Och-Ziff Capital Management Group LLC (OZM) Receives $3.25 Consensus Target Price from Brokerages

Och-Ziff Capital Management Group LLC (NYSE:OZM) has received an average recommendation of “Hold” from the seven research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $3.25.

Several analysts have issued reports on the company. Zacks Investment Research cut Och-Ziff Capital Management Group from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th. ValuEngine cut Och-Ziff Capital Management Group from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, Jefferies Group raised their price objective on Och-Ziff Capital Management Group from $3.00 to $3.50 and gave the stock a “hold” rating in a research report on Wednesday, October 4th.

Shares of Och-Ziff Capital Management Group (OZM) traded up $0.03 during midday trading on Friday, reaching $2.69. The company’s stock had a trading volume of 315,977 shares, compared to its average volume of 439,471. The company has a debt-to-equity ratio of -2.61, a current ratio of 1.57 and a quick ratio of 1.57. The company has a market cap of $1,370.00, a PE ratio of 33.63 and a beta of 1.23. Och-Ziff Capital Management Group has a 1-year low of $2.15 and a 1-year high of $3.95.

Och-Ziff Capital Management Group (NYSE:OZM) last announced its 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 for 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 business’s revenue for the quarter was down 9.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.05 EPS. analysts forecast that Och-Ziff Capital Management Group will post 0.21 EPS for the current year.

In other news, CAO Erez Elisha sold 47,699 shares of the firm’s stock in a transaction 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 at this hyperlink. 60.25% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of the company. Searle & CO. boosted its position in shares of Och-Ziff Capital Management Group by 27.1% in the 4th quarter. Searle & CO. now owns 131,200 shares of the asset manager’s stock worth $328,000 after purchasing an additional 28,000 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Och-Ziff Capital Management Group in the 3rd quarter worth $737,000. Continental Advisors LLC raised its stake in 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 stake in 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. Finally, Wells Fargo & Company MN raised its stake in 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. 17.14% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: This piece was first posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece on another domain, it was illegally stolen and reposted in violation of US & international copyright legislation. The original version of this piece can be accessed at https://www.com-unik.info/2018/01/22/och-ziff-capital-management-group-llc-ozm-receives-3-25-consensus-target-price-from-brokerages.html.

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.

Receive News & Ratings for Och-Ziff Capital Management Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Och-Ziff Capital Management Group and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit