Todays Report: Today, Q4 2016 Earnings Forecast for Fortress Investment Group LLC Issued By Oppenheimer Holdings (FIG)

Today, Q4 2016 Earnings Forecast for Fortress Investment Group LLC Issued By Oppenheimer Holdings (FIG)

Fortress Investment Group LLC (NYSE:FIG) – Investment analysts at Oppenheimer Holdings raised their Q4 2016 EPS estimates for Fortress Investment Group in a report issued on Wednesday. Oppenheimer Holdings analyst C. Kotowski now forecasts that the firm will post earnings per share of $0.26 for the quarter, up from their prior estimate of $0.25.

Other equities research analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods set a $6.00 target price on Fortress Investment Group and gave the company a “hold” rating in a research note on Saturday. Zacks Investment Research cut Fortress Investment Group from a “hold” rating to a “sell” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $6.71.

Shares of Fortress Investment Group (NYSE:FIG) opened at 5.08 on Monday. The stock has a 50 day moving average price of $5.02 and a 200 day moving average price of $4.89. The company has a market capitalization of $1.10 billion, a PE ratio of 71.55 and a beta of 1.89. Fortress Investment Group has a 52-week low of $3.87 and a 52-week high of $6.29.

Fortress Investment Group (NYSE:FIG) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.08. The business earned $232 million during the quarter, compared to the consensus estimate of $235.83 million. During the same period in the prior year, the company posted $0.30 earnings per share. The firm’s revenue was down 24.6% compared to the same quarter last year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Williams Jones & Associates LLC bought a new position in Fortress Investment Group during the second quarter valued at $159,000. Royal Bank of Canada raised its position in Fortress Investment Group by 37.6% in the second quarter. Royal Bank of Canada now owns 1,183,124 shares of the company’s stock valued at $5,229,000 after buying an additional 323,332 shares during the period. Hillsdale Investment Management Inc. raised its position in Fortress Investment Group by 23.7% in the second quarter. Hillsdale Investment Management Inc. now owns 119,900 shares of the company’s stock valued at $530,000 after buying an additional 23,000 shares during the period. Stifel Financial Corp bought a new position in Fortress Investment Group during the second quarter valued at $149,000. Finally, National Asset Management Inc. raised its position in Fortress Investment Group by 25.8% in the second quarter. National Asset Management Inc. now owns 24,900 shares of the company’s stock valued at $111,000 after buying an additional 5,100 shares during the period.

Fortress Investment Group Company Profile

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