Forestar Group Inc (FOR) Shares Bought by Schwab Charles Investment Management Inc.
Schwab Charles Investment Management Inc. increased its holdings in Forestar Group Inc (NYSE:FOR) by 16.4% during the third quarter, HoldingsChannel reports. The firm owned 167,089 shares of the oil and gas exploration company’s stock after acquiring an additional 23,573 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Forestar Group were worth $2,874,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of FOR. Quantbot Technologies LP purchased a new position in Forestar Group in the 2nd quarter worth approximately $149,000. Stifel Financial Corp lifted 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 worth $182,000 after purchasing an additional 183 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Forestar Group in the 2nd quarter worth approximately $245,000. Municipal Employees Retirement System of Michigan lifted its holdings in Forestar Group by 102.8% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 15,780 shares of the oil and gas exploration company’s stock worth $256,000 after purchasing an additional 8,000 shares in the last quarter. Finally, Thrivent Financial For Lutherans lifted its holdings in Forestar Group by 8.0% in the 2nd quarter. Thrivent Financial For Lutherans now owns 20,000 shares of the oil and gas exploration company’s stock worth $343,000 after purchasing an additional 1,480 shares in the last quarter. 79.72% of the stock is currently owned by institutional investors.
Separately, ValuEngine cut Forestar Group from a “buy” rating to a “hold” rating in a 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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