas exploration company’s stock valued at $533,000 after purchasing an additional 1,086 shares during the last quarter. 80.21% of the stock is owned by hedge funds and other institutional investors.

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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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