Och-Ziff Capital Management Group LLC (OZM) Stock Price Up 13.4%
Och-Ziff Capital Management Group LLC (NYSE:OZM)’s share price rose 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 trading hands. The stock had previously closed at $3.35.
OZM has been the topic of several research reports. Jefferies Group reaffirmed a “buy” rating on shares of Och-Ziff Capital Management Group in a research report on Wednesday, April 6th. Citigroup Inc. reaffirmed a “hold” rating on shares of Och-Ziff Capital Management Group in a research report on Tuesday, April 12th. Compass Point reaffirmed a “neutral” rating and issued a $4.00 target price (down previously from $5.00) on shares of Och-Ziff Capital Management Group in a research report on Wednesday, May 4th. Royal Bank Of Canada decreased their target price 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. Finally, Bank of America Corp. downgraded Och-Ziff Capital Management Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 28th. Two equities 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 currently has a consensus rating of “Hold” and an average price target of $6.81.
The company’s market capitalization is $683.70 million. The stock’s 50 day moving average is $3.63 and its 200 day moving average is $4.07.
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 the Thomson Reuters’ consensus estimate of $0.07 by $0.01. The company had revenue of $152.55 million for the quarter, compared to analyst estimates of $144.40 million. During the same quarter last year, the firm posted $0.18 earnings per share. The business’s quarterly revenue was down 52.5% compared to the same quarter last year. On average, equities analysts predict that Och-Ziff Capital Management Group LLC will post ($0.08) EPS for the current year.
Several institutional investors have recently bought and sold shares of the company. Gabelli Funds LLC boosted its position 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. Robeco Institutional Asset Management B.V. purchased a new position in Och-Ziff Capital Management Group during the fourth quarter valued at approximately $1,246,000. Marshall Wace LLP purchased a new position in Och-Ziff Capital Management Group during the fourth quarter valued at approximately $5,056,000. Finally, State of New Jersey Common Pension Fund D purchased a new position in Och-Ziff Capital Management Group during the fourth quarter valued at approximately $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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