BidaskClub Lowers Och-Ziff Capital Management Group LLC (NYSE:OZM) to Hold

Och-Ziff Capital Management Group LLC (NYSE:OZM) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Monday, July 31st.

Several other equities research analysts have also issued reports on OZM. ValuEngine lowered Och-Ziff Capital Management Group from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $2.50 price objective on shares of Och-Ziff Capital Management Group in a research note on Wednesday, April 12th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $3.00 price objective on shares of Och-Ziff Capital Management Group in a research note on Tuesday, May 2nd. Finally, Zacks Investment Research raised Och-Ziff Capital Management Group from a “hold” rating to a “strong-buy” rating and set a $3.25 price objective for the company in a research note on Friday, July 14th. Eight investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $3.46.

Shares of Och-Ziff Capital Management Group (NYSE:OZM) traded down 1.01% during midday trading on Monday, hitting $2.95. 333,577 shares of the stock were exchanged. Och-Ziff Capital Management Group has a 1-year low of $2.15 and a 1-year high of $4.78. The firm’s market capitalization is $546.39 million. The stock’s 50-day moving average price is $2.96 and its 200-day moving average price is $2.67.

Och-Ziff Capital Management Group (NYSE:OZM) last released its earnings results on Wednesday, August 2nd. The asset manager reported $0.10 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $90.65 million. During the same quarter last year, the business posted $0.06 earnings per share. On average, analysts forecast that Och-Ziff Capital Management Group will post $0.55 EPS for the current year.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC acquired a new position in shares of Och-Ziff Capital Management Group during the fourth quarter valued at $826,000. Two Sigma Investments LP purchased a new stake in shares of Och-Ziff Capital Management Group during the fourth quarter worth approximately $183,000. Usca Ria LLC purchased a new stake in shares of Och-Ziff Capital Management Group during the first quarter worth approximately $134,000. Searle & CO. purchased a new stake in shares of Och-Ziff Capital Management Group during the first quarter worth approximately $137,000. Finally, Gamco Investors INC. ET AL boosted its stake in shares of Och-Ziff Capital Management Group by 337.4% in the first quarter. Gamco Investors INC. ET AL now owns 99,300 shares of the asset manager’s stock worth $224,000 after buying an additional 76,600 shares in the last quarter. Institutional investors and hedge funds own 54.88% of the company’s stock.

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.

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

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