Och-Ziff Capital Management Group LLC (OZM) Trading Down 3.6%
Och-Ziff Capital Management Group LLC (NYSE:OZM) shares fell 3.6% on Friday . The stock traded as low as $3.87 and last traded at $4.05, with a volume of 713,119 shares trading hands. The stock had previously closed at $4.20.
A number of analysts have recently commented on the company. Bank of America Corp. downgraded Och-Ziff Capital Management Group from a “buy” rating to a “neutral” rating in a report on Tuesday, June 28th. Credit Suisse Group AG restated a “hold” rating and set a $4.60 price objective on shares of Och-Ziff Capital Management Group in a report on Wednesday, August 3rd. Royal Bank Of Canada dropped their price objective 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. Compass Point restated a “neutral” rating and set a $4.00 price objective (down from $5.00) on shares of Och-Ziff Capital Management Group in a report on Wednesday, May 4th. Finally, RBC Capital Markets set a $5.00 price objective on Och-Ziff Capital Management Group and gave the stock a “buy” rating in a report on Thursday, July 21st. 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 stock. The company currently has a consensus rating of “Hold” and a consensus price target of $6.01.
The firm’s market capitalization is $722.19 million. The firm has a 50 day moving average price of $3.56 and a 200 day moving average price of $3.96.
Och-Ziff Capital Management Group (NYSE:OZM) last released its earnings results 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. During the same period last year, the firm posted $0.18 EPS. The business had revenue of $152.55 million for the quarter, compared to the consensus estimate of $144.40 million. The firm’s quarterly revenue was down 52.5% on a year-over-year basis. Equities analysts anticipate that Och-Ziff Capital Management Group LLC will post ($0.58) earnings per share for the current year.
An institutional investor recently bought a new position in Och-Ziff Capital Management Group stock. Marshall Wace LLP bought a new position in Och-Ziff Capital Management Group LLC (NYSE:OZM) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 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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