Zurcher Kantonalbank Zurich Cantonalbank Cuts Stake in Forestar Group Inc. (NYSE:FOR)

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

Several other hedge funds and other institutional investors have also added to or reduced their stakes in FOR. Federated Hermes Inc. boosted its position in shares of Forestar Group by 1,601.6% during the third quarter. Federated Hermes Inc. now owns 1,038 shares of the oil and gas exploration company’s stock worth $28,000 after acquiring an additional 977 shares during the last quarter. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Forestar Group in the fourth quarter worth about $35,000. Allspring Global Investments Holdings LLC lifted its position 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 worth $147,000 after buying an additional 2,077 shares in the last quarter. SG Americas Securities LLC bought a new position in Forestar Group during the third quarter valued at approximately $223,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Forestar Group during the 3rd quarter valued at approximately $257,000. 35.50% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Anthony W. Oxley bought 3,210 shares of Forestar Group stock in a transaction dated Wednesday, April 24th. The shares were acquired at an average price of $31.15 per share, with a total value of $99,991.50. Following the completion of the purchase, the chief executive officer now owns 3,210 shares in the company, valued at approximately $99,991.50. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.49% of the stock is owned by corporate insiders.

Forestar Group Trading Up 2.9 %

Shares of FOR stock opened at $34.77 on Friday. The company has a market cap of $1.76 billion, a PE ratio of 8.65 and a beta of 1.75. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.85 and a quick ratio of 1.85. The stock’s 50 day simple moving average is $35.69 and its two-hundred day simple moving average is $32.88. Forestar Group Inc. has a 1 year low of $19.32 and a 1 year high of $40.92.

Analyst Ratings Changes

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

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.