Fortress Investment Group (FIG) Scheduled to Post Quarterly Earnings on Thursday
Fortress Investment Group (NYSE:FIG) is scheduled to announce its Q413 earnings results on Thursday, February 27th. Analysts expect the company to announce earnings of $0.20 per share and revenue of $256.13 million for the quarter.
Shares of Fortress Investment Group (NYSE:FIG) opened at 8.49 on Wednesday. Fortress Investment Group has a one year low of $5.61 and a one year high of $9.16. The stock has a 50-day moving average of $8.48 and a 200-day moving average of $8.11. The company has a market cap of $2.034 billion and a price-to-earnings ratio of 13.79.
On a related note, analysts at Zacks upgraded shares of Fortress Investment Group from a “neutral” rating to an “outperform” rating in a research note on Friday, January 17th. They now have a $9.80 price target on the stock. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $9.07.
In other Fortress Investment Group news, major shareholder Nomura Investment Managers U.S unloaded 60,568,275 shares of Fortress Investment Group stock on the open market in a transaction dated Thursday, February 13th. The stock was sold at an average price of $6.00, for a total transaction of $363,409,650.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Fortress Investment Group LLC (NYSE:FIG) is a global investment manager with approximately $41.
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