$0.26 EPS Expected for Fortress Investment Group LLC (FIG)

October 8, 2017 - By Hazel Jackson

 $0.26 EPS Expected for Fortress Investment Group LLC (FIG)
Investors sentiment increased to 1.36 in 2017 Q2. Its up 0.28, from 1.08 in 2017Q1. It improved, as 16 investors sold Fortress Investment Group LLC shares while 23 reduced holdings. 13 funds opened positions while 40 raised stakes. 141.00 million shares or 0.27% less from 141.38 million shares in 2017Q1 were reported.
Jpmorgan Chase And stated it has 0.02% in Fortress Investment Group LLC (NYSE:FIG). Advisory Network Limited Co, a Georgia-based fund reported 10,375 shares. Lombard Odier Asset (Usa) Corporation has invested 0.16% in Fortress Investment Group LLC (NYSE:FIG). Fincl Architects Incorporated owns 1,500 shares. Royal Bank & Trust Of Canada invested in 0% or 916,605 shares. Pub Employees Retirement System Of Ohio invested in 150,000 shares or 0.01% of the stock. 1.19M are held by Segantii Ltd. 269,800 are owned by Texas Yale Corp. Lpl Finance Limited Liability Corporation holds 0% of its portfolio in Fortress Investment Group LLC (NYSE:FIG) for 41,300 shares. S Muoio And Co Limited Co invested in 150,000 shares. Two Sigma Secs Ltd Liability Co owns 27,876 shares. Credit Suisse Ag reported 0.07% in Fortress Investment Group LLC (NYSE:FIG). Commonwealth Of Pennsylvania School Empls Retrmt reported 1.30M shares or 0.16% of all its holdings. 134,798 are held by Hightower Advisors. Dupont Capital Mgmt Corporation stated it has 326,200 shares.

Investors wait Fortress Investment Group LLC (NYSE:FIG) to report on November, 2. its quarterly earnings Wall Street analysts expect $0.26 earnings per share, up $0.03 or 13.04 % from last year’s $0.23 same quarter earnings. This translates into $100.88M profit for FIG giving the stock a 7.68 P/E. This is assuming the current $0.26 EPS is accurate. Fortress Investment Group LLC’s Wall Street analysts see 18.18 % EPS growth, taking into account the $0.22 EPS reproted in the previous quarter, The stock decreased 0.13% or $0.01 on October 6, reaching $7.99. About 1.75 million shares traded or 13.64% up from the average. Fortress Investment Group LLC (NYSE:FIG) has risen 64.73% since October 8, 2016 and is uptrending. It has outperformed by 48.03% the S&P500.

Fortress Investment Group LLC (NYSE:FIG) Ratings Coverage

Among 6 analysts covering Fortress Investment Group Llc (NYSE:FIG), 1 have Buy rating, 0 Sell and 5 Hold. Therefore 17% are positive. Fortress Investment Group Llc had 16 analyst reports since October 7, 2015 according to SRatingsIntel. As per Friday, October 14, the company rating was maintained by Wood. As per Wednesday, December 9, the company rating was reinitiated by Credit Suisse. The firm earned “Outperform” rating on Monday, October 26 by RBC Capital Markets. JMP Securities downgraded the stock to “Mkt Perform” rating in Wednesday, March 8 report. The company was maintained on Monday, September 4 by Keefe Bruyette & Woods. The rating was maintained by Jefferies on Wednesday, August 2 with “Hold”. Jefferies maintained Fortress Investment Group LLC (NYSE:FIG) on Wednesday, June 28 with “Hold” rating. The rating was maintained by RBC Capital Markets on Thursday, February 25 with “Outperform”. The company was maintained on Wednesday, October 7 by Jefferies. The stock of Fortress Investment Group LLC (NYSE:FIG) earned “Hold” rating by Jefferies on Monday, September 25.

Fortress Investment Group LLC is an investment management firm. The company has market cap of $3.10 billion. The Firm operates through divisions, including private equity funds, permanent capital vehicles, credit hedge funds, credit PE funds, liquid hedge funds and Logan Circle. It has a 25.22 P/E ratio. The Company’s 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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