Fortress Investment Group LLC (NYSE:FIG) was the target of some unusual options trading on Thursday. Stock investors acquired 1,254 put options on the stock. This represents an increase of 1,448% compared to the average volume of 81 put options.

Large investors have recently modified their holdings of the business. OMERS ADMINISTRATION Corp lifted its stake in Fortress Investment Group by 15.4% during the 2nd quarter. OMERS ADMINISTRATION Corp now owns 1,939,700 shares of the asset manager’s stock valued at $15,498,000 after acquiring an additional 258,200 shares in the last quarter. Omni Partners LLP lifted its stake in Fortress Investment Group by 12.6% during the 2nd quarter. Omni Partners LLP now owns 3,169,778 shares of the asset manager’s stock valued at $25,326,000 after acquiring an additional 355,556 shares in the last quarter. Archford Capital Strategies LLC raised its stake in shares of Fortress Investment Group by 994.2% during the 2nd quarter. Archford Capital Strategies LLC now owns 61,548 shares of the asset manager’s stock worth $2,077,000 after purchasing an additional 55,923 shares during the period. California Public Employees Retirement System raised its stake in shares of Fortress Investment Group by 5.9% during the 2nd quarter. California Public Employees Retirement System now owns 237,600 shares of the asset manager’s stock worth $1,898,000 after purchasing an additional 13,300 shares during the period. Finally, Virtu KCG Holdings LLC raised its stake in shares of Fortress Investment Group by 87.1% during the 2nd quarter. Virtu KCG Holdings LLC now owns 66,601 shares of the asset manager’s stock worth $532,000 after purchasing an additional 31,008 shares during the period. Institutional investors and hedge funds own 40.00% of the company’s stock.

Separately, Zacks Investment Research upgraded Fortress Investment Group from a “sell” rating to a “hold” rating in a research note on Tuesday, September 19th.

Fortress Investment Group (FIG) opened at $7.87 on Friday. Fortress Investment Group has a 52 week low of $4.78 and a 52 week high of $8.05. The firm has a market capitalization of $3,060.00, a price-to-earnings ratio of 11.41 and a beta of 1.89.

COPYRIGHT VIOLATION WARNING: “Stock Traders Buy High Volume of Put Options on Fortress Investment Group (FIG)” was originally reported by Watch List News and is the sole property of of Watch List News. If you are reading this piece on another website, it was stolen and republished in violation of US & international trademark & copyright laws. The correct version of this piece can be accessed at https://www.watchlistnews.com/stock-traders-buy-high-volume-of-put-options-on-fortress-investment-group-fig/1780641.html.

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).

Receive News & Ratings for Fortress Investment Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortress Investment Group and related companies with MarketBeat.com's FREE daily email newsletter.