The Citigroup Inc. Reiterates “Sell” Rating for Och-Ziff Capital Management Group LLC (OZM)

The Citigroup Inc. Reiterates “Sell” Rating for Och-Ziff Capital Management Group LLC (OZM)

Och-Ziff Capital Management Group LLC (NYSE:OZM)‘s stock had its “sell” rating reissued by stock analysts at Citigroup Inc. in a research note issued to investors on Wednesday.

Other equities research analysts have also issued reports about the stock. Bank of America Corp. set a $5.00 price target on shares of Och-Ziff Capital Management Group and gave the company a “hold” rating in a report on Saturday, October 1st. Compass Point raised shares of Och-Ziff Capital Management Group from a “neutral” rating to a “buy” rating and set a $5.00 price target on the stock in a report on Thursday, September 29th. Credit Suisse Group AG reaffirmed a “hold” rating and set a $4.60 price target on shares of Och-Ziff Capital Management Group in a report on Wednesday, August 3rd. RBC Capital Markets set a $5.00 price target on shares of Och-Ziff Capital Management Group and gave the company a “buy” rating in a report on Thursday, July 21st. Finally, Royal Bank Of Canada decreased their price target on shares of Och-Ziff Capital Management Group from $7.00 to $5.00 and set an “outperform” rating on the stock in a report on Thursday, July 21st. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $5.28.

Shares of Och-Ziff Capital Management Group (NYSE:OZM) traded up 4.26% during trading on Wednesday, reaching $3.67. 1,337,604 shares of the company traded hands. The firm’s market capitalization is $665.94 million. The company has a 50 day moving average price of $3.98 and a 200 day moving average price of $3.84. Och-Ziff Capital Management Group has a 12-month low of $2.89 and a 12-month high of $8.05.

10/08/citigroup-inc-reiterates-sell-rating-for-och-ziff-capital-management-group-llc-ozm.html

Och-Ziff Capital Management Group (NYSE:OZM) last released its earnings results on Tuesday, August 2nd. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by $0.01. The business had revenue of $152.55 million for the quarter, compared to analysts’ expectations of $144.40 million. During the same quarter in the prior year, the company posted $0.18 earnings per share. The firm’s revenue for the quarter was down 52.5% on a year-over-year basis. On average, equities analysts predict that Och-Ziff Capital Management Group will post ($0.56) EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of OZM. JPMorgan Chase & Co. increased its position in Och-Ziff Capital Management Group by 11.3% in the first quarter. JPMorgan Chase & Co. now owns 1,257,991 shares of the company’s stock worth $5,472,000 after buying an additional 127,370 shares during the last quarter. Renaissance Technologies LLC increased its position in Och-Ziff Capital Management Group by 40.6% in the first quarter. Renaissance Technologies LLC now owns 241,000 shares of the company’s stock worth $1,048,000 after buying an additional 69,595 shares during the last quarter. Kamunting Street Capital Management L.P. increased its position in Och-Ziff Capital Management Group by 18.0% in the first quarter. Kamunting Street Capital Management L.P. now owns 658,907 shares of the company’s stock worth $2,867,000 after buying an additional 100,566 shares during the last quarter. Royal Bank of Canada increased its position in Och-Ziff Capital Management Group by 7.7% in the first quarter. Royal Bank of Canada now owns 27,517 shares of the company’s stock worth $119,000 after buying an additional 1,963 shares during the last quarter. Finally, Ruane Cunniff & Goldfarb Inc. increased its position in Och-Ziff Capital Management Group by 4.2% in the second quarter. Ruane Cunniff & Goldfarb Inc. now owns 781,620 shares of the company’s stock worth $2,970,000 after buying an additional 31,620 shares during the last quarter.

Och-Ziff Capital Management Group Company Profile

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