Fortress Investment Group LLC (FIG) is Segantii Capital Management Ltd’s 10th Largest Position

Segantii Capital Management Ltd increased its position in Fortress Investment Group LLC (NYSE:FIG) by 14.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,189,692 shares of the asset manager’s stock after buying an additional 150,280 shares during the period. Fortress Investment Group makes up about 2.3% of Segantii Capital Management Ltd’s investment portfolio, making the stock its 10th largest position. Segantii Capital Management Ltd’s holdings in Fortress Investment Group were worth $9,506,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of FIG. JPMorgan Chase & Co. increased its stake in shares of Fortress Investment Group by 1,616,757.3% in the first quarter. JPMorgan Chase & Co. now owns 12,304,284 shares of the asset manager’s stock worth $97,819,000 after buying an additional 12,303,523 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Fortress Investment Group by 872.9% in the first quarter. Goldman Sachs Group Inc. now owns 9,802,781 shares of the asset manager’s stock worth $77,932,000 after buying an additional 8,795,161 shares during the last quarter. Credit Suisse AG increased its stake in shares of Fortress Investment Group by 1,146.9% in the first quarter. Credit Suisse AG now owns 8,794,158 shares of the asset manager’s stock worth $69,914,000 after buying an additional 8,088,872 shares during the last quarter. York Capital Management Global Advisors LLC bought a new stake in shares of Fortress Investment Group during the first quarter worth approximately $53,719,000. Finally, Bank of America Corp DE increased its stake in shares of Fortress Investment Group by 1,599.3% in the first quarter. Bank of America Corp DE now owns 6,504,646 shares of the asset manager’s stock worth $51,712,000 after buying an additional 6,121,865 shares during the last quarter. Hedge funds and other institutional investors own 43.45% of the company’s stock.

Fortress Investment Group LLC (NYSE:FIG) opened at 7.99 on Thursday. Fortress Investment Group LLC has a 12 month low of $4.50 and a 12 month high of $8.05. The firm’s 50-day moving average price is $8.01 and its 200-day moving average price is $7.70. The stock has a market cap of $1.75 billion, a P/E ratio of 20.23 and a beta of 1.95.

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

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A number of analysts have recently commented on FIG shares. BidaskClub downgraded Fortress Investment Group from a “buy” rating to a “hold” rating in a research note on Sunday, July 16th. Zacks Investment Research downgraded Fortress Investment Group from a “hold” rating to a “sell” rating in a research note on Tuesday. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $5.83.

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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Institutional Ownership by Quarter for Fortress Investment Group (NYSE:FIG)

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