Och-Ziff Capital Management Group LLC (NYSE:OZM) saw strong trading volume on Wednesday . 1,015,720 shares traded hands during mid-day trading, an increase of 76% from the previous session’s volume of 576,295 shares.The stock last traded at $3.75 and had previously closed at $3.76.

A number of research analysts recently commented on OZM shares. Compass Point reiterated a “neutral” rating and issued a $4.00 price objective (down from $5.00) on shares of Och-Ziff Capital Management Group in a report on Wednesday, May 4th. Credit Suisse Group AG reiterated a “hold” rating and issued a $4.60 price objective on shares of Och-Ziff Capital Management Group in a report on Wednesday. Keefe, Bruyette & Woods cut Och-Ziff Capital Management Group from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $5.50 to $4.50 in a report on Monday, July 11th. Jefferies Group cut Och-Ziff Capital Management Group from a “buy” rating to a “hold” rating and decreased their price objective for the company from $5.50 to $4.00 in a report on Tuesday, July 12th. Finally, 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. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. Och-Ziff Capital Management Group currently has an average rating of “Hold” and a consensus price target of $6.57.

The company’s market cap is $671.00 million. The firm has a 50 day moving average price of $3.62 and a 200-day moving average price of $4.05.

Och-Ziff Capital Management Group (NYSE:OZM) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by $0.01. The firm earned $152.55 million during the quarter, compared to analyst estimates of $144.40 million. During the same period in the prior year, the company posted $0.18 EPS. The firm’s quarterly revenue was down 52.5% on a year-over-year basis. On average, equities research analysts forecast that Och-Ziff Capital Management Group LLC will post ($0.14) EPS for the current fiscal year.

A number of hedge funds recently bought and sold shares of OZM. State of New Jersey Common Pension Fund D bought a new stake in Och-Ziff Capital Management Group during the fourth quarter worth approximately $6,697,000. Marshall Wace LLP bought a new stake in Och-Ziff Capital Management Group during the fourth quarter worth approximately $5,056,000. Gabelli Funds LLC boosted 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 worth $1,881,000 after buying an additional 2,000 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. bought a new stake in Och-Ziff Capital Management Group during the fourth quarter worth approximately $1,246,000.

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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