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

New York Life Investment Management LLC trimmed its position in shares of Forestar Group Inc. (NYSE:FOR) by 2.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. SG Americas Securities LLC bought a new position in Forestar Group during the third quarter valued at about $223,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Forestar Group by 112.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,638 shares of the oil and gas exploration company’s stock valued at $125,000 after purchasing an additional 2,459 shares during the period. Panagora Asset Management Inc. lifted its stake in shares of Forestar Group by 106.4% in the third quarter. Panagora Asset Management Inc. now owns 73,806 shares of the oil and gas exploration company’s stock worth $1,988,000 after buying an additional 38,048 shares during the last quarter. Teacher Retirement System of Texas boosted its holdings in shares of Forestar Group by 460.4% during the 3rd quarter. Teacher Retirement System of Texas now owns 58,994 shares of the oil and gas exploration company’s stock worth $1,589,000 after buying an additional 48,466 shares during the period. Finally, Orion Portfolio Solutions LLC acquired a new position in Forestar Group in the 3rd quarter valued at $269,000. Institutional investors own 35.50% of the company’s stock.

Forestar Group Stock Performance

NYSE FOR opened at $33.80 on Thursday. The company’s fifty day moving average is $35.67 and its two-hundred day moving average is $32.87. Forestar Group Inc. has a 52-week low of $19.32 and a 52-week high of $40.92. 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 firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 8.41 and a beta of 1.75.

Analyst Ratings Changes

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

Insider Buying and Selling

In other news, CEO Anthony W. Oxley purchased 3,210 shares of the business’s stock in a transaction on Wednesday, April 24th. The stock was purchased at an average price of $31.15 per share, with a total value of $99,991.50. Following the acquisition, 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 document filed with the SEC, which is accessible through this link. 0.49% of the stock is owned by company insiders.

Forestar Group Company 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.