Och-Ziff Capital Management Group LLC (OZM) Trading 6.6% Higher
Och-Ziff Capital Management Group LLC (NYSE:OZM) traded up 6.6% on Thursday . The company traded as high as $4.34 and last traded at $4.20, with a volume of 1,209,018 shares. The stock had previously closed at $3.94.
A number of equities research analysts have recently weighed in on the company. Bank of America Corp. lowered Och-Ziff Capital Management Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 28th. Credit Suisse Group AG restated a “hold” rating and set a $4.60 price target on shares of Och-Ziff Capital Management Group in a research note on Wednesday, August 3rd. Royal Bank Of Canada dropped their price target on Och-Ziff Capital Management Group from $8.00 to $7.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 31st. Compass Point restated a “neutral” rating and set a $4.00 price target (down previously from $5.00) on shares of Och-Ziff Capital Management Group in a research note on Wednesday, May 4th. Finally, 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 note on Thursday, July 21st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Och-Ziff Capital Management Group presently has a consensus rating of “Hold” and an average price target of $6.01.
The company has a 50 day moving average of $3.57 and a 200-day moving average of $3.95. The company’s market cap is $722.19 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 analysts’ consensus estimates of $0.07 by $0.01. The business earned $152.55 million during the quarter, compared to the consensus estimate of $144.40 million. During the same quarter in the prior year, the company earned $0.18 earnings per share. Och-Ziff Capital Management Group’s quarterly revenue was down 52.5% compared to the same quarter last year. Equities research analysts forecast that Och-Ziff Capital Management Group LLC will post ($0.58) earnings per share for the current year.
A hedge fund recently bought a new stake in Och-Ziff Capital Management Group stock. State of New Jersey Common Pension Fund D bought a new stake 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 firm bought 1,075,000 shares of the company’s stock, valued at approximately $6,697,000. State of New Jersey Common Pension Fund D owned about 0.61% of Och-Ziff Capital Management Group at the end of the most recent reporting period.
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.