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, 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.

Sculptor Capital Management (NYSE:SCU) last issued its earnings results on Friday, August 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.26. The firm had revenue of $97.44 million for the quarter, compared to analyst estimates of $77.45 million. Sculptor Capital Management had a positive return on equity of 115.16% and a negative net margin of 6.34%. Sell-side analysts anticipate that Sculptor Capital Management will post 2.13 earnings per share for the current fiscal year.

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

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