Forestar Group Inc (NYSE:FOR)’s share price reached a new 52-week high on Wednesday . The company traded as high as $23.70 and last traded at $23.80, with a volume of 70197 shares traded. The stock had previously closed at $22.35.

Separately, ValuEngine lowered Forestar Group from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.

The firm has a market capitalization of $928.95, a P/E ratio of 19.09 and a beta of 1.94. 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 and other institutional investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP acquired a new position in shares of Forestar Group in the 2nd quarter valued at $149,000. Stifel Financial Corp lifted its stake in shares of 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. GSA Capital Partners LLP acquired a new position in shares of Forestar Group in the 2nd quarter valued at $245,000. Municipal Employees Retirement System of Michigan lifted its stake in shares of Forestar Group by 102.8% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 15,780 shares of the oil and gas exploration company’s stock valued at $256,000 after purchasing an additional 8,000 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Forestar Group in the 3rd quarter valued at $341,000. 78.21% of the stock is currently owned by 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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