Virtu KCG Holdings LLC boosted its holdings in shares of Fortress Investment Group LLC (NYSE:FIG) by 87.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 66,601 shares of the asset manager’s stock after buying an additional 31,008 shares during the period. Virtu KCG Holdings LLC’s holdings in Fortress Investment Group were worth $532,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. MML Investors Services LLC acquired a new position in Fortress Investment Group during the second quarter valued at $108,000. Two Sigma Securities LLC acquired a new position in Fortress Investment Group during the first quarter valued at $205,000. Lapides Asset Management LLC raised its position in Fortress Investment Group by 45.9% during the first quarter. Lapides Asset Management LLC now owns 27,000 shares of the asset manager’s stock valued at $215,000 after buying an additional 8,500 shares during the period. Stifel Financial Corp raised its position in Fortress Investment Group by 1.1% during the first quarter. Stifel Financial Corp now owns 35,071 shares of the asset manager’s stock valued at $279,000 after buying an additional 388 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in Fortress Investment Group during the first quarter valued at $343,000. 40.19% of the stock is currently owned by hedge funds and other institutional investors.

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Fortress Investment Group LLC (NYSE:FIG) opened at 8.00 on Tuesday. The firm has a 50-day moving average price of $7.97 and a 200 day moving average price of $7.99. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 20.25 and a beta of 1.92. Fortress Investment Group LLC has a 12 month low of $4.50 and a 12 month high of $8.05.

Fortress Investment Group (NYSE:FIG) last issued its quarterly earnings results on Thursday, August 3rd. The asset manager reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. The company had revenue of $246.99 million for the quarter. Fortress Investment Group had a return on equity of 38.79% and a net margin of 10.61%. On average, equities analysts forecast that Fortress Investment Group LLC will post $0.74 EPS for the current year.

Several research firms recently weighed in on FIG. Zacks Investment Research lowered Fortress Investment Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. BidaskClub raised Fortress Investment Group from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Fortress Investment Group presently has a consensus rating of “Hold” and an average target price of $6.00.

Fortress Investment Group Profile

Fortress Investment Group LLC (Fortress) is an investment management firm. The Company operates through segments, including private equity funds, permanent capital vehicles, credit hedge funds, credit PE funds, liquid hedge funds and Logan Circle. Its business is to sponsor the formation of, and provide investment management services for, various investment funds, permanent capital vehicles and related managed accounts (the Fortress Funds).

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Institutional Ownership by Quarter for Fortress Investment Group (NYSE:FIG)

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