Renaissance Technologies LLC Acquires 169,600 Shares of Forestar Group Inc (FOR)

Renaissance Technologies LLC raised its stake in shares of Forestar Group Inc (NYSE:FOR) by 41.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 575,400 shares of the oil and gas exploration company’s stock after buying an additional 169,600 shares during the period. Renaissance Technologies LLC owned about 1.38% of Forestar Group worth $7,854,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its stake 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 buying an additional 7,000 shares in the last quarter. Mason Street Advisors LLC boosted its position 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 last quarter. OppenheimerFunds Inc. boosted its position in shares of Forestar Group by 2.6% in the first quarter. OppenheimerFunds Inc. now owns 12,179 shares of the oil and gas exploration company’s stock valued at $166,000 after buying an additional 310 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Forestar Group by 25.2% in the first quarter. Louisiana State Employees Retirement System now owns 13,400 shares of the oil and gas exploration company’s stock valued at $183,000 after buying an additional 2,700 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in shares of Forestar Group by 5.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 14,310 shares of the oil and gas exploration company’s stock worth $190,000 after buying an additional 770 shares in the last quarter. Institutional investors own 84.20% of the company’s stock.

Shares of Forestar Group Inc (NYSE FOR) opened at 17.10 on Friday. The company’s 50-day moving average is $17.21 and its 200-day moving average is $14.76. Forestar Group Inc has a one year low of $10.60 and a one year high of $17.77. The company has a market capitalization of $717.07 million, a PE ratio of 9.89 and a beta of 1.95.

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Several equities research analysts have commented on FOR shares. BidaskClub lowered shares of Forestar Group from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. TheStreet lowered shares of Forestar Group from a “b-” rating to a “c+” rating in a research note on Friday, May 26th.

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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