Och-Ziff Capital Management Group LLC (NYSE:OZM) shares shot up 3% during mid-day trading on Wednesday . The company traded as high as $3.45 and last traded at $3.44, with a volume of 150,881 shares trading hands. The stock had previously closed at $3.34.

OZM has been the topic of a number of recent research reports. Jefferies Group reaffirmed a “buy” rating on shares of Och-Ziff Capital Management Group in a research report on Wednesday, April 6th. Royal Bank Of Canada dropped their price target on Och-Ziff Capital Management Group from $8.00 to $7.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 31st. Compass Point reaffirmed a “neutral” rating and set a $4.00 price target (down previously from $5.00) on shares of Och-Ziff Capital Management Group in a research report on Wednesday, May 4th. Bank of America Corp. cut Och-Ziff Capital Management Group from a “buy” rating to a “neutral” rating in a research 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 dropped their price target for the company from $5.50 to $4.50 in a research report on Monday, July 11th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $6.81.

The stock’s market cap is $620.22 million. The company’s 50-day moving average is $3.70 and its 200 day moving average is $4.13.

Och-Ziff Capital Management Group (NYSE:OZM) last issued its quarterly earnings data on Tuesday, May 3rd. The company reported ($0.27) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by $0.40. During the same period in the prior year, the firm earned $0.15 earnings per share. The company earned $188.44 million during the quarter, compared to the consensus estimate of $176.40 million. Och-Ziff Capital Management Group’s revenue for the quarter was down 43.4% compared to the same quarter last year. Equities research analysts anticipate that Och-Ziff Capital Management Group LLC will post ($0.08) earnings per share for the current fiscal year.

Other hedge funds recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. bought a new stake in Och-Ziff Capital Management Group during the fourth quarter valued at about $1,246,000. Gabelli Funds LLC raised its stake in 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. Marshall Wace LLP bought a new stake in Och-Ziff Capital Management Group during the fourth quarter valued at about $5,056,000. Finally, State of New Jersey Common Pension Fund D bought a new stake in Och-Ziff Capital Management Group during the fourth quarter valued at about $6,697,000.

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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