Fortress Investment Group (NYSE:FIG) Receiving Somewhat Favorable Press Coverage, Study Finds

News articles about Fortress Investment Group (NYSE:FIG) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Fortress Investment Group earned a news impact score of 0.14 on Accern’s scale. Accern also gave media stories about the asset manager an impact score of 46.1362275911146 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the media stories that may have impacted Accern Sentiment’s scoring:

Several equities analysts have recently commented on the stock. BidaskClub raised shares of Fortress Investment Group from a “sell” rating to a “hold” rating in a research report on Friday. Zacks Investment Research cut shares of Fortress Investment Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Fortress Investment Group currently has a consensus rating of “Hold” and an average price target of $5.83.

Fortress Investment Group (FIG) opened at 7.96 on Friday. The company has a market cap of $1.75 billion, a PE ratio of 20.15 and a beta of 1.95. The firm has a 50-day moving average of $8.01 and a 200-day moving average of $7.72. Fortress Investment Group has a one year low of $4.50 and a one year high of $8.05.

Fortress Investment Group (NYSE:FIG) last issued its earnings results on Thursday, August 3rd. The asset manager reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.02. Fortress Investment Group had a net margin of 10.61% and a return on equity of 38.79%. The business had revenue of $246.99 million for the quarter. On average, analysts predict that Fortress Investment Group will post $0.74 EPS for the current year.

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About Fortress Investment Group

Fortress Investment Group LLC (Fortress) is an investment management firm. The Company operates through segments, including private equity funds, permanent capital vehicles, credit hedge funds, credit PE funds, liquid hedge funds and Logan Circle. Its 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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