News headlines about Fortress Investment Group (NYSE:FIG) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Fortress Investment Group earned a daily sentiment score of 0.11 on Accern’s scale. Accern also assigned news coverage about the asset manager an impact score of 46.4345351200167 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media stories that may have effected Accern’s rankings:
- Fortress Investment Group LLC (NYSE:FIG) Receives Average Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- Fortress Investment Group LLC C (FIG) Investment Up in Latest Report from Morgan Stanley – Modern Readers (modernreaders.com)
- Fortress Investment Group LLC (FIG) Stock Price trades 14.94% off from 200- SMA: Fortress Investment Group LLC (FIG) – Voice Of Analysts (analystsbuzz.com)
- Jpmorgan Chase & Co Adjusts Its Ownership in Fortress Investment Group LLC C (FIG) Stock Last Quarter – Modern Readers (modernreaders.com)
- Jpmorgan Chase & Co Adjusts Its Ownership in Fortress Investment Group LLC C (FIG) – Modern Readers (modernreaders.com)
Shares of Fortress Investment Group (NYSE:FIG) traded down 0.50% during trading on Friday, reaching $7.96. 3,449,676 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $8.01 and a 200 day moving average price of $7.72. Fortress Investment Group has a 12 month low of $4.50 and a 12 month high of $8.05. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 20.15 and a beta of 1.95.
Fortress Investment Group (NYSE:FIG) last released its quarterly earnings results on Thursday, August 3rd. The asset manager reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.02. The business 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%. On average, analysts forecast that Fortress Investment Group will post $0.74 EPS for the current year.
A number of equities analysts have weighed in on FIG shares. BidaskClub lowered shares of Fortress Investment Group from a “buy” rating to a “hold” rating in a research report on Sunday, July 16th. Zacks Investment Research lowered shares of Fortress Investment Group from a “hold” rating to a “sell” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $5.83.
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About Fortress Investment Group
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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