Fortress Investment Group LLC (NYSE:FIG) was the target of some unusual options trading on Thursday. Stock investors acquired 1,254 put options on the company. This represents an increase of 1,448% compared to the average daily volume of 81 put options.

Several hedge funds and other institutional investors have recently modified their holdings of the company. California Public Employees Retirement System increased its holdings in shares of Fortress Investment Group by 7.3% in the 3rd quarter. California Public Employees Retirement System now owns 255,029 shares of the asset manager’s stock valued at $2,033,000 after acquiring an additional 17,429 shares during the last quarter. Westchester Capital Management LLC increased its holdings in shares of Fortress Investment Group by 19.8% in the 3rd quarter. Westchester Capital Management LLC now owns 7,770,719 shares of the asset manager’s stock valued at $61,933,000 after acquiring an additional 1,285,588 shares during the last quarter. Omni Partners LLP increased its holdings in shares of Fortress Investment Group by 21.9% in the 3rd quarter. Omni Partners LLP now owns 3,863,657 shares of the asset manager’s stock valued at $30,963,000 after acquiring an additional 693,879 shares during the last quarter. Mint Tower Capital Management B.V. bought a new stake in shares of Fortress Investment Group in the 3rd quarter valued at approximately $797,000. Finally, ING Groep NV bought a new stake in shares of Fortress Investment Group in the 3rd quarter valued at approximately $1,993,000. Institutional investors and hedge funds own 40.00% of the company’s stock.

Shares of Fortress Investment Group (NYSE FIG) opened at $7.87 on Friday. Fortress Investment Group has a twelve month low of $4.78 and a twelve month high of $8.05. The firm has a market capitalization of $3,060.00, a P/E ratio of 11.41 and a beta of 1.89.

Separately, Zacks Investment Research upgraded Fortress Investment Group from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd.

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Fortress Investment Group Company 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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