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.

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