Forestar Group Inc. (NYSE:FOR) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in shares of Forestar Group Inc. (NYSE:FOR) by 27.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,366 shares of the oil and gas exploration company’s stock after selling 1,272 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Forestar Group were worth $111,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Federated Hermes Inc. grew its stake in Forestar Group by 1,601.6% during the 3rd quarter. Federated Hermes Inc. now owns 1,038 shares of the oil and gas exploration company’s stock valued at $28,000 after acquiring an additional 977 shares in the last quarter. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Forestar Group in the fourth quarter valued at approximately $35,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Forestar Group by 88.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,436 shares of the oil and gas exploration company’s stock valued at $147,000 after purchasing an additional 2,077 shares during the last quarter. SG Americas Securities LLC purchased a new position in Forestar Group during the third quarter worth approximately $223,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Forestar Group in the 3rd quarter valued at $257,000. Hedge funds and other institutional investors own 35.50% of the company’s stock.

Forestar Group Stock Performance

Shares of Forestar Group stock opened at $34.77 on Friday. The business’s fifty day simple moving average is $35.69 and its 200-day simple moving average is $32.88. 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 firm has a market cap of $1.76 billion, a PE ratio of 8.65 and a beta of 1.75. Forestar Group Inc. has a 52 week low of $19.32 and a 52 week high of $40.92.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, CEO Anthony W. Oxley purchased 3,210 shares of the stock in a transaction dated 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 approximately $99,991.50. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 0.49% of the stock is currently owned by insiders.

Forestar Group Profile

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.