Fortress Investment Group LLC (NYSE:FIG) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 13, 2016
Having a price of $5.04, Fortress Investment Group LLC (NYSE:FIG) traded 3.49% higher on the day. With the last stock price up 3.06% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the date range. Fortress Investment Group LLC has recorded a 50-day average of $5.02 and a two hundred day average of $4.89. Trade Volume was up over the average, with 795,314 shares of FIG changing hands over the typical 544,808
Zacks Investment Research has downgraded Fortress Investment Group LLC (NYSE:FIG) to Sell in a statement released on 10/13/2016.
On 04/18/2016, RBC Capital Markets released a statement about Fortress Investment Group LLC (NYSE:FIG) upped the target price from $9.00 to $10.00 that suggested an upside of 0.89%.
See Chart Below
Fortress Investment Group LLC has a 52 week low of $3.87 and a 52 week high of $6.29 with a P/E ratio of 70.99 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 6 brokers have issued a report on the stock. The consensus target price is $7.00 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Fortress Investment Group LLC (NYSE:FIG)
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. Its business is to sponsor the formation of, and provide investment management services for, various investment funds, permanent capital vehicles and related managed accounts (collectively, the Fortress Funds). Fortress makes investments in these funds. Fortress's primary sources of income from the Fortress Funds are management fees, incentive income and investment income on its investments in the funds. The Company's private equity business manages approximately $15.8 billion of AUM; credit funds business manages over $18.1 billion of AUM; liquid hedge funds business manages over $5.4 billion of AUM, and Logan Circle business manages approximately $31.2 billion of AUM.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.