Och-Ziff Capital Management Group (NYSE:OZM) was upgraded by Zacks Investment Research from a “sell” rating to a “buy” rating in a research note issued to investors on Saturday. The firm presently has a $2.75 target price on the asset manager’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 3.38% from the company’s previous close.
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 equities research analysts also recently commented on OZM. Citigroup upgraded Och-Ziff Capital Management Group from a “neutral” rating to a “buy” rating and lifted their target price for the company from $2.90 to $4.50 in a research report on Tuesday, February 20th. ValuEngine downgraded Och-Ziff Capital Management Group from a “buy” rating to a “hold” rating in a research report on Saturday, November 4th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Och-Ziff Capital Management Group presently has a consensus rating of “Hold” and an average target price of $3.50.
Och-Ziff Capital Management Group (NYSE:OZM) last announced its quarterly earnings data on Friday, February 16th. The asset manager reported $0.27 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.06. Och-Ziff Capital Management Group had a negative return on equity of 116.11% and a net margin of 2.46%. The firm had revenue of $438.24 million for the quarter, compared to the consensus estimate of $450.09 million. During the same quarter last year, the business posted $0.01 earnings per share. The firm’s revenue was up 55.8% compared to the same quarter last year. analysts forecast that Och-Ziff Capital Management Group will post 0.4 EPS for the current year.
In other Och-Ziff Capital Management Group news, CAO Erez Elisha sold 47,699 shares of Och-Ziff Capital Management Group stock in a transaction on Friday, 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 filing with the SEC, which is available at this link. 60.25% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the business. Citadel Advisors LLC raised its position in Och-Ziff Capital Management Group by 677.8% in the fourth quarter. Citadel Advisors LLC now owns 48,225 shares of the asset manager’s stock valued at $121,000 after purchasing an additional 42,025 shares during the period. LPL Financial LLC grew its stake in shares of Och-Ziff Capital Management Group by 125.2% in the fourth quarter. LPL Financial LLC now owns 53,958 shares of the asset manager’s stock valued at $135,000 after buying an additional 30,000 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its stake in shares of Och-Ziff Capital Management Group by 91.9% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 60,283 shares of the asset manager’s stock valued at $194,000 after buying an additional 28,873 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Och-Ziff Capital Management Group in the fourth quarter valued at $174,000. Finally, Bourgeon Capital Management LLC grew its stake in shares of Och-Ziff Capital Management Group by 250.0% in the fourth quarter. Bourgeon Capital Management LLC now owns 70,000 shares of the asset manager’s stock valued at $175,000 after buying an additional 50,000 shares in the last quarter. Institutional investors own 16.99% of the company’s stock.
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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.
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