Zacks Investment Research Upgrades Och-Ziff Capital Management Group LLC (OZM) to Hold

Och-Ziff Capital Management Group LLC (NYSE:OZM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday, November 8th.

According to Zacks, “Och-Ziff Capital Management Group LLC is a leading, global institutional alternative asset management firm. It seeks to deliver consistent positive risk-adjusted returns throughout market cycles, with a strong focus on risk management and capital preservation. Portfolio composition is determined by market opportunities rather than any predetermined commitment to investment discipline or geography. Our diversified, multi-strategy approach is based on global investment strategies, including merger arbitrage, convertible arbitrage, equity restructuring, credit and distressed investments, private investments and real estate. “

Several other research firms also recently commented on OZM. Jefferies Group LLC raised their price objective 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. ValuEngine downgraded Och-Ziff Capital Management Group from a “buy” rating to a “hold” rating in a report on Saturday, November 4th. BidaskClub downgraded Och-Ziff Capital Management Group from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $3.25 price objective on shares of Och-Ziff Capital Management Group in a report on Tuesday, September 5th. Seven equities research analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and a consensus price target of $3.25.

Shares of Och-Ziff Capital Management Group (NYSE OZM) traded down $0.03 during midday trading on Wednesday, hitting $3.07. The stock had a trading volume of 1,020,214 shares, compared to its average volume of 771,157. The company has a debt-to-equity ratio of -2.61, a quick ratio of 1.57 and a current ratio of 1.57. Och-Ziff Capital Management Group has a 12-month low of $2.15 and a 12-month high of $3.95. The stock has a market capitalization of $1,626.80, a P/E ratio of 12.40 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 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.04. The firm had revenue of $125.26 million for 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%. The company’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.05 earnings per share. research analysts expect that Och-Ziff Capital Management Group will post 0.2 EPS for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in OZM. Jane Street Group LLC boosted its position in Och-Ziff Capital Management Group by 292.1% during the 1st quarter. Jane Street Group LLC now owns 51,007 shares of the asset manager’s stock valued at $115,000 after acquiring an additional 37,999 shares in the last quarter. K.J. Harrison & Partners Inc bought a new stake in Och-Ziff Capital Management Group during the 2nd quarter valued at $155,000. Marshall Wace North America L.P. bought a new stake in Och-Ziff Capital Management Group during the 2nd quarter valued at $162,000. Nationwide Fund Advisors bought a new stake in Och-Ziff Capital Management Group during the 2nd quarter valued at $193,000. Finally, Hotchkis & Wiley Capital Management LLC boosted its position in Och-Ziff Capital Management Group by 91.9% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 60,283 shares of the asset manager’s stock valued at $194,000 after acquiring an additional 28,873 shares in the last quarter. 16.94% of the stock is currently owned by institutional investors and hedge funds.

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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.

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