Och-Ziff Capital Management Group LLC (NYSE:OZM) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Och-Ziff Capital Management Group LLC (NYSE:OZM) from a hold rating to a buy rating in a report issued on Wednesday, July 12th.

Several other research firms also recently issued reports on OZM. Keefe, Bruyette & Woods restated a hold rating and set a $2.50 price objective on shares of Och-Ziff Capital Management Group in a report on Thursday, July 6th. Jefferies Group LLC restated 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, ValuEngine downgraded Och-Ziff Capital Management Group from a buy rating to a hold rating in a report on Friday, June 2nd. Seven investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $3.46.

Shares of Och-Ziff Capital Management Group (OZM) opened at 3.08 on Wednesday. The firm’s market capitalization is $570.19 million. Och-Ziff Capital Management Group has a 1-year low of $2.15 and a 1-year high of $4.78. The firm’s 50 day moving average is $2.62 and its 200 day moving average is $2.69.

Och-Ziff Capital Management Group (NYSE:OZM) last posted its quarterly earnings data on Tuesday, May 2nd. The asset manager reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.05. The firm had revenue of $133.21 million for the quarter, compared to the consensus estimate of $104.31 million. Och-Ziff Capital Management Group had a negative return on equity of 41.72% and a negative net margin of 8.27%. The business’s revenue for the quarter was down 24.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.11 EPS. Analysts anticipate that Och-Ziff Capital Management Group will post $0.44 EPS for the current fiscal year.

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Institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC boosted its position in Och-Ziff Capital Management Group by 292.1% in the first quarter. Jane Street Group LLC now owns 51,007 shares of the asset manager’s stock valued at $115,000 after buying an additional 37,999 shares during the period. Usca Ria LLC purchased a new stake in shares of Och-Ziff Capital Management Group during the first quarter valued at approximately $134,000. Searle & CO. purchased a new stake in shares of Och-Ziff Capital Management Group during the first quarter valued at approximately $137,000. Two Sigma Investments LP purchased a new stake in shares of Och-Ziff Capital Management Group during the fourth quarter valued at approximately $183,000. 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 valued at $224,000 after buying an additional 76,600 shares during the last quarter. 53.38% of the stock is currently owned by 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.

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

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