Och-Ziff Capital Management Group LLC (NYSE:OZM) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report released on Friday. The brokerage presently has a $3.25 target price on the asset manager’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 4.84% 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. “

OZM has been the subject of several other research reports. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $2.50 price objective on shares of Och-Ziff Capital Management Group in a research report on Thursday, July 6th. ValuEngine cut Och-Ziff Capital Management Group from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Jefferies Group LLC reiterated a “hold” rating and issued a $2.50 price objective on shares of Och-Ziff Capital Management Group in a research report on Wednesday, June 28th. Finally, BidaskClub upgraded Och-Ziff Capital Management Group from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Seven analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $3.66.

Shares of Och-Ziff Capital Management Group (OZM) opened at 3.10 on Friday. The company has a 50-day moving average of $2.40 and a 200-day moving average of $2.71. The firm’s market cap is $573.89 million. Och-Ziff Capital Management Group has a 1-year low of $2.15 and a 1-year high of $4.78.

Och-Ziff Capital Management Group (NYSE:OZM) last released its quarterly earnings data on Tuesday, May 2nd. The asset manager reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.05. The firm had revenue of $133.21 million during the quarter, compared to analysts’ expectations of $104.31 million. Och-Ziff Capital Management Group had a negative return on equity of 41.72% and a negative net margin of 8.27%. Och-Ziff Capital Management Group’s revenue was down 24.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.11 earnings per share. Analysts predict that Och-Ziff Capital Management Group will post $0.44 earnings per share for the current fiscal year.

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A number of hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC raised its stake in Och-Ziff Capital Management Group by 292.1% in the first quarter. Jane Street Group LLC now owns 51,007 shares of the asset manager’s stock valued at $115,000 after buying an additional 37,999 shares during the period. Two Sigma Investments LP purchased a new stake in Och-Ziff Capital Management Group during the fourth quarter valued at $183,000. Usca Ria LLC purchased a new stake in Och-Ziff Capital Management Group during the first quarter valued at $134,000. Searle & CO. purchased a new stake in Och-Ziff Capital Management Group during the first quarter valued at $137,000. Finally, Gamco Investors INC. ET AL raised its stake in Och-Ziff Capital Management Group by 337.4% in the first quarter. Gamco Investors INC. ET AL now owns 99,300 shares of the asset manager’s stock valued at $224,000 after buying an additional 76,600 shares during the period. 53.38% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for Och-Ziff Capital Management Group (NYSE:OZM)

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