Forestar Group Inc (NYSE:FOR) saw unusually-strong trading volume on Friday . Approximately 279,078 shares traded hands during trading, a decline of 61% from the previous session’s volume of 718,792 shares.The stock last traded at $15.98 and had previously closed at $16.30.

Separately, BidaskClub lowered Forestar Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th.

The stock has a 50-day moving average price of $17.11 and a 200 day moving average price of $15.86. The stock has a market capitalization of $685.62 million, a P/E ratio of 9.46 and a beta of 1.84.

Several institutional investors have recently modified their holdings of FOR. Teachers Advisors LLC increased its stake in shares of Forestar Group by 3.9% during the fourth 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 period. Great West Life Assurance Co. Can grew its position in shares of Forestar Group by 31.0% in the first quarter. Great West Life Assurance Co. Can now owns 44,130 shares of the oil and gas exploration company’s stock valued at $602,000 after purchasing an additional 10,447 shares during the last quarter. Comerica Bank grew its position in shares of Forestar Group by 27.8% in the first quarter. Comerica Bank now owns 36,523 shares of the oil and gas exploration company’s stock valued at $519,000 after purchasing an additional 7,949 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Forestar Group by 1,200.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,583 shares of the oil and gas exploration company’s stock valued at $104,000 after purchasing an additional 7,000 shares during the last quarter. Finally, Karp Capital Management Corp acquired a new stake in shares of Forestar Group in the first quarter valued at approximately $413,000. Institutional investors and hedge funds own 85.07% of the company’s stock.

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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.

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