Zacks Investment Research upgraded shares of Och-Ziff Capital Management Group (NYSE:OZM) from a hold rating to a buy rating in a research note released on Thursday morning. Zacks Investment Research currently has $2.75 target price on the asset manager’s stock.
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. “
A number of other research analysts also recently weighed in on OZM. Jefferies Group raised their price target on Och-Ziff Capital Management Group from $3.00 to $3.50 and gave the company a hold rating in a research note on Wednesday, October 4th. ValuEngine downgraded Och-Ziff Capital Management Group from a buy rating to a hold rating in a research note on Saturday, November 4th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Och-Ziff Capital Management Group currently has a consensus rating of Hold and a consensus price target of $3.13.
Och-Ziff Capital Management Group (NYSE OZM) remained flat at $$2.79 during mid-day trading on Thursday. 697,100 shares of the company were exchanged, compared to its average volume of 721,767. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of -2.61. The stock has a market capitalization of $1,490.00, a P/E ratio of 34.88 and a beta of 1.23. Och-Ziff Capital Management Group has a one year low of $2.15 and a one year high of $3.95.
Och-Ziff Capital Management Group (NYSE:OZM) last posted its quarterly earnings results on Thursday, November 2nd. The asset manager reported $0.07 earnings per share for the quarter, beating the Zacks’ consensus estimate 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%. The business’s revenue was down 9.8% compared to the same quarter last year. During the same period last year, the company earned $0.05 earnings per share. sell-side analysts predict that Och-Ziff Capital Management Group will post 0.2 earnings per share for the current fiscal year.
In other news, CAO Erez Elisha sold 47,699 shares of the firm’s stock in a transaction that occurred on Saturday, December 29th. The stock was sold at an average price of $2.51, for a total value of $119,724.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 60.25% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in OZM. Credit Suisse AG acquired a new stake in shares of Och-Ziff Capital Management Group in the first quarter valued at approximately $226,000. Marshall Wace North America L.P. acquired a new stake in shares of Och-Ziff Capital Management Group in the second quarter valued at approximately $162,000. Nationwide Fund Advisors acquired a new stake in Och-Ziff Capital Management Group during the 2nd quarter worth approximately $193,000. Stonerise Capital Management LLC acquired a new stake in Och-Ziff Capital Management Group during the 2nd quarter worth approximately $2,474,000. Finally, California Public Employees Retirement System lifted its holdings in 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 last quarter. 17.14% of the stock is owned by institutional investors.
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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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