Och-Ziff Capital Management Group LLC (NYSE:OZM) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Thursday.

According to Zacks, “Och-Ziff Capital Management Group LLC is a leading, global institutional alternative asset management firm. It seeks to deliver consistent positive risk-adjusted returns throughout market cycles, with a strong focus on risk management and capital preservation. Portfolio composition is determined by market opportunities rather than any predetermined commitment to investment discipline or geography. Our diversified, multi-strategy approach is based on global investment strategies, including merger arbitrage, convertible arbitrage, equity restructuring, credit and distressed investments, private investments and real estate. “

Several other analysts have also commented on the company. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $3.25 price objective on shares of Och-Ziff Capital Management Group in a report on Tuesday, September 5th. Jefferies Group LLC reiterated a “hold” rating and set a $2.50 price objective on shares of Och-Ziff Capital Management Group in a report on Wednesday, June 28th. Finally, BidaskClub upgraded Och-Ziff Capital Management Group from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Eight research analysts have rated the stock with a hold rating, Och-Ziff Capital Management Group currently has an average rating of “Hold” and a consensus price target of $3.20.

Shares of Och-Ziff Capital Management Group (OZM) opened at 3.65 on Thursday. Och-Ziff Capital Management Group has a 12-month low of $2.15 and a 12-month high of $3.87. The firm has a 50 day moving average price of $3.04 and a 200-day moving average price of $2.68. The company’s market cap is $676.05 million.

Och-Ziff Capital Management Group (NYSE:OZM) last issued its quarterly earnings data on Wednesday, August 2nd. The asset manager reported $0.10 EPS for the quarter, beating the consensus estimate of $0.02 by $0.08. Och-Ziff Capital Management Group had a negative return on equity of 55.73% and a net margin of 4.46%. The firm had revenue of $148.95 million during the quarter, compared to analyst estimates of $90.65 million. During the same quarter in the prior year, the business posted $0.06 EPS. On average, equities analysts expect that Och-Ziff Capital Management Group will post $0.55 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece on another domain, it was illegally stolen and reposted in violation of US & international copyright legislation. The original version of this piece can be accessed at https://www.thecerbatgem.com/2017/10/07/och-ziff-capital-management-group-llc-ozm-rating-lowered-to-hold-at-zacks-investment-research.html.

Hedge funds have recently modified their holdings of the stock. Jane Street Group LLC raised its stake in Och-Ziff Capital Management Group by 292.1% in the 1st quarter. Jane Street Group LLC now owns 51,007 shares of the asset manager’s stock worth $115,000 after acquiring an additional 37,999 shares during the last quarter. K.J. Harrison & Partners Inc purchased a new position in Och-Ziff Capital Management Group in the 2nd quarter worth $155,000. Marshall Wace North America L.P. purchased a new position in Och-Ziff Capital Management Group in the 2nd quarter worth $162,000. Nationwide Fund Advisors purchased a new position in Och-Ziff Capital Management Group in the 2nd quarter worth $193,000. Finally, Credit Suisse AG purchased a new position in Och-Ziff Capital Management Group in the 1st quarter worth $226,000. Institutional investors own 17.03% of the company’s stock.

About Och-Ziff Capital Management Group

Och-Ziff Capital Management Group LLC (Och-Ziff) is an institutional alternative asset manager. The Company provides asset management services through its funds, which pursue a range of global investment opportunities. The Company operates through two segments: the Och-Ziff Funds and real estate business.

Analyst Recommendations for Och-Ziff Capital Management Group (NYSE:OZM)

Receive News & Stock Ratings for Och-Ziff Capital Management Group LLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Och-Ziff Capital Management Group LLC and related stocks with our FREE daily email newsletter.