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.
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