Fortress Investment Group LLC (NYSE:FIG) – Analysts at Jefferies Group dropped their Q3 2017 EPS estimates for Fortress Investment Group in a research report issued on Thursday. Jefferies Group analyst D. Fannon now expects that the asset manager will post earnings of $0.26 per share for the quarter, down from their previous forecast of $0.27. Jefferies Group also issued estimates for Fortress Investment Group’s Q4 2017 earnings at $0.27 EPS.

A number of other equities research analysts have also recently commented on the company. BidaskClub raised Fortress Investment Group from a “hold” rating to a “buy” rating in a research note on Friday, June 23rd. Zacks Investment Research cut Fortress Investment Group from a “hold” rating to a “sell” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The company presently has an average rating of “Hold” and an average target price of $5.83.

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Fortress Investment Group (NYSE:FIG) opened at 7.99 on Monday. Fortress Investment Group has a 52-week low of $4.50 and a 52-week high of $8.05. The stock’s 50 day moving average price is $8.01 and its 200 day moving average price is $7.62. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 20.65 and a beta of 1.95.

Fortress Investment Group (NYSE:FIG) last posted its earnings results on Thursday, August 3rd. The asset manager reported $0.22 earnings per share (EPS) for the quarter, topping 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%.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Stifel Financial Corp boosted 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 during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Fortress Investment Group by 1.9% in the first quarter. Ameriprise Financial Inc. now owns 76,872 shares of the asset manager’s stock valued at $611,000 after buying an additional 1,447 shares during the last quarter. Lapides Asset Management LLC boosted 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 during the last quarter. Steinberg Global Asset Management boosted its position in shares of Fortress Investment Group by 13.0% in the first quarter. Steinberg Global Asset Management now owns 114,669 shares of the asset manager’s stock valued at $912,000 after buying an additional 13,175 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Fortress Investment Group during the first quarter valued at about $147,000. 43.45% of the stock is currently 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).

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