Fortress Investment Group LLC (NYSE:FIG) traded down 3.5% on Wednesday . The stock traded as low as $5.01 and last traded at $5.01, with a volume of 312,502 shares trading hands. The stock had previously closed at $5.19.

Several equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Fortress Investment Group from a “sell” rating to a “hold” rating in a research report on Monday, July 11th. Keefe, Bruyette & Woods cut shares of Fortress Investment Group from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $6.50 to $5.50 in a research report on Monday, July 11th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Fortress Investment Group currently has an average rating of “Hold” and an average target price of $6.64.

The stock has a market capitalization of $1.11 billion, a PE ratio of 72.39 and a beta of 1.89. The stock’s 50-day moving average price is $5.04 and its 200 day moving average price is $4.87.

Fortress Investment Group (NYSE:FIG) last posted its earnings results on Thursday, July 28th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.08. The company earned $232 million during the quarter, compared to the consensus estimate of $235.83 million. The firm’s revenue was down 24.6% compared to the same quarter last year. During the same period last year, the company posted $0.30 EPS. On average, equities analysts forecast that Fortress Investment Group LLC will post $0.71 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its position in Fortress Investment Group by 37.2% in the second quarter. Tower Research Capital LLC TRC now owns 24,029 shares of the company’s stock worth $106,000 after buying an additional 6,514 shares during the period. National Asset Management Inc. raised its position in shares of Fortress Investment Group by 25.8% in the second quarter. National Asset Management Inc. now owns 24,900 shares of the company’s stock worth $111,000 after buying an additional 5,100 shares during the period. Clarius Group LLC raised its position in shares of Fortress Investment Group by 1.6% in the first quarter. Clarius Group LLC now owns 30,258 shares of the company’s stock worth $144,000 after buying an additional 485 shares during the period. Stifel Financial Corp acquired a new position in shares of Fortress Investment Group during the second quarter worth about $149,000. Finally, Acrospire Investment Management LLC raised its position in shares of Fortress Investment Group by 781.9% in the second quarter. Acrospire Investment Management LLC now owns 34,401 shares of the company’s stock worth $152,000 after buying an additional 30,500 shares during the period.

About Fortress Investment Group

Fortress Investment Group LLC (Fortress) is an investment management firm with approximately $70.5 billion in assets under management (AUM). The Company operates through segments, including private equity funds, permanent capital vehicles, credit hedge funds, credit PE funds, liquid hedge funds and Logan Circle.

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