Och-Ziff Capital Management Group LLC (OZM) Sees Large Volume Increase
Och-Ziff Capital Management Group LLC (NYSE:OZM) shares saw unusually-strong trading volume on Monday . Approximately 654,288 shares traded hands during mid-day trading, an increase of 20% from the previous session’s volume of 546,332 shares.The stock last traded at $3.65 and had previously closed at $3.62.
Several analysts recently issued reports on OZM shares. RBC Capital Markets set a $5.00 price target on shares of Och-Ziff Capital Management Group and gave the company a “buy” rating in a research report on Thursday, July 21st. Jefferies Group reissued a “buy” rating and issued a $5.50 price target on shares of Och-Ziff Capital Management Group in a research report on Wednesday, May 4th. Credit Suisse Group AG reissued a “hold” rating and issued a $4.60 price target on shares of Och-Ziff Capital Management Group in a research report on Wednesday, August 3rd. Keefe, Bruyette & Woods downgraded shares of Och-Ziff Capital Management Group from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $5.50 to $4.50 in a research report on Monday, July 11th. Finally, Bank of America Corp. downgraded 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, six have given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $6.01.
The stock’s market cap is $709.49 million. The stock’s 50 day moving average price is $3.55 and its 200 day moving average price is $3.96.
Och-Ziff Capital Management Group (NYSE:OZM) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by $0.01. The business earned $152.55 million during the quarter, compared to analyst estimates of $144.40 million. The company’s quarterly revenue was down 52.5% compared to the same quarter last year. During the same period last year, the business posted $0.18 EPS. On average, equities analysts anticipate that Och-Ziff Capital Management Group LLC will post ($0.58) earnings per share for the current fiscal year.
A hedge fund recently bought a new stake in Och-Ziff Capital Management Group stock. Marshall Wace LLP acquired a new position in Och-Ziff Capital Management Group LLC (NYSE:OZM) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 811,575 shares of the company’s stock, valued at approximately $5,056,000. Marshall Wace LLP owned 0.46% of Och-Ziff Capital Management Group at the end of the most recent 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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