Och-Ziff Capital Management Group LLC (NYSE:OZM)’s share price dropped 3.6% during trading on Tuesday . The stock traded as low as $3.40 and last traded at $3.46, with a volume of 549,682 shares changing hands. The stock had previously closed at $3.59.

OZM has been the subject of several research analyst reports. Keefe, Bruyette & Woods cut Och-Ziff Capital Management Group from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $5.50 to $4.50 in a research note on Monday. Bank of America Corp. cut Och-Ziff Capital Management Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 28th. Jefferies Group reiterated a “buy” rating on shares of Och-Ziff Capital Management Group in a research note on Wednesday, April 6th. Citigroup Inc. reiterated a “hold” rating on shares of Och-Ziff Capital Management Group in a research note on Tuesday, April 12th. Finally, Compass Point reiterated a “neutral” rating and set a $4.00 target price (down from $5.00) on shares of Och-Ziff Capital Management Group in a research note on Wednesday, May 4th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $8.56.

The company’s market cap is $629.29 million. The firm has a 50 day moving average of $3.89 and a 200 day moving average of $4.32.

Och-Ziff Capital Management Group (NYSE:OZM) last issued its quarterly earnings data on Tuesday, May 3rd. The company reported ($0.27) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by $0.40. During the same quarter last year, the firm earned $0.15 earnings per share. The company earned $188.44 million during the quarter, compared to analyst estimates of $176.40 million. The business’s quarterly revenue was down 43.4% compared to the same quarter last year. On average, equities research analysts anticipate that Och-Ziff Capital Management Group LLC will post ($0.04) EPS for the current fiscal year.

A number of hedge funds and institutional investors have modified their holdings of OZM. Robeco Institutional Asset Management B.V. acquired a new position in shares of Och-Ziff Capital Management Group during the fourth quarter valued at approximately $1,246,000. Gabelli Funds LLC increased its position in shares of Och-Ziff Capital Management Group by 0.7% in the fourth quarter. Gabelli Funds LLC now owns 302,000 shares of the company’s stock valued at $1,881,000 after buying an additional 2,000 shares in the last quarter. Sei Investments Co. acquired a new position in shares of Och-Ziff Capital Management Group during the fourth quarter valued at approximately $3,648,000. Marshall Wace LLP acquired a new position in shares of Och-Ziff Capital Management Group during the fourth quarter valued at approximately $5,056,000. Finally, State of New Jersey Common Pension Fund D acquired a new position in shares of Och-Ziff Capital Management Group during the fourth quarter valued at approximately $6,697,000.

Och-Ziff Capital Management Group LLC (Och-Ziff) is a global institutional alternative asset manager. The Company provides asset management services through its funds, which pursue a range of global investment opportunities. The Company offers customized solutions within and across its product platforms to help its fund investors meet their investment objectives.

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