Forestar Group (FOR) Stock Rating Lowered by ValuEngine

ValuEngine lowered shares of Forestar Group (NYSE:FOR) from a buy rating to a hold rating in a research note published on Friday morning.

Shares of Forestar Group (FOR) opened at $21.60 on Friday. The company has a quick ratio of 26.13, a current ratio of 26.13 and a debt-to-equity ratio of 0.18. The stock has a market cap of $937.34, a PE ratio of 19.27 and a beta of 1.93. Forestar Group has a twelve month low of $12.30 and a twelve month high of $22.70.

Hedge funds and other institutional investors have recently bought and sold shares of the business. State of Alaska Department of Revenue boosted its holdings in Forestar Group by 79.8% in the 2nd 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 purchasing an additional 2,903 shares during the period. Municipal Employees Retirement System of Michigan boosted its holdings in Forestar Group by 27.3% in the 2nd 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 purchasing an additional 1,670 shares during the period. FNY Partners Fund LP bought a new stake in Forestar Group in the 2nd quarter valued at about $136,000. Quantbot Technologies LP bought a new stake in Forestar Group in the 2nd quarter valued at about $149,000. Finally, Stifel Financial Corp boosted its holdings 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 period. 80.17% of the stock is owned by hedge funds and other institutional investors.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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