New York Life Investment Management LLC Has $740,000 Position in Forestar Group Inc. (NYSE:FOR)

New York Life Investment Management LLC trimmed its holdings in Forestar Group Inc. (NYSE:FOR) by 2.1% during the fourth quarter, Holdings Channel reports. The firm owned 22,367 shares of the oil and gas exploration company’s stock after selling 479 shares during the quarter. New York Life Investment Management LLC’s holdings in Forestar Group were worth $740,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Forestar Group by 3.4% during the 3rd quarter. Vanguard Group Inc. now owns 2,761,849 shares of the oil and gas exploration company’s stock worth $74,404,000 after buying an additional 90,291 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Forestar Group by 28.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 276,422 shares of the oil and gas exploration company’s stock worth $7,447,000 after purchasing an additional 61,404 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Forestar Group by 110.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 261,072 shares of the oil and gas exploration company’s stock worth $7,033,000 after purchasing an additional 137,270 shares in the last quarter. American Century Companies Inc. grew its position in Forestar Group by 6.4% in the 3rd quarter. American Century Companies Inc. now owns 251,728 shares of the oil and gas exploration company’s stock valued at $6,782,000 after purchasing an additional 15,137 shares during the period. Finally, Moody Aldrich Partners LLC increased its stake in Forestar Group by 41.4% during the 3rd quarter. Moody Aldrich Partners LLC now owns 216,913 shares of the oil and gas exploration company’s stock valued at $5,844,000 after purchasing an additional 63,458 shares in the last quarter. Institutional investors own 35.50% of the company’s stock.

Insider Buying and Selling

In other Forestar Group news, CEO Anthony W. Oxley bought 3,210 shares of Forestar Group stock in a transaction that occurred on Wednesday, April 24th. The stock was acquired at an average cost of $31.15 per share, for a total transaction of $99,991.50. Following the completion of the transaction, the chief executive officer now directly owns 3,210 shares in the company, valued at $99,991.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.49% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Forestar Group from a “buy” rating to a “hold” rating in a research report on Friday, April 26th.

Forestar Group Stock Performance

NYSE FOR opened at $33.80 on Thursday. The firm has a market cap of $1.71 billion, a P/E ratio of 8.41 and a beta of 1.75. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.48. The company’s 50 day moving average is $35.67 and its 200-day moving average is $32.87. Forestar Group Inc. has a 12-month low of $19.32 and a 12-month high of $40.92.

About Forestar Group

Forestar Group Inc operates as a residential lot development company in the United States. The company acquires land and develops infrastructure for single-family residential communities. It sells its residential single-family finished lots to local, regional, and national homebuilders. The company was incorporated in 2005 and is headquartered in Arlington, Texas.