Och-Ziff Capital Management Group LLC (NYSE:OZM) was upgraded by Citigroup Inc. from a “sell” rating to a “neutral” rating in a research note issued on Monday. The brokerage currently has a $3.00 target price on the stock. Citigroup Inc.’s price target would indicate a potential upside of 0.67% from the stock’s current price.
OZM has been the topic of a number of other reports. Compass Point raised 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. Keefe, Bruyette & Woods set a $4.00 price target on Och-Ziff Capital Management Group and gave the company a “hold” rating in a report on Friday, October 14th. Royal Bank Of Canada lowered their price target on 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. Credit Suisse Group AG reissued 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. Finally, Zacks Investment Research raised Och-Ziff Capital Management Group from a “sell” rating to a “hold” rating in a report on Saturday, November 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $4.13.
Och-Ziff Capital Management Group (NYSE:OZM) opened at 2.98 on Monday. The firm’s market cap is $541.48 million. Och-Ziff Capital Management Group has a 52 week low of $2.81 and a 52 week high of $7.28. The company has a 50-day moving average of $3.21 and a 200 day moving average of $3.67.
Och-Ziff Capital Management Group (NYSE:OZM) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.04. The business had revenue of $138.80 million for the quarter, compared to analyst estimates of $135.10 million. Och-Ziff Capital Management Group’s revenue for the quarter was down 31.4% on a year-over-year basis. During the same period last year, the business posted $0.13 earnings per share. On average, equities analysts predict that Och-Ziff Capital Management Group will post ($0.24) earnings per share for the current year.
Several institutional investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD raised its position in Och-Ziff Capital Management Group by 5.2% in the third quarter. Price T Rowe Associates Inc. MD now owns 18,120,583 shares of the company’s stock worth $78,643,000 after buying an additional 900,832 shares during the period. Blue Ridge Capital L.L.C. bought a new position in Och-Ziff Capital Management Group during the second quarter worth $33,592,000. JPMorgan Chase & Co. raised its position in Och-Ziff Capital Management Group by 49.6% in the third quarter. JPMorgan Chase & Co. now owns 4,772,358 shares of the company’s stock worth $20,712,000 after buying an additional 1,582,140 shares during the period. Springhouse Capital Management LP raised its position in Och-Ziff Capital Management Group by 33.7% in the third quarter. Springhouse Capital Management LP now owns 2,190,311 shares of the company’s stock worth $9,506,000 after buying an additional 551,687 shares during the period. Finally, Marshall Wace LLP raised its position in Och-Ziff Capital Management Group by 62.9% in the second quarter. Marshall Wace LLP now owns 1,964,022 shares of the company’s stock worth $7,464,000 after buying an additional 758,352 shares during the period.
Och-Ziff Capital Management Group Company Profile