Cornerstone Capital Management Holdings LLC. grew its holdings in shares of Forestar Group Inc (NYSE:FOR) by 157.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 118,400 shares of the oil and gas exploration company’s stock after acquiring an additional 72,430 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned 0.28% of Forestar Group worth $2,030,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of FOR. Mason Street Advisors LLC increased its stake in shares of Forestar Group by 32.7% in the first quarter. Mason Street Advisors LLC now owns 7,702 shares of the oil and gas exploration company’s stock valued at $105,000 after buying an additional 1,900 shares during the period. State of Alaska Department of Revenue increased its stake in shares of Forestar Group by 79.8% in the second quarter. State of Alaska Department of Revenue now owns 6,543 shares of the oil and gas exploration company’s stock valued at $112,000 after buying an additional 2,903 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in shares of Forestar Group by 27.3% in the second quarter. Municipal Employees Retirement System of Michigan now owns 7,780 shares of the oil and gas exploration company’s stock valued at $133,000 after buying an additional 1,670 shares during the period. FNY Partners Fund LP acquired a new position in shares of Forestar Group in the second quarter valued at approximately $136,000. Finally, Quantbot Technologies LP acquired a new position in shares of Forestar Group in the second quarter valued at approximately $149,000. 85.07% of the stock is owned by hedge funds and other institutional investors.

Forestar Group Inc (NYSE:FOR) opened at 18.30 on Friday. The firm has a market cap of $767.39 million, a P/E ratio of 10.58 and a beta of 1.84. Forestar Group Inc has a 1-year low of $15.61 and a 1-year high of $18.35. The stock has a 50 day moving average price of $17.21 and a 200 day moving average price of $16.16.

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Separately, BidaskClub downgraded Forestar Group from a “hold” rating to a “sell” rating in a research note 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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