Forestar Group Inc (FOR) Shares Bought by Renaissance Technologies LLC
Renaissance Technologies LLC increased its holdings in Forestar Group Inc (NYSE:FOR) by 262.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,087,503 shares of the oil and gas exploration company’s stock after purchasing an additional 1,512,103 shares during the period. Renaissance Technologies LLC owned 4.98% of Forestar Group worth $35,801,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Teachers Advisors LLC increased its stake in Forestar Group by 3.9% in the 4th quarter. Teachers Advisors LLC now owns 55,260 shares of the oil and gas exploration company’s stock worth $735,000 after acquiring an additional 2,065 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in Forestar Group by 31.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 44,130 shares of the oil and gas exploration company’s stock worth $602,000 after acquiring an additional 10,447 shares during the last quarter. Comerica Bank increased its stake in Forestar Group by 27.8% in the 1st quarter. Comerica Bank now owns 36,523 shares of the oil and gas exploration company’s stock worth $519,000 after acquiring an additional 7,949 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Forestar Group by 1,200.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,583 shares of the oil and gas exploration company’s stock worth $104,000 after acquiring an additional 7,000 shares during the last quarter. Finally, Karp Capital Management Corp bought a new stake in Forestar Group in the 1st quarter worth approximately $413,000. 85.07% of the stock is currently owned by institutional investors.
Shares of Forestar Group Inc (NYSE FOR) opened at 16.35 on Thursday. The firm has a 50-day moving average price of $17.14 and a 200-day moving average price of $15.86. The company has a market cap of $685.62 million, a P/E ratio of 9.46 and a beta of 1.84. Forestar Group Inc has a 1-year low of $10.60 and a 1-year high of $17.77.
Separately, BidaskClub downgraded Forestar Group from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th.
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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