Och-Ziff Capital Management Group LLC (OZM) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research lowered shares of Och-Ziff Capital Management Group LLC (NYSE:OZM) from a strong-buy rating to a hold rating in a research note released on Thursday.

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 firms have also issued reports on OZM. 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. BidaskClub lowered shares of Och-Ziff Capital Management Group from a buy rating to a hold rating in a research note on Monday, July 31st. 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 research note on Tuesday, September 5th. Eight equities research analysts have rated the stock with a hold rating, Och-Ziff Capital Management Group has a consensus rating of Hold and an average target price of $3.20.

Och-Ziff Capital Management Group (NYSE:OZM) opened at 3.65 on Thursday. Och-Ziff Capital Management Group has a 12-month low of $2.15 and a 12-month high of $3.87. The company’s 50-day moving average is $3.04 and its 200 day moving average is $2.68. The stock’s market capitalization is $676.05 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.08. The firm had revenue of $148.95 million during the quarter, compared to analyst estimates 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 business posted $0.06 EPS. On average, analysts predict that Och-Ziff Capital Management Group will post $0.55 EPS for the current year.

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A number of institutional investors have recently bought and sold shares of OZM. Abrams Capital Management L.P. boosted its stake in Och-Ziff Capital Management Group by 17.4% during the 1st quarter. Abrams Capital Management L.P. now owns 22,238,592 shares of the asset manager’s stock valued at $50,259,000 after purchasing an additional 3,288,600 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Och-Ziff Capital Management Group in the 2nd quarter worth approximately $5,120,000. Artemis Investment Management LLP lifted 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 worth $7,001,000 after acquiring an additional 1,118,975 shares during the period. Continental Advisors LLC lifted 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 worth $4,676,000 after acquiring an additional 1,029,022 shares during the period. Finally, Stonerise Capital Management LLC acquired a new stake in shares of Och-Ziff Capital Management Group in the 2nd quarter worth approximately $2,474,000. 17.03% of the stock is owned by hedge funds and other 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.

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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 firms have also issued reports on OZM. 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. BidaskClub lowered shares of Och-Ziff Capital Management Group from a buy rating to a hold rating in a research note on Monday, July 31st. 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 research note on Tuesday, September 5th. Eight equities research analysts have rated the stock with a hold rating, Och-Ziff Capital Management Group has a consensus rating of Hold and an average target price of $3.20.

Och-Ziff Capital Management Group (NYSE:OZM) opened at 3.65 on Thursday. Och-Ziff Capital Management Group has a 12-month low of $2.15 and a 12-month high of $3.87. The company’s 50-day moving average is $3.04 and its 200 day moving average is $2.68. The stock’s market capitalization is $676.05 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.08. The firm had revenue of $148.95 million during the quarter, compared to analyst estimates 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 business posted $0.06 EPS. On average, analysts predict that Och-Ziff Capital Management Group will post $0.55 EPS for the current year.

TRADEMARK VIOLATION WARNING: This piece of content was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another site, it was stolen and republished in violation of international copyright and trademark law. The correct version of this piece of content can be accessed at https://ledgergazette.com/2017/10/09/och-ziff-capital-management-group-llc-ozm-rating-lowered-to-hold-at-zacks-investment-research.html.

A number of institutional investors have recently bought and sold shares of OZM. Abrams Capital Management L.P. boosted its stake in Och-Ziff Capital Management Group by 17.4% during the 1st quarter. Abrams Capital Management L.P. now owns 22,238,592 shares of the asset manager’s stock valued at $50,259,000 after purchasing an additional 3,288,600 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Och-Ziff Capital Management Group in the 2nd quarter worth approximately $5,120,000. Artemis Investment Management LLP lifted 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 worth $7,001,000 after acquiring an additional 1,118,975 shares during the period. Continental Advisors LLC lifted 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 worth $4,676,000 after acquiring an additional 1,029,022 shares during the period. Finally, Stonerise Capital Management LLC acquired a new stake in shares of Och-Ziff Capital Management Group in the 2nd quarter worth approximately $2,474,000. 17.03% of the stock is owned by hedge funds and other 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.

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

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