Fortress Investment Group LLC (NYSE:FIG) – Stock analysts at Jefferies Group issued their Q1 2017 EPS estimates for shares of Fortress Investment Group in a report issued on Tuesday. Jefferies Group analyst D. Fannon anticipates that the firm will post earnings per share of $0.26 for the quarter. Jefferies Group also issued estimates for Fortress Investment Group’s Q2 2017 earnings at $0.27 EPS, Q3 2017 earnings at $0.28 EPS and Q4 2017 earnings at $0.28 EPS.

FIG has been the subject of several other reports. Zacks Investment Research downgraded shares of Fortress Investment Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 5th. Keefe, Bruyette & Woods cut shares of Fortress Investment Group from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $6.50 to $5.50 in a report on Monday, July 11th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $6.64.

Earnings History and Estimates for Fortress Investment Group (NYSE:FIG)

Fortress Investment Group (NYSE:FIG) traded up 3.799% on Wednesday, hitting $5.055. 617,452 shares of the company’s stock traded hands. The stock has a market cap of $1.09 billion, a PE ratio of 71.197 and a beta of 1.89. Fortress Investment Group has a one year low of $3.87 and a one year high of $6.29. The stock has a 50-day moving average of $5.02 and a 200-day moving average of $4.89.

Fortress Investment Group (NYSE:FIG) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.18 by $0.08. The company had revenue of $232 million for the quarter, compared to the consensus estimate of $235.83 million. During the same period last year, the company earned $0.30 EPS. The firm’s revenue for the quarter was down 24.6% on a year-over-year basis.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its position in Fortress Investment Group by 110.8% in the first quarter. Wellington Management Group LLP now owns 26,763,365 shares of the company’s stock worth $127,929,000 after buying an additional 14,064,389 shares during the last quarter. Coronation Fund Managers Ltd. purchased a new position in Fortress Investment Group during the second quarter worth $32,561,000. UBS Group AG boosted its position in Fortress Investment Group by 32.5% in the first quarter. UBS Group AG now owns 6,319,252 shares of the company’s stock worth $30,206,000 after buying an additional 1,548,635 shares during the last quarter. Artemis Investment Management LLP boosted its position in Fortress Investment Group by 367.4% in the second quarter. Artemis Investment Management LLP now owns 2,400,000 shares of the company’s stock worth $10,620,000 after buying an additional 1,886,500 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in Fortress Investment Group by 1.6% in the second quarter. BNP Paribas Arbitrage SA now owns 1,390,200 shares of the company’s stock worth $6,145,000 after buying an additional 22,540 shares during the last quarter.

About Fortress Investment Group

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.

5 Day Chart for NYSE:FIG

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