Fortress Investment Group Sees Unusually High Options Volume (NYSE:FIG)

Fortress Investment Group LLC (NYSE:FIG) was the target of some unusual options trading on Thursday. Traders acquired 1,297 put options on the company. This represents an increase of approximately Infinity compared to the average volume of 0 put options.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. California Public Employees Retirement System grew its holdings in shares of Fortress Investment Group by 7.3% during the 3rd quarter. California Public Employees Retirement System now owns 255,029 shares of the asset manager’s stock worth $2,033,000 after purchasing an additional 17,429 shares in the last quarter. Westchester Capital Management LLC boosted its stake in Fortress Investment Group by 19.8% in the third quarter. Westchester Capital Management LLC now owns 7,770,719 shares of the asset manager’s stock valued at $61,933,000 after buying an additional 1,285,588 shares in the last quarter. Omni Partners LLP boosted its stake in Fortress Investment Group by 21.9% in the third quarter. Omni Partners LLP now owns 3,863,657 shares of the asset manager’s stock valued at $30,963,000 after buying an additional 693,879 shares in the last quarter. Mint Tower Capital Management B.V. acquired a new stake in Fortress Investment Group in the third quarter valued at about $797,000. Finally, ING Groep NV acquired a new stake in Fortress Investment Group in the third quarter valued at about $1,993,000. 40.30% of the stock is currently owned by institutional investors.

Shares of Fortress Investment Group (NYSE FIG) opened at $7.76 on Thursday. The stock has a market capitalization of $3,023.11, a price-to-earnings ratio of 5.52 and a beta of 1.91. Fortress Investment Group has a 1-year low of $4.78 and a 1-year high of $8.05.

FIG has been the topic of a number of research analyst reports. BidaskClub upgraded Fortress Investment Group from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Zacks Investment Research upgraded Fortress Investment Group from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd.

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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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