The Och-Ziff Capital Management Group LLC (OZM) Downgraded by Zacks Investment Research to Sell

The Och-Ziff Capital Management Group LLC (OZM) Downgraded by Zacks Investment Research to Sell

Zacks Investment Research cut shares of Och-Ziff Capital Management Group LLC (NYSE:OZM) from a hold rating to a sell rating in a research note published on Wednesday.

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. “

Other research analysts have also issued reports about the company. BidaskClub raised Och-Ziff Capital Management Group from a hold rating to a buy rating in a report on Wednesday, July 12th. Jefferies Group LLC boosted their target price on Och-Ziff Capital Management Group from $3.00 to $3.50 and gave the stock a hold rating in a report on Wednesday, October 4th. Finally, Keefe, Bruyette & Woods reissued a hold rating and set a $3.25 target price on shares of Och-Ziff Capital Management Group in a report on Tuesday, September 5th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $3.20.

Shares of Och-Ziff Capital Management Group (NYSE OZM) opened at 3.27 on Wednesday. Och-Ziff Capital Management Group has a 52 week low of $2.15 and a 52 week high of $3.87. The stock has a 50 day moving average of $3.11 and a 200 day moving average of $2.72. The firm’s market cap is $605.66 million.

Och-Ziff Capital Management Group (NYSE:OZM) last posted its earnings results on Wednesday, August 2nd. The asset manager reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.08. The business had revenue of $148.95 million for the quarter, compared to analyst estimates of $90.65 million. Och-Ziff Capital Management Group had a negative return on equity of 55.73% and a net margin of 4.46%. During the same period in the previous year, the firm earned $0.06 EPS. Equities analysts forecast that Och-Ziff Capital Management Group will post $0.54 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Odey Asset Management Group Ltd grew its holdings in Och-Ziff Capital Management Group by 1.3% in the 2nd quarter. Odey Asset Management Group Ltd now owns 7,211,519 shares of the asset manager’s stock valued at $18,461,000 after buying an additional 91,000 shares in the last quarter. Bank of America Corp DE grew its holdings in Och-Ziff Capital Management Group by 10.3% in the 1st quarter. Bank of America Corp DE now owns 3,785,923 shares of the asset manager’s stock valued at $8,556,000 after buying an additional 353,276 shares in the last quarter. Artemis Investment Management LLP grew its holdings in Och-Ziff Capital Management Group by 69.0% in the 2nd quarter. Artemis Investment Management LLP now owns 2,740,000 shares of the asset manager’s stock valued at $7,001,000 after buying an additional 1,118,975 shares in the last quarter. Continental Advisors LLC grew its holdings in Och-Ziff Capital Management Group by 98.9% in the 1st quarter. Continental Advisors LLC now owns 2,069,193 shares of the asset manager’s stock valued at $4,676,000 after buying an additional 1,029,022 shares in the last quarter. Finally, Glacier Peak Capital LLC grew its holdings in Och-Ziff Capital Management Group by 42.5% in the 2nd quarter. Glacier Peak Capital LLC now owns 2,039,388 shares of the asset manager’s stock valued at $5,221,000 after buying an additional 608,468 shares in the last quarter. 17.03% of the stock is currently owned by hedge funds and other institutional investors.

Och-Ziff Capital Management Group Company Profile

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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