Two Sigma Investments LP Grows Holdings in Forestar Group Inc (FOR)

Two Sigma Investments LP boosted its holdings in shares of Forestar Group Inc (NYSE:FOR) by 131.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 222,641 shares of the oil and gas exploration company’s stock after buying an additional 126,645 shares during the period. Two Sigma Investments LP owned approximately 0.53% of Forestar Group worth $4,898,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FOR. Old Mutual Global Investors UK Ltd. bought a new stake in shares of Forestar Group in the 4th quarter worth $111,000. Municipal Employees Retirement System of Michigan grew its stake in shares of Forestar Group by 102.8% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 15,780 shares of the oil and gas exploration company’s stock worth $256,000 after acquiring an additional 8,000 shares in the last quarter. Jefferies Group LLC grew its stake in shares of Forestar Group by 34.1% in the 4th quarter. Jefferies Group LLC now owns 14,900 shares of the oil and gas exploration company’s stock worth $328,000 after acquiring an additional 3,793 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Forestar Group in the 3rd quarter worth $341,000. Finally, Jane Street Group LLC bought a new stake in shares of Forestar Group in the 3rd quarter worth $432,000. Hedge funds and other institutional investors own 23.26% of the company’s stock.

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In other news, insider Donald J. Tomnitz bought 4,000 shares of Forestar Group stock in a transaction dated Tuesday, March 6th. The stock was purchased at an average price of $24.17 per share, for a total transaction of $96,680.00. Following the purchase, the insider now directly owns 2,000 shares in the company, valued at approximately $48,340. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 3.10% of the company’s stock.

Shares of FOR stock opened at $21.50 on Friday. Forestar Group Inc has a one year low of $12.75 and a one year high of $26.39. The company has a quick ratio of 17.88, a current ratio of 17.88 and a debt-to-equity ratio of 0.18. The stock has a market cap of $916.37, a price-to-earnings ratio of 12.01 and a beta of 1.84.

Separately, ValuEngine lowered shares of Forestar Group from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.

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

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