Zacks Investment Research Downgrades Och-Ziff Capital Management Group LLC (OZM) to Sell

Och-Ziff Capital Management Group LLC (NYSE:OZM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued 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. “

A number of other research analysts have also recently weighed in on the stock. Jefferies Group LLC boosted their target price on shares of Och-Ziff Capital Management Group from $3.00 to $3.50 and gave the company a “hold” rating in a research note on Wednesday, October 4th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $3.25 target price on shares of Och-Ziff Capital Management Group in a research note on Tuesday, September 5th. Finally, BidaskClub lowered shares of Och-Ziff Capital Management Group from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Och-Ziff Capital Management Group presently has a consensus rating of “Hold” and an average price target of $3.20.

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 for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.08. The firm had revenue of $148.95 million for the quarter, compared to analysts’ expectations of $90.65 million. Och-Ziff Capital Management Group had a net margin of 4.46% and a negative return on equity of 55.73%. During the same period in the previous year, the company earned $0.06 earnings per share.

ILLEGAL ACTIVITY WARNING: “Zacks Investment Research Downgrades Och-Ziff Capital Management Group LLC (OZM) to Sell” was originally reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this piece on another site, it was copied illegally and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://sportsperspectives.com/2017/10/13/zacks-investment-research-downgrades-och-ziff-capital-management-group-llc-ozm-to-sell.html.

Several institutional investors have recently made changes to their positions in OZM. SG Americas Securities LLC purchased a new stake in shares of Och-Ziff Capital Management Group in the 2nd quarter valued at $5,120,000. Artemis Investment Management LLP boosted its stake in shares of 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 purchasing an additional 1,118,975 shares in the last quarter. Continental Advisors LLC boosted its stake in shares of 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 purchasing an additional 1,029,022 shares in the last quarter. Stonerise Capital Management LLC purchased a new stake in shares of Och-Ziff Capital Management Group in the 2nd quarter valued at $2,474,000. Finally, Glacier Peak Capital LLC boosted its stake in shares of 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 purchasing an additional 608,468 shares in the last quarter. 17.03% of the stock is owned by institutional investors.

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.

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

Receive News & Ratings for Och-Ziff Capital Management Group LLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Och-Ziff Capital Management Group LLC and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply