Och-Ziff Capital Management Group LLC (OZM) Shares Up 6.6%
Och-Ziff Capital Management Group LLC (NYSE:OZM) was up 6.6% on Thursday . The stock traded as high as $4.34 and last traded at $4.20, with a volume of 1,209,018 shares traded. The stock had previously closed at $3.94.
Several equities research analysts have weighed in on OZM shares. Jefferies Group reaffirmed a “buy” rating and set a $5.50 price target on shares of Och-Ziff Capital Management Group in a research report on Wednesday, May 4th. Keefe, Bruyette & Woods downgraded Och-Ziff Capital Management Group from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $5.50 to $4.50 in a research report on Monday, July 11th. RBC Capital Markets set a $5.00 price target on Och-Ziff Capital Management Group and gave the stock a “buy” rating in a research report on Thursday, July 21st. Compass Point reaffirmed a “neutral” rating and set a $4.00 price target (down from $5.00) on shares of Och-Ziff Capital Management Group in a research report on Wednesday, May 4th. Finally, Royal Bank Of Canada cut their price target on Och-Ziff Capital Management Group from $7.00 to $5.00 and set an “outperform” rating on the stock in a research report on Thursday, July 21st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $6.01.
The firm’s 50-day moving average price is $3.56 and its 200 day moving average price is $3.96. The company’s market cap is $762.11 million.
Och-Ziff Capital Management Group (NYSE:OZM) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.01. The firm had revenue of $152.55 million for the quarter, compared to the consensus estimate of $144.40 million. During the same quarter in the prior year, the firm posted $0.18 EPS. The business’s revenue was down 52.5% on a year-over-year basis. On average, equities research analysts anticipate that Och-Ziff Capital Management Group LLC will post ($0.58) earnings per share for the current fiscal year.
An institutional investor recently bought a new position in Och-Ziff Capital Management Group stock. Marshall Wace LLP acquired a new stake in shares of Och-Ziff Capital Management Group LLC (NYSE:OZM) during the fourth quarter, according to its most recent filing with the SEC. The institutional investor acquired 811,575 shares of the company’s stock, valued at approximately $5,056,000. Marshall Wace LLP owned about 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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