Och-Ziff Capital Management Group LLC (NYSE:OZM) shares shot up 13.4% during trading on Tuesday . The stock traded as high as $3.86 and last traded at $3.80, with a volume of 1,595,332 shares changing hands. The stock had previously closed at $3.35.

Several research firms have commented on OZM. Compass Point reissued a “neutral” rating and set a $4.00 price objective (down previously from $5.00) on shares of Och-Ziff Capital Management Group in a report on Wednesday, May 4th. Credit Suisse Group AG restated a “hold” rating and set a $4.60 target price on shares of Och-Ziff Capital Management Group in a research report on Wednesday. Keefe, Bruyette & Woods cut shares of Och-Ziff Capital Management Group from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $5.50 to $4.50 in a research report on Monday, July 11th. Jefferies Group cut shares of Och-Ziff Capital Management Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $5.50 to $4.00 in a research report on Tuesday, July 12th. Finally, Bank of America Corp. cut shares of Och-Ziff Capital Management Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 28th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. Och-Ziff Capital Management Group presently has an average rating of “Hold” and an average target price of $6.57.

The company’s market cap is $670.40 million. The company 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 earnings results on Tuesday, August 2nd. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by $0.01. The firm had revenue of $152.55 million for the quarter, compared to analyst estimates of $144.40 million. During the same quarter last year, the business posted $0.18 EPS. The firm’s revenue for the quarter was down 52.5% on a year-over-year basis. Analysts anticipate that Och-Ziff Capital Management Group LLC will post ($0.14) earnings per share for the current fiscal year.

Several hedge funds recently made changes to their positions in OZM. Robeco Institutional Asset Management B.V. bought a new stake in shares of Och-Ziff Capital Management Group during the fourth quarter valued at about $1,246,000. Gabelli Funds LLC raised its stake 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 during the period. Marshall Wace LLP bought a new stake in shares of 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 shares of 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.