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

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. “

Several other analysts have also recently commented on OZM. Jefferies Group LLC reissued a “hold” rating and issued a $2.50 price target on shares of Och-Ziff Capital Management Group in a report on Wednesday, June 28th. BidaskClub raised Och-Ziff Capital Management Group from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $2.50 price target on shares of Och-Ziff Capital Management Group in a report on Thursday, July 6th. One analyst has rated the stock with a sell rating and seven have given a hold rating to the 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) opened at 3.36 on Wednesday. The firm has a 50-day moving average price of $3.06 and a 200-day moving average price of $2.70. Och-Ziff Capital Management Group has a one year low of $2.15 and a one year high of $3.87. The firm’s market capitalization is $622.33 million.

Och-Ziff Capital Management Group (NYSE:OZM) last posted its quarterly earnings results on Wednesday, August 2nd. The asset manager reported $0.10 EPS for the quarter, beating the consensus estimate of $0.02 by $0.08. The business had revenue of $148.95 million during the quarter, compared to analysts’ expectations 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 last year, the firm earned $0.06 EPS. Equities analysts anticipate that Och-Ziff Capital Management Group will post $0.55 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “Och-Ziff Capital Management Group LLC (OZM) Downgraded to Sell at Zacks Investment Research” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another site, it was illegally stolen and reposted in violation of United States & international trademark and copyright laws. The original version of this article can be accessed at https://ledgergazette.com/2017/10/11/och-ziff-capital-management-group-llc-ozm-downgraded-to-sell-at-zacks-investment-research.html.

Several institutional investors and hedge funds have recently bought and sold shares of OZM. Jane Street Group LLC lifted its holdings in shares of Och-Ziff Capital Management Group by 292.1% in the 1st 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. K.J. Harrison & Partners Inc purchased a new position in Och-Ziff Capital Management Group in the 2nd quarter valued at approximately $155,000. Marshall Wace North America L.P. purchased a new position in Och-Ziff Capital Management Group in the 2nd quarter valued at approximately $162,000. Nationwide Fund Advisors purchased a new position in Och-Ziff Capital Management Group in the 2nd quarter valued at approximately $193,000. Finally, Credit Suisse AG purchased a new position in Och-Ziff Capital Management Group in the 1st quarter valued at approximately $226,000. 17.03% of the stock is owned by institutional investors and hedge funds.

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

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. “

Several other analysts have also recently commented on OZM. Jefferies Group LLC reissued a “hold” rating and issued a $2.50 price target on shares of Och-Ziff Capital Management Group in a report on Wednesday, June 28th. BidaskClub raised Och-Ziff Capital Management Group from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $2.50 price target on shares of Och-Ziff Capital Management Group in a report on Thursday, July 6th. One analyst has rated the stock with a sell rating and seven have given a hold rating to the 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) opened at 3.36 on Wednesday. The firm has a 50-day moving average price of $3.06 and a 200-day moving average price of $2.70. Och-Ziff Capital Management Group has a one year low of $2.15 and a one year high of $3.87. The firm’s market capitalization is $622.33 million.

Och-Ziff Capital Management Group (NYSE:OZM) last posted its quarterly earnings results on Wednesday, August 2nd. The asset manager reported $0.10 EPS for the quarter, beating the consensus estimate of $0.02 by $0.08. The business had revenue of $148.95 million during the quarter, compared to analysts’ expectations 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 last year, the firm earned $0.06 EPS. Equities analysts anticipate that Och-Ziff Capital Management Group will post $0.55 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “Och-Ziff Capital Management Group LLC (OZM) Downgraded to Sell at Zacks Investment Research” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another site, it was illegally stolen and reposted in violation of United States & international trademark and copyright laws. The original version of this article can be accessed at https://ledgergazette.com/2017/10/11/och-ziff-capital-management-group-llc-ozm-downgraded-to-sell-at-zacks-investment-research.html.

Several institutional investors and hedge funds have recently bought and sold shares of OZM. Jane Street Group LLC lifted its holdings in shares of Och-Ziff Capital Management Group by 292.1% in the 1st 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. K.J. Harrison & Partners Inc purchased a new position in Och-Ziff Capital Management Group in the 2nd quarter valued at approximately $155,000. Marshall Wace North America L.P. purchased a new position in Och-Ziff Capital Management Group in the 2nd quarter valued at approximately $162,000. Nationwide Fund Advisors purchased a new position in Och-Ziff Capital Management Group in the 2nd quarter valued at approximately $193,000. Finally, Credit Suisse AG purchased a new position in Och-Ziff Capital Management Group in the 1st quarter valued at approximately $226,000. 17.03% of the stock is owned by institutional investors and hedge funds.

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)

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