Fortress Investment Group LLC (NYSE:FIG) has an average broker rating of 2.5, which is interpreted as a Buy, as rated by 4 equity analysts. 2 other analysts advise a Buy. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
Fortress Investment Group LLC (NYSE:FIG) : 3 Wall Street analysts covering Fortress Investment Group LLC (NYSE:FIG) believe that the average level the stock could reach for the short term is $7.67. The maximum price target given is $10 and the minimum target for short term is around $5, hence the standard deviation is calculated at $2.52.
For the current week, the company shares have a recommendation consensus of Buy.
Fortress Investment Group LLC (NYSE:FIG): On Tuesdays trading session , Opening price of the stock was $4.36 with an intraday high of $4.4. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $4.23. However, the stock managed to close at $4.23, a loss of 0.47% for the day. On the previous day, the stock had closed at $4.25. The total traded volume of the day was 1,245,343 shares.
In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer 10% owner (Principal) of Fortress Investment Group Llc, Edens Wesley R, had purchased 200,000 shares in a transaction dated on August 27, 2015. The transaction was executed at $6.06 per share with total amount equaling $1,212,000.
Fortress Investment Group LLC (Fortress) 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.