Morgan Stanley Reduces Stake in Och-Ziff Capital Management Group LLC (OZM)

Morgan Stanley Reduces Stake in Och-Ziff Capital Management Group LLC (OZM)

Morgan Stanley decreased its position in Och-Ziff Capital Management Group LLC (NYSE:OZM) by 6.3% during the third quarter, Holdings Channel reports. The fund owned 9,618,360 shares of the company’s stock after selling 645,181 shares during the period. Morgan Stanley owned 5.30% of Och-Ziff Capital Management Group worth $41,744,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Sterneck Capital Management LLC acquired a new stake in Och-Ziff Capital Management Group during the second quarter worth about $129,000. Alpine Partners VI LLC acquired a new position in shares of Och-Ziff Capital Management Group during the second quarter valued at $160,000. Harvest Management LLC acquired a new position in shares of Och-Ziff Capital Management Group during the second quarter valued at $190,000. Hsbc Holdings PLC boosted its position in shares of Och-Ziff Capital Management Group by 82.3% in the second quarter. Hsbc Holdings PLC now owns 51,102 shares of the company’s stock valued at $194,000 after buying an additional 23,064 shares in the last quarter. Finally, Brown Advisory Inc. acquired a new position in shares of Och-Ziff Capital Management Group during the second quarter valued at $228,000. 53.18% of the stock is owned by institutional investors and hedge funds.

Shares of Och-Ziff Capital Management Group LLC (NYSE:OZM) traded down 0.62% on Friday, hitting $3.18. The company had a trading volume of 318,694 shares. Och-Ziff Capital Management Group LLC has a 1-year low of $2.65 and a 1-year high of $5.44. The company has a 50 day moving average price of $3.16 and a 200 day moving average price of $3.44. The firm’s market capitalization is $577.83 million.

Och-Ziff Capital Management Group (NYSE:OZM) last released its earnings results on Wednesday, November 2nd. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.04. Och-Ziff Capital Management Group had a negative net margin of 18.75% and a positive return on equity of 106.32%. The company had revenue of $138.80 million for the quarter, compared to the consensus estimate of $135.10 million. During the same period in the prior year, the company posted $0.13 EPS. The company’s revenue was down 31.4% compared to the same quarter last year. On average, equities analysts forecast that Och-Ziff Capital Management Group LLC will post ($0.23) earnings per share for the current fiscal year.

Several equities analysts have recently weighed in on OZM shares. Compass Point raised shares of Och-Ziff Capital Management Group from a “neutral” rating to a “buy” rating and set a $5.00 price target for the company in a research note on Thursday, September 29th. Citigroup Inc. raised shares of Och-Ziff Capital Management Group from a “sell” rating to a “neutral” rating and set a $3.00 price target for the company in a research note on Monday, November 7th. Jefferies Group LLC reaffirmed a “hold” rating and set a $3.00 price target on shares of Och-Ziff Capital Management Group in a research note on Tuesday, November 8th. Zacks Investment Research cut shares of Och-Ziff Capital Management Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 10th. Finally, Keefe, Bruyette & Woods set a $4.00 price objective on Och-Ziff Capital Management Group and gave the company a “hold” rating in a report on Friday, October 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $4.08.

In related news, insider Erez Elisha sold 27,669 shares of the stock in a transaction dated Friday, December 30th. The stock was sold at an average price of $3.25, for a total transaction of $89,924.25. Following the sale, the insider now owns 27,669 shares of the company’s stock, valued at approximately $89,924.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Abrams Capital Management, L.P acquired 513,480 shares of the company’s stock in a transaction that occurred on Friday, December 30th. The shares were bought at an average cost of $3.19 per share, for a total transaction of $1,638,001.20. The disclosure for this purchase can be found here. Insiders have acquired 4,036,907 shares of company stock worth $12,936,401 over the last three months. 63.20% of the stock is currently owned by insiders.

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 Other Operations.

Want to see what other hedge funds are holding OZM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Och-Ziff Capital Management Group LLC (NYSE:OZM).

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