Och-Ziff Capital Management Group LLC (OZM) Stock Rating Lowered by ValuEngine

Och-Ziff Capital Management Group LLC (NYSE:OZM) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Saturday, November 4th.

A number of other research analysts also recently commented on the company. Zacks Investment Research downgraded Och-Ziff Capital Management Group from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Jefferies Group LLC increased their target price on Och-Ziff Capital Management Group from $3.00 to $3.50 and gave the stock a “hold” rating in a report on Wednesday, October 4th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $3.25 target price on shares of Och-Ziff Capital Management Group in a report on Tuesday, September 5th. Finally, BidaskClub downgraded Och-Ziff Capital Management Group from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Seven investment analysts have rated the stock with a hold rating, Och-Ziff Capital Management Group currently has an average rating of “Hold” and an average target price of $3.25.

Shares of Och-Ziff Capital Management Group (OZM) traded down $0.02 during midday trading on Friday, hitting $3.09. The stock had a trading volume of 333,700 shares, compared to its average volume of 772,881. Och-Ziff Capital Management Group has a 52 week low of $2.15 and a 52 week high of $3.95. The company has a debt-to-equity ratio of -2.61, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a market capitalization of $1,632.05, a P/E ratio of 12.44 and a beta of 1.33.

Och-Ziff Capital Management Group (NYSE:OZM) last issued its quarterly earnings results on Thursday, November 2nd. The asset manager reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. The firm had revenue of $125.26 million during the quarter, compared to the consensus estimate of $101.92 million. Och-Ziff Capital Management Group had a negative return on equity of 54.57% and a net margin of 3.35%. Och-Ziff Capital Management Group’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.05 earnings per share. sell-side analysts expect that Och-Ziff Capital Management Group will post 0.2 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This article was first reported by BBNS and is the property of of BBNS. If you are accessing this article on another domain, it was illegally copied and reposted in violation of U.S. & international copyright & trademark law. The legal version of this article can be viewed at https://baseballnewssource.com/markets/och-ziff-capital-management-group-llc-ozm-rating-lowered-to-hold-at-valuengine/1758831.html.

Institutional investors have recently made changes to their positions in the company. Bank of America Corp DE raised its position in shares of Och-Ziff Capital Management Group by 10.3% during the 1st quarter. Bank of America Corp DE now owns 3,785,923 shares of the asset manager’s stock worth $8,556,000 after purchasing an additional 353,276 shares during the period. Quinn Opportunity Partners LLC raised its position in shares of Och-Ziff Capital Management Group by 22.1% during the 2nd quarter. Quinn Opportunity Partners LLC now owns 1,335,088 shares of the asset manager’s stock worth $3,418,000 after purchasing an additional 241,500 shares during the period. California Public Employees Retirement System raised its position in shares of Och-Ziff Capital Management Group by 565.9% during the 2nd quarter. California Public Employees Retirement System now owns 606,000 shares of the asset manager’s stock worth $1,551,000 after purchasing an additional 515,000 shares during the period. Artemis Investment Management LLP raised its position in shares of Och-Ziff Capital Management Group by 69.0% during the 2nd quarter. Artemis Investment Management LLP now owns 2,740,000 shares of the asset manager’s stock worth $7,001,000 after purchasing an additional 1,118,975 shares during the period. Finally, Odey Asset Management Group Ltd increased its position in Och-Ziff Capital Management Group by 1.3% in the 2nd quarter. Odey Asset Management Group Ltd now owns 7,211,519 shares of the asset manager’s stock valued at $18,461,000 after acquiring an additional 91,000 shares during the period. Institutional investors and hedge funds own 16.94% of the company’s stock.

About Och-Ziff Capital Management Group

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Och-Ziff Capital Management Group LLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Och-Ziff Capital Management Group LLC and related companies with our FREE daily email newsletter.

 


Latest News

Manny Machado Could Change Positions or Uniforms
Manny Machado Could Change Positions or Uniforms
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle
Report: Astros Dallas Keuchel Pitched With Injured Foot
Report: Astros Dallas Keuchel Pitched With Injured Foot
Angels Sign Former Prospect with Braves Kevin Maitan
Angels Sign Former Prospect with Braves Kevin Maitan


Leave a Reply

 
© 2006-2017 BBNS.