Forestar Group Inc (NYSE:FOR) was the recipient of a significant increase in short interest in October. As of October 13th, there was short interest totalling 2,444,950 shares, an increase of 66.1% from the September 29th total of 1,471,592 shares. Based on an average daily trading volume, of 1,441,517 shares, the short-interest ratio is currently 1.7 days.

Forestar Group (NYSE FOR) opened at 17.80 on Tuesday. Forestar Group has a 52 week low of $15.61 and a 52 week high of $18.45. The company has a market cap of $746.43 million, a P/E ratio of 10.29 and a beta of 1.84. The stock has a 50 day moving average of $17.33 and a 200 day moving average of $16.38.

Separately, BidaskClub downgraded shares of Forestar Group from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th.

Several institutional investors have recently modified their holdings of FOR. Ameriprise Financial Inc. grew its position in shares of Forestar Group by 29.3% in the 1st quarter. Ameriprise Financial Inc. now owns 175,326 shares of the oil and gas exploration company’s stock worth $2,393,000 after buying an additional 39,696 shares during the last quarter. Parametric Portfolio Associates LLC grew its position in shares of Forestar Group by 1.5% in the 1st quarter. Parametric Portfolio Associates LLC now owns 125,762 shares of the oil and gas exploration company’s stock worth $1,717,000 after buying an additional 1,835 shares during the last quarter. Prudential Financial Inc. grew its position in shares of Forestar Group by 102.9% in the 1st quarter. Prudential Financial Inc. now owns 91,999 shares of the oil and gas exploration company’s stock worth $1,256,000 after buying an additional 46,660 shares during the last quarter. Arizona State Retirement System grew its position in shares of Forestar Group by 25.6% in the 1st quarter. Arizona State Retirement System now owns 17,186 shares of the oil and gas exploration company’s stock worth $235,000 after buying an additional 3,500 shares during the last quarter. Finally, OppenheimerFunds Inc. grew its position in shares of Forestar Group by 2.6% in the 1st quarter. OppenheimerFunds Inc. now owns 12,179 shares of the oil and gas exploration company’s stock worth $166,000 after buying an additional 310 shares during the last quarter. 85.21% of the stock is currently owned by hedge funds and other institutional investors.

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Forestar Group Company Profile

Forestar Group Inc is a residential and mixed-use real estate development company. The Company operates through three segments. The Real Estate segment secures entitlements and develops infrastructure on its lands, for single-family residential and mixed-use communities. The Mineral resources segment is focused on its owned oil and gas mineral interests through promoting exploration, development and production activities.

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