Schf GPE LLC bought a new position in Forestar Group Inc (NYSE:FOR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 832,732 shares of the oil and gas exploration company’s stock, valued at approximately $18,320,000. Forestar Group makes up 14.2% of Schf GPE LLC’s holdings, making the stock its 4th largest position. Schf GPE LLC owned 1.99% of Forestar Group at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Old Mutual Global Investors UK Ltd. purchased a new stake in Forestar Group during the fourth quarter valued at approximately $111,000. KAMES CAPITAL plc purchased a new stake in Forestar Group during the fourth quarter valued at approximately $1,149,000. California Public Employees Retirement System raised its position in Forestar Group by 36.3% during the third quarter. California Public Employees Retirement System now owns 70,313 shares of the oil and gas exploration company’s stock valued at $1,143,000 after purchasing an additional 18,713 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in Forestar Group during the third quarter valued at approximately $341,000. Finally, Pentwater Capital Management LP purchased a new stake in Forestar Group during the third quarter valued at approximately $2,506,000. Institutional investors own 74.57% of the company’s stock.
Shares of Forestar Group Inc (FOR) opened at $24.50 on Wednesday. Forestar Group Inc has a 52-week low of $12.65 and a 52-week high of $26.39. The company has a debt-to-equity ratio of 0.18, a quick ratio of 26.13 and a current ratio of 26.13. The stock has a market capitalization of $1,021.21, a P/E ratio of 13.69 and a beta of 1.94.
Separately, ValuEngine downgraded Forestar Group from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.
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Forestar Group 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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