S. Muoio & CO. LLC held its position in shares of Fortress Investment Group LLC (NYSE:FIG) during the second quarter, Holdings Channel reports. The institutional investor owned 150,000 shares of the asset manager’s stock at the end of the second quarter. S. Muoio & CO. LLC’s holdings in Fortress Investment Group were worth $1,199,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of FIG. Virtu Financial LLC bought a new position in shares of Fortress Investment Group during the first quarter worth $147,000. Two Sigma Securities LLC bought a new position in shares of Fortress Investment Group during the first quarter worth $205,000. 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 worth $215,000 after buying an additional 8,500 shares during the period. Stifel Financial Corp increased its position 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 period. Finally, Bank of New York Mellon Corp bought a new position in shares of Fortress Investment Group during the first quarter worth $343,000. Institutional investors own 43.86% of the company’s stock.

Shares of Fortress Investment Group LLC (NYSE:FIG) opened at 7.98 on Wednesday. The firm’s 50-day moving average is $8.01 and its 200-day moving average is $7.80. The stock has a market capitalization of $1.75 billion, a PE ratio of 20.20 and a beta of 1.95. Fortress Investment Group LLC has a one year low of $4.50 and a one year high of $8.05.

Fortress Investment Group (NYSE:FIG) last released its earnings results on Thursday, August 3rd. The asset manager reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. Fortress Investment Group had a net margin of 10.61% and a return on equity of 38.79%. The company had revenue of $246.99 million during the quarter. On average, analysts expect that Fortress Investment Group LLC will post $0.74 earnings per share for the current fiscal year.

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A number of research analysts recently weighed in on the stock. BidaskClub upgraded shares of Fortress Investment Group from a “sell” rating to a “hold” rating in a research report on Friday, August 11th. Zacks Investment Research downgraded shares of Fortress Investment Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $5.83.

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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Institutional Ownership by Quarter for Fortress Investment Group (NYSE:FIG)

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