Forestar Group Inc (FOR) Holdings Cut by Royal Bank of Canada

Royal Bank of Canada lessened its holdings in Forestar Group Inc (NYSE:FOR) by 10.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,287 shares of the oil and gas exploration company’s stock after selling 1,087 shares during the period. Royal Bank of Canada’s holdings in Forestar Group were worth $159,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Teachers Advisors LLC grew its holdings in shares of Forestar Group by 156.0% during the first quarter. Teachers Advisors LLC now owns 141,458 shares of the oil and gas exploration company’s stock worth $1,931,000 after purchasing an additional 86,198 shares during the last quarter. California Public Employees Retirement System grew its holdings in shares of Forestar Group by 10.5% during the first quarter. California Public Employees Retirement System now owns 51,600 shares of the oil and gas exploration company’s stock worth $704,000 after purchasing an additional 4,900 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Forestar Group by 23.3% during the first quarter. Legal & General Group Plc now owns 58,402 shares of the oil and gas exploration company’s stock worth $798,000 after purchasing an additional 11,052 shares during the last quarter. Thrivent Financial For Lutherans grew its holdings in shares of Forestar Group by 29.4% during the first quarter. Thrivent Financial For Lutherans now owns 18,520 shares of the oil and gas exploration company’s stock worth $253,000 after purchasing an additional 4,210 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Forestar Group by 15.3% during the first quarter. Vanguard Group Inc. now owns 3,135,757 shares of the oil and gas exploration company’s stock worth $42,804,000 after purchasing an additional 415,322 shares during the last quarter. Hedge funds and other institutional investors own 79.45% of the company’s stock.

Shares of Forestar Group Inc (NYSE FOR) opened at $20.40 on Friday. The firm has a market capitalization of $855.56, a PE ratio of 17.59 and a beta of 1.85. The company has a debt-to-equity ratio of 0.18, a quick ratio of 26.13 and a current ratio of 26.13. Forestar Group Inc has a twelve month low of $12.30 and a twelve month high of $20.80.

TRADEMARK VIOLATION WARNING: This report was originally posted by Transcript Daily and is the sole property of of Transcript Daily. If you are reading this report on another domain, it was illegally stolen and republished in violation of U.S. and international trademark & copyright legislation. The original version of this report can be accessed at https://transcriptdaily.com/2017/11/26/forestar-group-inc-for-holdings-cut-by-royal-bank-of-canada.html.

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.

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

Receive News & Ratings for Forestar Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Forestar Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply