Forestar Group Inc (FOR) Sets New 52-Week High at $18.63
Forestar Group Inc (NYSE:FOR)’s share price reached a new 52-week high on Thursday . The stock traded as high as $18.63 and last traded at $18.40, with a volume of 643800 shares trading hands. The stock had previously closed at $18.30.
Separately, BidaskClub lowered Forestar Group from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th.
The company has a market cap of $771.68 and a price-to-earnings ratio of 15.78. The company has a current ratio of 26.13, a quick ratio of 26.13 and a debt-to-equity ratio of 0.18.
Several large investors have recently made changes to their positions in FOR. CNH Partners LLC purchased a new stake in shares of Forestar Group during the 2nd quarter valued at about $28,065,000. Renaissance Technologies LLC raised its holdings in shares of Forestar Group by 262.8% during the 2nd quarter. Renaissance Technologies LLC now owns 2,087,503 shares of the oil and gas exploration company’s stock valued at $35,801,000 after buying an additional 1,512,103 shares during the period. Long Pond Capital LP raised its holdings in shares of Forestar Group by 221.1% during the 3rd quarter. Long Pond Capital LP now owns 2,129,736 shares of the oil and gas exploration company’s stock valued at $33,347,000 after buying an additional 1,466,520 shares during the period. Mason Capital Management LLC purchased a new stake in shares of Forestar Group during the 2nd quarter valued at about $20,752,000. Finally, Kennedy Capital Management Inc. raised its holdings in shares of Forestar Group by 108.0% during the 2nd quarter. Kennedy Capital Management Inc. now owns 1,059,625 shares of the oil and gas exploration company’s stock valued at $18,173,000 after buying an additional 550,111 shares during the period. Institutional investors and hedge funds own 86.43% of the company’s stock.
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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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