Fortress Investment Group LLC (NYSE:FIG) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

Separately, Zacks Investment Research lowered Fortress Investment Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Fortress Investment Group presently has a consensus rating of “Hold” and a consensus price target of $5.83.

Fortress Investment Group (FIG) traded down 0.50% during mid-day trading on Friday, reaching $7.96. The company’s stock had a trading volume of 3,449,676 shares. Fortress Investment Group has a 52 week low of $4.50 and a 52 week high of $8.05. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 20.15 and a beta of 1.95. The firm has a 50-day moving average of $8.01 and a 200-day moving average of $7.72.

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

COPYRIGHT VIOLATION WARNING: “Fortress Investment Group LLC (NYSE:FIG) Stock Rating Upgraded by BidaskClub” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this article on another website, it was illegally stolen and republished in violation of U.S. and international copyright law. The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/08/13/fortress-investment-group-llc-nysefig-stock-rating-upgraded-by-bidaskclub.html.

Several institutional investors have recently bought and sold shares of FIG. MML Investors Services LLC bought a new position in Fortress Investment Group during the second quarter valued at approximately $108,000. Virtu Financial LLC acquired a new position in shares of Fortress Investment Group during the first quarter valued at about $147,000. Two Sigma Securities LLC acquired a new position in shares of Fortress Investment Group during the first quarter valued at about $205,000. Lapides Asset Management LLC increased its position in shares of Fortress Investment Group by 45.9% in 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 in the last quarter. Finally, Stifel Financial Corp increased its position in shares of Fortress Investment Group by 1.1% in 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 in the last quarter. 43.45% of the stock is owned by institutional investors.

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).

Receive News & Stock Ratings for Fortress Investment Group LLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortress Investment Group LLC and related stocks with our FREE daily email newsletter.