SG Americas Securities LLC raised its stake in shares of Forestar Group Inc (NYSE:FOR) by 48.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,717 shares of the oil and gas exploration company’s stock after buying an additional 25,187 shares during the period. SG Americas Securities LLC owned 0.18% of Forestar Group worth $1,316,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of FOR. Vanguard Group Inc. increased its stake in shares of Forestar Group by 15.3% in the first quarter. Vanguard Group Inc. now owns 3,135,757 shares of the oil and gas exploration company’s stock valued at $42,804,000 after buying an additional 415,322 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Forestar Group by 1.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,161,494 shares of the oil and gas exploration company’s stock valued at $29,504,000 after buying an additional 37,937 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Forestar Group by 41.8% in the first quarter. Renaissance Technologies LLC now owns 575,400 shares of the oil and gas exploration company’s stock valued at $7,854,000 after buying an additional 169,600 shares in the last quarter. Kennedy Capital Management Inc. increased its stake in shares of Forestar Group by 12.2% in the first quarter. Kennedy Capital Management Inc. now owns 509,514 shares of the oil and gas exploration company’s stock valued at $6,955,000 after buying an additional 55,550 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Forestar Group by 1.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 421,502 shares of the oil and gas exploration company’s stock valued at $5,754,000 after buying an additional 6,156 shares in the last quarter. 85.14% of the stock is currently owned by institutional investors.

Shares of Forestar Group Inc (NYSE:FOR) opened at 17.20 on Friday. Forestar Group Inc has a 12 month low of $10.60 and a 12 month high of $17.77. The stock has a 50 day moving average price of $17.16 and a 200 day moving average price of $15.17. The firm has a market capitalization of $721.26 million, a P/E ratio of 9.95 and a beta of 1.95.

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FOR has been the topic of several research analyst reports. TheStreet downgraded Forestar Group from a “b-” rating to a “c+” rating in a research report on Friday, May 26th. BidaskClub downgraded Forestar Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th.

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.

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

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