Fortress Investment Group LLC (NYSE:FIG) – Stock analysts at Oppenheimer Holdings raised their Q4 2016 EPS estimates for shares of Fortress Investment Group in a report issued on Wednesday. Oppenheimer Holdings analyst C. Kotowski now anticipates that the firm will post earnings per share of $0.26 for the quarter, up from their previous estimate of $0.25.

A number of other research analysts also recently commented on the stock. Keefe, Bruyette & Woods downgraded shares of Fortress Investment Group from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $6.50 to $5.50 in a report on Monday, July 11th. Zacks Investment Research downgraded shares of Fortress Investment Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. Fortress Investment Group has an average rating of “Hold” and a consensus price target of $6.71.

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

Shares of Fortress Investment Group (NYSE:FIG) opened at 5.08 on Monday. The company has a market capitalization of $1.10 billion, a PE ratio of 71.55 and a beta of 1.89. Fortress Investment Group has a 12 month low of $3.87 and a 12 month high of $6.29. The stock has a 50 day moving average price of $5.02 and a 200-day moving average price of $4.89.

Fortress Investment Group (NYSE:FIG) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.08. The company earned $232 million during the quarter, compared to the consensus estimate of $235.83 million. During the same period in the prior year, the firm earned $0.30 earnings per share. The business’s revenue for the quarter was down 24.6% compared to the same quarter last year.

Hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP raised its position in shares of 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 period. Coronation Fund Managers Ltd. bought a new position in shares of Fortress Investment Group during the second quarter worth approximately $32,561,000. UBS Group AG raised its position in shares of 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 period. Artemis Investment Management LLP raised its position in shares of 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 period. Finally, BNP Paribas Arbitrage SA raised its position in shares of 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 period.

Fortress Investment Group Company Profile

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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