Och-Ziff Capital Management Group LLC (OZM) Rating Lowered to Hold at Zacks Investment Research
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.
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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.
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