Shares of Fortress Investment Group LLC (NYSE:FIG) have earned an average recommendation of “Hold” from the six research firms that are covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $6.00.

Separately, BidaskClub cut shares of Fortress Investment Group from a “buy” rating to a “hold” rating in a research note on Sunday.

Several hedge funds have recently made changes to their positions in the stock. Stifel Financial Corp increased its stake 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 worth $279,000 after buying an additional 388 shares during the last quarter. Ameriprise Financial Inc. increased 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 in the last quarter. 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. Steinberg Global Asset Management increased 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 in the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of Fortress Investment Group during the first quarter valued at $147,000. 43.77% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Fortress Investment Group (NYSE FIG) remained flat at $8.02 on Tuesday. The company had a trading volume of 191,412 shares. The stock has a 50 day moving average price of $7.99 and a 200 day moving average price of $7.14. The firm has a market capitalization of $1.75 billion, a PE ratio of 20.72 and a beta of 1.96. Fortress Investment Group has a one year low of $4.50 and a one year high of $8.05.

Fortress Investment Group (NYSE:FIG) last posted its earnings results on Monday, May 8th. The asset manager reported $0.19 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.19. The business had revenue of $232.23 million for the quarter, compared to analyst estimates of $258.70 million. Fortress Investment Group had a net margin of 8.26% and a return on equity of 41.94%. Equities research analysts predict that Fortress Investment Group will post $0.76 earnings per share for the current fiscal year.

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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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