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

Och-Ziff Capital Management Group LLC (NYSE:OZM) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued 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 brokerages also recently commented on OZM. Keefe, Bruyette & Woods restated a “hold” rating and set a $3.25 price objective on shares of Och-Ziff Capital Management Group in a research report on Tuesday, September 5th. Jefferies Group LLC increased their price objective on Och-Ziff Capital Management Group from $3.00 to $3.50 and gave the company 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. Finally, BidaskClub raised shares of Och-Ziff Capital Management Group from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Seven equities research analysts have rated the stock with a hold rating, Och-Ziff Capital Management Group currently has an average rating of “Hold” and a consensus target price of $3.25.

Och-Ziff Capital Management Group (NYSE OZM) traded down $0.01 during trading on Wednesday, reaching $3.12. The company had a trading volume of 352,100 shares, compared to its average volume of 776,647. Och-Ziff Capital Management Group has a fifty-two week low of $2.15 and a fifty-two week high of $3.95. The company has a market capitalization of $1,640.00, a PE ratio of 12.52 and a beta of 1.33. The company has a debt-to-equity ratio of -2.61, a current ratio of 1.57 and a quick ratio of 1.57.

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 (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.04. The business had revenue of $125.26 million during the quarter, compared to analysts’ expectations 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 firm’s revenue for the quarter was down 9.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.05 earnings per share. sell-side analysts anticipate that Och-Ziff Capital Management Group will post 0.2 earnings per share for the current year.

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Several institutional investors and hedge funds have recently bought and sold shares of the stock. GSA Capital Partners LLP acquired a new stake in shares of Och-Ziff Capital Management Group in the 3rd quarter worth about $737,000. Continental Advisors LLC raised its holdings in shares of Och-Ziff Capital Management Group by 1.9% in the 3rd quarter. Continental Advisors LLC now owns 2,147,593 shares of the asset manager’s stock worth $6,915,000 after acquiring an additional 40,000 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Och-Ziff Capital Management Group by 91.9% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 60,283 shares of the asset manager’s stock worth $194,000 after acquiring an additional 28,873 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Och-Ziff Capital Management Group by 437.2% in the 3rd quarter. Wells Fargo & Company MN now owns 247,235 shares of the asset manager’s stock worth $796,000 after acquiring an additional 201,215 shares during the last quarter. Finally, Advisor Group Inc. acquired a new stake in shares of Och-Ziff Capital Management Group in the 3rd quarter worth about $258,000. Institutional investors own 16.94% 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.

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