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

Several research firms have commented on OZM. Citigroup Inc. reaffirmed a “hold” rating on shares of Och-Ziff Capital Management Group in a report on Tuesday, April 12th. Jefferies Group reaffirmed a “buy” rating on shares of Och-Ziff Capital Management Group in a report on Wednesday, April 6th. Royal Bank Of Canada cut their price target on Och-Ziff Capital Management Group from $8.00 to $7.00 and set an “outperform” rating for the company in a report on Tuesday, May 31st. Bank of America Corp. cut Och-Ziff Capital Management Group from a “buy” rating to a “neutral” rating in a report on Tuesday, June 28th. Finally, Keefe, Bruyette & Woods cut Och-Ziff Capital Management Group from an “outperform” rating to a “market perform” rating and cut their price target for the company from $5.50 to $4.50 in a report on Monday. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $8.56.

The company’s market capitalization is $615.69 million. The stock has a 50-day moving average price of $3.86 and a 200 day moving average price of $4.31.

Och-Ziff Capital Management Group (NYSE:OZM) last posted its quarterly earnings results on Tuesday, May 3rd. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of $0.13 by $0.40. The company earned $188.44 million during the quarter, compared to analyst estimates of $176.40 million. The business’s revenue for the quarter was down 43.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.15 EPS. Equities analysts predict that Och-Ziff Capital Management Group LLC will post ($0.05) earnings per share for the current year.

A number of institutional investors have bought and sold shares of the company. State of New Jersey Common Pension Fund D acquired a new position in Och-Ziff Capital Management Group during the fourth quarter worth approximately $6,697,000. Marshall Wace LLP acquired a new position in Och-Ziff Capital Management Group during the fourth quarter worth approximately $5,056,000. Sei Investments Co. acquired a new position in Och-Ziff Capital Management Group during the fourth quarter worth approximately $3,648,000. Robeco Institutional Asset Management B.V. acquired a new position in Och-Ziff Capital Management Group during the fourth quarter worth approximately $1,246,000. Finally, Thornburg Investment Management Inc. boosted its position in Och-Ziff Capital Management Group by 1.9% in the fourth quarter. Thornburg Investment Management Inc. now owns 7,322,949 shares of the company’s stock worth $45,622,000 after buying an additional 135,230 shares during the last quarter.

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 Other Operations.

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