New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 31, 2014
07:18 EDTNEWM, FIGFortress reports Q2 distributable earnings 39c, consensus 31c
Reports Q2 revenue $427.3M, consensus $221.59M. The increase in GAAP revenues compared to prior year was primarily attributable to $158M of revenues from the Media Business as a result of the consolidation of New Media beginning in February, as well as a $30M increase in incentive income from affiliates primarily attributable to realization activity in our Private Equity funds and higher crystallized incentive income from our Permanent Capital Vehicles. Fortress also consolidates New Media Investment Group (NEWM) financial position and results of operations. Reports Management Fee Paying Assets Under Management of $63.8B as of June 30, an increase of 2% from the previous quarter and an increase of 17% from June 30, 2013. Total uncalled capital, or “dry powder,” of $7.4B as of June 30, including approximately $5.7B available for general investment purposes.
News For FIG;NEWM From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
January 26, 2015
10:00 EDTFIGOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
05:36 EDTFIGFortress downgraded to Market Perform from Outperform at Keefe Bruyette
Subscribe for More Information
January 22, 2015
10:03 EDTFIGOn the Fly: Analyst Downgrade Summary
Subscribe for More Information
08:13 EDTFIGFortress downgraded at Oppenheimer
As noted earlier, Oppenheimer downgraded Fortress to Perform from Outperform. The firm downgraded the stock based on the weaker than expected performance of the company's private equity and liquid hedge fund businesses.
06:34 EDTFIGFortress downgraded to Perform from Outperform at Oppenheimer
Subscribe for More Information
January 21, 2015
07:59 EDTFIGFortress macro fund loses 7.6% in week of SNB shock, Reuters says
Subscribe for More Information
January 14, 2015
14:32 EDTNEWMNew Media upgraded to Buy from Neutral at Sidoti
Subscribe for More Information
09:16 EDTNEWMOn The Fly: Pre-market Movers
HIGHER: ZIOPHARM (ZIOP), up 53% after the company and Intrexon (XON) announced a licensing agreement with University of Texas. Intrexon shares are also up 12%... GameStop (GME), up 10.6% after reporting holiday SSS, providing guidance for the fourth quarter and fiscal 2014, and being upgraded at Pacific Crest... Smith Micro (SMSI), up 12.7% after reporting preliminary fourth quarter revenue and providing revenue guidance for the first quarter and fiscal 2015... BioCryst (BCRX), up 3.2% after receiving a positive opinion on EMA orphan drug designation for BCX4161... GoPro (GPRO), up 1% following analyst remarks that sell-off after yesterday's report on Apple (AAPL) patent was "overdone." DOWN AFTER EARNINGS: JPMorgan (JPM), down 2.7%... Wells Fargo (WFC), down 2.2%... Banking peers down as well, with Bank of America (BAC) down 2.8% and Citi (C) down 2%. ALSO LOWER: Tesla (TSLA), down 9% following comments made by CEO Elon Musk at an automotive conference in Detroit regarding a slowdown in China... New Media (NEWM), down 4.8% after 7M share spot secondary priced at $21.70... General Motors (GM), down 3% after giving 2015 guidance, saying it is on track to meet previously announced 2016 financial targets... Apple (AAPL), down 1% following lawsuit against Ericsson (ERIC) and countersuit filing.
08:12 EDTNEWMNew Media 7M share Spot Secondary priced at $21.70
Subscribe for More Information
January 13, 2015
16:16 EDTNEWMNew Media files to sell 7M shares of common stock
Citigroup and Credit Suisse Securities are the joint book-running managers for the offering.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use