Norges Bank Invests $302,000 in Forestar Group Inc. (FOR)

Norges Bank purchased a new position in shares of Forestar Group Inc. (NYSE:FOR) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 21,804 shares of the oil and gas exploration company’s stock, valued at approximately $302,000.

A number of other institutional investors also recently added to or reduced their stakes in FOR. Vanguard Group Inc grew its holdings in Forestar Group by 5.4% in the third quarter. Vanguard Group Inc now owns 1,968,102 shares of the oil and gas exploration company’s stock valued at $41,723,000 after purchasing an additional 100,434 shares during the period. Vanguard Group Inc. grew its holdings in Forestar Group by 5.4% in the third quarter. Vanguard Group Inc. now owns 1,968,102 shares of the oil and gas exploration company’s stock valued at $41,723,000 after purchasing an additional 100,434 shares during the period. Dimension Capital Management LLC grew its holdings in Forestar Group by 58.6% in the fourth quarter. Dimension Capital Management LLC now owns 157,617 shares of the oil and gas exploration company’s stock valued at $2,183,000 after purchasing an additional 58,208 shares during the period. GSA Capital Partners LLP grew its holdings in Forestar Group by 165.2% in the fourth quarter. GSA Capital Partners LLP now owns 42,541 shares of the oil and gas exploration company’s stock valued at $589,000 after purchasing an additional 26,500 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new stake in Forestar Group in the fourth quarter valued at approximately $295,000. Hedge funds and other institutional investors own 21.42% of the company’s stock.

FOR has been the subject of a number of recent analyst reports. Bank of America initiated coverage on shares of Forestar Group in a report on Thursday, January 10th. They issued a “buy” rating and a $19.00 target price for the company. BTIG Research initiated coverage on shares of Forestar Group in a report on Monday, April 15th. They issued a “buy” rating and a $23.00 target price for the company. Finally, ValuEngine upgraded shares of Forestar Group from a “sell” rating to a “hold” rating in a report on Friday, January 11th.

Forestar Group stock opened at $19.74 on Wednesday. Forestar Group Inc. has a 1 year low of $12.77 and a 1 year high of $25.95. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.23 and a quick ratio of 1.23.

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About Forestar Group

Forestar Group Inc operates as a real estate lot development company. It engages in the acquisition, entitlement, and development of infrastructure for single-family residential communities. Forestar Group Inc sells residential lots primarily to homebuilders, as well as sells commercial properties. The company is headquartered in Austin, Texas.

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

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