Legal & General Group Plc Increases Position in Forestar Group Inc (NYSE:FOR)

Legal & General Group Plc raised its stake in Forestar Group Inc (NYSE:FOR) by 23.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,402 shares of the oil and gas exploration company’s stock after buying an additional 11,052 shares during the period. Legal & General Group Plc owned about 0.14% of Forestar Group worth $798,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. PNC Financial Services Group Inc. raised its position in Forestar Group by 11.2% in the first quarter. PNC Financial Services Group Inc. now owns 210,822 shares of the oil and gas exploration company’s stock valued at $2,878,000 after buying an additional 21,295 shares in the last quarter. California Public Employees Retirement System raised its position in Forestar Group by 10.5% in the first quarter. California Public Employees Retirement System now owns 51,600 shares of the oil and gas exploration company’s stock valued at $704,000 after buying an additional 4,900 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in Forestar Group by 171.8% in the first quarter. TIAA CREF Investment Management LLC now owns 273,370 shares of the oil and gas exploration company’s stock valued at $3,732,000 after buying an additional 172,808 shares in the last quarter. Teachers Advisors LLC raised its position in Forestar Group by 156.0% in the first quarter. Teachers Advisors LLC now owns 141,458 shares of the oil and gas exploration company’s stock valued at $1,931,000 after buying an additional 86,198 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in Forestar Group by 29.6% in the first quarter. Principal Financial Group Inc. now owns 252,287 shares of the oil and gas exploration company’s stock valued at $3,444,000 after buying an additional 57,555 shares in the last quarter. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Shares of Forestar Group Inc (NYSE FOR) opened at 17.10 on Friday. The stock has a 50 day moving average price of $17.17 and a 200-day moving average price of $14.90. Forestar Group Inc has a one year low of $10.60 and a one year high of $17.77. The company has a market capitalization of $717.07 million, a price-to-earnings ratio of 9.89 and a beta of 1.95.

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Several research firms have weighed in on FOR. BidaskClub lowered Forestar Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. TheStreet lowered Forestar Group from a “b-” rating to a “c+” rating in a report on Friday, May 26th.

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.

Institutional Ownership by Quarter for Forestar Group (NYSE:FOR)

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