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

Separately, Zacks Investment Research cut Fortress Investment Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $5.83.

Fortress Investment Group (FIG) opened at 7.96 on Friday. Fortress Investment Group has a one year low of $4.50 and a one year high of $8.05. The firm has a 50 day moving average of $8.01 and a 200 day moving average of $7.72. The firm has a market capitalization of $1.75 billion, a PE ratio of 20.15 and a beta of 1.95.

Fortress Investment Group (NYSE:FIG) last announced its quarterly earnings results on Thursday, August 3rd. The asset manager reported $0.22 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 return on equity of 38.79% and a net margin of 10.61%. Equities analysts forecast that Fortress Investment Group will post $0.74 EPS for the current year.

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Hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its position in shares of Fortress Investment Group by 4.7% in the second quarter. JPMorgan Chase & Co. now owns 12,877,133 shares of the asset manager’s stock valued at $102,888,000 after buying an additional 572,849 shares in the last quarter. Citigroup Inc. raised its position in shares of Fortress Investment Group by 4.1% in the second quarter. Citigroup Inc. now owns 10,432,867 shares of the asset manager’s stock valued at $83,358,000 after buying an additional 414,587 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Fortress Investment Group by 872.9% in the first quarter. Goldman Sachs Group Inc. now owns 9,802,781 shares of the asset manager’s stock valued at $77,932,000 after buying an additional 8,795,161 shares in the last quarter. Credit Suisse AG raised its position in shares of Fortress Investment Group by 1,146.9% in the first quarter. Credit Suisse AG now owns 8,794,158 shares of the asset manager’s stock valued at $69,914,000 after buying an additional 8,088,872 shares in the last quarter. Finally, UBS Group AG raised its position in shares of Fortress Investment Group by 49.7% in the first quarter. UBS Group AG now owns 7,156,360 shares of the asset manager’s stock valued at $56,893,000 after buying an additional 2,376,085 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).

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