Fortress Investment Group LLC (FIG) Stock Price Up 3%
Fortress Investment Group LLC (NYSE:FIG) shares rose 3% on Friday . The company traded as high as $4.87 and last traded at $4.86, with a volume of 724,428 shares. The stock had previously closed at $4.72.
FIG has been the topic of a number of recent analyst reports. Jefferies Group dropped their price objective on Fortress Investment Group to $5.00 and set a “hold” rating on the stock in a report on Tuesday, April 12th. Royal Bank Of Canada lowered their target price on Fortress Investment Group from $10.00 to $9.00 and set an “outperform” rating on the stock in a report on Monday, April 18th. Zacks Investment Research lowered Fortress Investment Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th. Finally, Keefe, Bruyette & Woods lowered Fortress Investment Group from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $6.50 to $5.50 in a report on Monday, July 11th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $6.64.
The stock’s 50 day moving average is $4.61 and its 200 day moving average is $4.67. The company has a market cap of $1.05 billion and a price-to-earnings ratio of 31.56.
Fortress Investment Group (NYSE:FIG) last announced its quarterly earnings results on Thursday, May 5th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by $0.10. During the same quarter last year, the business posted $0.15 earnings per share. The company earned $231.60 million during the quarter, compared to analyst estimates of $205.14 million. The company’s revenue was up 2.2% on a year-over-year basis. Analysts anticipate that Fortress Investment Group LLC will post $0.69 EPS for the current fiscal year.
A hedge fund recently bought a new stake in Fortress Investment Group stock. Marshall Wace LLP purchased a new stake in Fortress Investment Group LLC (NYSE:FIG) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 449,974 shares of the company’s stock, valued at approximately $2,290,000. Marshall Wace LLP owned 0.21% of Fortress Investment Group at the end of the most recent reporting period.
Fortress Investment Group LLC (Fortress) is an investment management firm with approximately $70.5 billion in assets under management (AUM). The Company operates through segments, including private equity funds, permanent capital vehicles, credit hedge funds, credit PE funds, liquid hedge funds and Logan Circle.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.