BidaskClub upgraded shares of Och-Ziff Capital Management Group LLC (NYSE:OZM) from a hold rating to a buy rating in a report issued on Wednesday.

OZM has been the topic of a number of other research reports. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $2.50 target price on shares of Och-Ziff Capital Management Group in a research report on Thursday, July 6th. ValuEngine cut shares of Och-Ziff Capital Management Group from a buy rating to a hold rating in a research report on Friday, June 2nd. Finally, Jefferies Group LLC reissued a hold rating and set a $2.50 price target on shares of Och-Ziff Capital Management Group in a research report on Wednesday, June 28th. Seven research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Och-Ziff Capital Management Group presently has a consensus rating of Hold and an average price target of $3.66.

Och-Ziff Capital Management Group (NYSE OZM) opened at 3.02 on Wednesday. The company has a 50-day moving average of $2.40 and a 200 day moving average of $2.71. The stock’s market cap is $559.08 million. Och-Ziff Capital Management Group has a 1-year low of $2.15 and a 1-year high of $4.78.

Och-Ziff Capital Management Group (NYSE:OZM) last posted its earnings results on Tuesday, May 2nd. The asset manager reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.05. Och-Ziff Capital Management Group had a negative net margin of 8.27% and a negative return on equity of 41.72%. The company had revenue of $133.21 million for the quarter, compared to analysts’ expectations of $104.31 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. Och-Ziff Capital Management Group’s revenue for the quarter was down 24.1% compared to the same quarter last year. Analysts predict that Och-Ziff Capital Management Group will post $0.44 EPS for the current year.

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Hedge funds have recently added to or reduced their stakes in the company. Credit Suisse AG purchased a new stake in Och-Ziff Capital Management Group during the first quarter worth $226,000. Jane Street Group LLC raised its stake in Och-Ziff Capital Management Group by 292.1% in the first quarter. Jane Street Group LLC now owns 51,007 shares of the asset manager’s stock worth $115,000 after buying an additional 37,999 shares during the last quarter. Sterneck Capital Management LLC raised its stake in Och-Ziff Capital Management Group by 269.8% in the first quarter. Sterneck Capital Management LLC now owns 404,878 shares of the asset manager’s stock worth $915,000 after buying an additional 295,398 shares during the last quarter. Bank of America Corp DE raised its stake in Och-Ziff Capital Management Group by 10.3% in the first quarter. Bank of America Corp DE now owns 3,785,923 shares of the asset manager’s stock worth $8,556,000 after buying an additional 353,276 shares during the last quarter. Finally, Continental Advisors LLC raised its stake in Och-Ziff Capital Management Group by 98.9% in the first quarter. Continental Advisors LLC now owns 2,069,193 shares of the asset manager’s stock worth $4,676,000 after buying an additional 1,029,022 shares during the last quarter. Hedge funds and other institutional investors own 53.38% of the company’s stock.

Och-Ziff Capital Management Group Company Profile

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 real estate business.

Analyst Recommendations for Och-Ziff Capital Management Group (NYSE:OZM)

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