241,832 Shares in Forestar Group Inc (FOR) Acquired by State of Wisconsin Investment Board
State of Wisconsin Investment Board purchased a new position in Forestar Group Inc (NYSE:FOR) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 241,832 shares of the oil and gas exploration company’s stock, valued at approximately $3,809,000. State of Wisconsin Investment Board owned approximately 0.58% of Forestar Group as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in FOR. CNH Partners LLC purchased a new stake in Forestar Group in the 2nd quarter worth $28,065,000. Renaissance Technologies LLC lifted its stake in Forestar Group by 262.8% in the 2nd quarter. Renaissance Technologies LLC now owns 2,087,503 shares of the oil and gas exploration company’s stock worth $35,801,000 after purchasing an additional 1,512,103 shares in the last quarter. Mason Capital Management LLC purchased a new stake in Forestar Group in the 2nd quarter worth $20,752,000. Kennedy Capital Management Inc. lifted its stake in Forestar Group by 108.0% in the 2nd quarter. Kennedy Capital Management Inc. now owns 1,059,625 shares of the oil and gas exploration company’s stock worth $18,173,000 after purchasing an additional 550,111 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Forestar Group in the 2nd quarter worth $8,267,000. Institutional investors and hedge funds own 79.45% of the company’s stock.
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Shares of Forestar Group Inc (NYSE:FOR) opened at $20.60 on Wednesday. The company has a market cap of $836.68, a price-to-earnings ratio of 17.20 and a beta of 1.85. Forestar Group Inc has a one year low of $12.30 and a one year high of $20.65. The company has a quick ratio of 26.13, a current ratio of 26.13 and a debt-to-equity ratio of 0.18.
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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