Fortress Investment Group LLC (NYSE:FIG) – Equities researchers at Oppenheimer lowered their FY2015 EPS estimates for Fortress Investment Group in a research note issued on Wednesday, Zacks Investment Research reports. Oppenheimer analyst C. Kotowski now forecasts that the firm will post earnings of $0.80 per share for the year, down from their prior estimate of $0.82. The consensus estimate for Fortress Investment Group’s FY2015 earnings is $1.00 per share. Oppenheimer also issued estimates for Fortress Investment Group’s Q4 2015 earnings at $0.23 EPS, FY2016 earnings at $0.94 EPS and FY2017 earnings at $1.07 EPS.

Fortress Investment Group (NYSE:FIG) last released its quarterly earnings data on Thursday, October 29th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by $0.02. The firm earned $264 million during the quarter, compared to the consensus estimate of $274.63 million. During the same quarter last year, the business posted $0.12 EPS.

FIG has been the topic of several other reports. Zacks Investment Research cut Fortress Investment Group from a “hold” rating to a “sell” rating in a research report on Friday, October 9th. RBC Capital lowered their price target on Fortress Investment Group from $11.00 to $10.00 and set an “outperform” rating on the stock in a research report on Monday, October 26th. Jefferies Group lowered their price target on Fortress Investment Group from $8.00 to $6.50 and set a “hold” rating on the stock in a research report on Wednesday, October 7th. Credit Suisse reiterated a “neutral” rating and set a $6.00 price target on shares of Fortress Investment Group in a research report on Wednesday, December 9th. Finally, JMP Securities lowered their price target on Fortress Investment Group from $11.00 to $10.00 in a research report on Thursday, October 8th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Fortress Investment Group presently has an average rating of “Hold” and an average price target of $7.46.

Fortress Investment Group (NYSE:FIG) opened at 4.27 on Monday. The stock has a market capitalization of $921.10 million and a P/E ratio of 11.39. Fortress Investment Group has a 12-month low of $4.02 and a 12-month high of $8.65. The stock has a 50 day moving average price of $4.84 and a 200-day moving average price of $5.71.

An institutional investor recently raised its position in Fortress Investment Group stock. Quotient Investors increased its position in Fortress Investment Group LLC (NYSE:FIG) by 54.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 72,100 shares of the company’s stock after buying an additional 25,500 shares during the period. Quotient Investors’ holdings in Fortress Investment Group were worth $367,000 at the end of the most recent quarter.

Fortress Investment Group LLC (NYSE:FIG) is an investment management firm with approximately $67.5 billion in assets under management (AUM) as of December 31, 2014. Its business is to sponsor the formation of, and provide investment management services for, various investment funds and companies, including related managed accounts (collectively, the Fortress Funds). Fortress makes investments in these funds. Fortress has three primary sources of income from the Fortress Funds: management fees, incentive income and investment income on its investments in the funds. The Fortress Funds fall into four business segments in which Fortress operates: Private equity, focuses on control-oriented investments; Liquid hedge funds, invests in fixed income, currency, equity and commodity markets, and related derivatives; Credit funds, invests in direct lending, corporate debt and securities, real estate and structured finance, and Logan Circle, an asset management business.

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