Fortress Investment Group LLC (NYSE:FIG) registered a 2.30% increase, still its new closing price is 64.42% up from the company’s 1 year high of 5.73.It posted 13.53% gains in previous 5 sessions and is now the subject of 4 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 0 buy or better ratings. The 5 stock analysts following this company have an average price target at $6.25, with individual PT in the $5.00-$8.00 range. The shares moved at $5.79, implying that brokerage firms see shares gaining about 58.68% in twelve months time.
Fortress Investment Group LLC (FIG) SEC Form 4 News
The stock is getting much attention these days as insiders are adding shares while they posted a 19.14% rise year to date. A Principal, 10% Owner at Fortress Investment Group LLC (FIG) acquired shares in a transaction closed on Friday August 28, 2015. EDENS WESLEY R bought 200,000 shares in the company at $6.06 each and collected $1,212,000 in proceeds. EDENS WESLEY R now owns 200,000 shares in the company after this transaction. A Director in the company, Rantz Michael G., disclosed a transaction on Thursday August 20, 2015 that ended up paying $117,000 from the purchase of 20,000 shares at $5.87 per share.
Fortress Investment Group LLC (NYSE:FIG) Upcoming Results on Tap
Fortress Investment Group LLC will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.20 in that period. Sales during the quarter are predicted to arrive at $234.44 million.
Earnings surprise history: Last quarter, the company posted approximately $249 million in revenue and EPS of $0.18. The mean forecast was for $245.85 million and $0.19 a share, respectively. One quarter earlier, revenue for the stock was at $272 million, with earnings at $0.20/share.
Fortress Investment Group LLC (FIG) Brokerage Update
Fortress Investment Group LLC (FIG) is in Keefe Bruyette’s research list so their analyst rating change is noteworthy. These shares were downgraded to Mkt Perform from Outperform by Keefe Bruyette, according to news reported on Monday July 11, 2016.Another important research note was issued by Keefe Bruyette on Monday July 13, 2015.The firm upgraded FIG to Outperform from Mkt Perform. Over the last six months and over the last three months, the shares of Fortress Investment Group LLC (FIG), have changed 21.69% and 18.54%, respectively.