Fortress Investment Group (FIG) Earning Somewhat Positive Media Coverage, Study Finds
Headlines about Fortress Investment Group (NYSE:FIG) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Fortress Investment Group earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave media headlines about the asset manager an impact score of 46.3980086338859 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media headlines that may have effected Accern’s rankings:
- Goldman’s Blankfein keeps open mind on Bitcoin (foxbusiness.com)
- Fortress Investment Group LLC (FIG) noted a price change of 1.53% and Valley National Bancorp (VLY) closes with a … – Stocks Gallery (stocksgallery.com)
- Fortress Investment Group LLC breached its 50 day moving average in a Bullish Manner : FIG-US : September 25, 2017 (finance.yahoo.com)
- Mogo Secures New Credit Facility of up to $40 million from Fortress (finance.yahoo.com)
- Fortress Investment Group LLC :FIG-US: Earnings Analysis: Q2, 2017 By the Numbers : October 2, 2017 (finance.yahoo.com)
Shares of Fortress Investment Group (NYSE:FIG) opened at 8.01 on Thursday. The stock has a market cap of $1.76 billion, a P/E ratio of 20.28 and a beta of 1.92. The company has a 50 day moving average price of $7.97 and a 200 day moving average price of $7.99. Fortress Investment Group has a 1-year low of $4.50 and a 1-year high of $8.05.
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, beating analysts’ consensus estimates of $0.20 by $0.02. The company had revenue of $246.99 million during the quarter. Fortress Investment Group had a net margin of 10.61% and a return on equity of 38.79%. On average, equities analysts anticipate that Fortress Investment Group will post $0.74 EPS for the current year.
A number of research firms have weighed in on FIG. Zacks Investment Research downgraded Fortress Investment Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. BidaskClub upgraded Fortress Investment Group from a “sell” rating to a “hold” rating in a report on Friday, August 11th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The company presently has an average rating of “Hold” and an average price target of $6.00.
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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