Sculptor Capital Management (NYSE:SCU) Upgraded by Zacks Investment Research to Strong-Buy
Zacks Investment Research upgraded shares of Sculptor Capital Management (NYSE:SCU) from a hold rating to a strong-buy rating in a research report sent to investors on Wednesday morning, Zacks.com reports. They currently have $20.00 target price on the stock.
According to Zacks, “Sculptor Capital Management Inc. is an asset management firm providing investment products which includes multi-strategy, credit and real estate. It operates primarily in New York, London, Hong Kong and Shanghai. Sculptor Capital Management Inc., formerly known as Och-Ziff Capital Management Group Inc., is based in New York, United States. “
Shares of SCU traded up $0.67 during mid-day trading on Wednesday, hitting $16.40. The stock had a trading volume of 8,763 shares, compared to its average volume of 179,046. The firm has a market cap of $859.74 million, a PE ratio of 14.02 and a beta of 1.08. The company has a debt-to-equity ratio of 3.08, a current ratio of 2.26 and a quick ratio of 2.26. Sculptor Capital Management has a 52 week low of $8.60 and a 52 week high of $25.49.
In related news, insider David Michael Levine sold 2,801 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $22.14, for a total transaction of $62,014.14. Insiders own 60.59% of the company’s stock.
Sculptor Capital Management Company Profile
Sculptor Capital Management, Inc is a publicly owned hedge fund sponsor. The firm provides investment advisory services to its clients. It primarily caters to institutional investors, which include pension funds, fund-of-funds, foundations and endowments, corporations and other institutions, private banks and family offices.
Further Reading: Average Daily Trade Volume – What You Need to Know
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Sculptor Capital Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sculptor Capital Management and related companies with MarketBeat.com's FREE daily email newsletter.