Och-Ziff Capital Management Group LLC (NYSE:OZM) had its price target raised by investment analysts at Jefferies Group LLC from $3.00 to $3.50 in a research report issued on Wednesday. The brokerage presently has a “hold” rating on the asset manager’s stock. Jefferies Group LLC’s price target suggests a potential downside of 3.58% from the stock’s current price.

Several other equities analysts also recently commented on the company. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $3.25 price target on shares of Och-Ziff Capital Management Group in a report on Tuesday, September 5th. BidaskClub downgraded Och-Ziff Capital Management Group from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Finally, Zacks Investment Research upgraded Och-Ziff Capital Management Group from a “hold” rating to a “strong-buy” rating and set a $3.25 price target on the stock in a report on Friday, July 14th. Eight equities research analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and a consensus price target of $3.20.

Och-Ziff Capital Management Group (NYSE:OZM) traded down 1.38% on Wednesday, hitting $3.58. 173,286 shares of the stock were exchanged. Och-Ziff Capital Management Group has a one year low of $2.15 and a one year high of $3.87. The company’s 50 day moving average price is $3.02 and its 200-day moving average price is $2.67. The company’s market cap is $663.08 million.

Och-Ziff Capital Management Group (NYSE:OZM) last released its quarterly earnings data on Wednesday, August 2nd. The asset manager reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.08. Och-Ziff Capital Management Group had a negative return on equity of 55.73% and a net margin of 4.46%. The firm had revenue of $148.95 million for the quarter, compared to the consensus estimate of $90.65 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. Equities research analysts predict that Och-Ziff Capital Management Group will post $0.55 EPS for the current fiscal year.

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Several institutional investors have recently made changes to their positions in the company. Abrams Capital Management L.P. grew its stake in shares of Och-Ziff Capital Management Group by 17.4% in the first quarter. Abrams Capital Management L.P. now owns 22,238,592 shares of the asset manager’s stock worth $50,259,000 after acquiring an additional 3,288,600 shares during the last quarter. Odey Asset Management Group Ltd grew its stake in shares of Och-Ziff Capital Management Group by 1.3% in the second quarter. Odey Asset Management Group Ltd now owns 7,211,519 shares of the asset manager’s stock worth $18,461,000 after acquiring an additional 91,000 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Och-Ziff Capital Management Group by 10.3% in the first quarter. Bank of America Corp DE now owns 3,785,923 shares of the asset manager’s stock worth $8,556,000 after acquiring an additional 353,276 shares during the last quarter. Artemis Investment Management LLP grew its stake in shares of Och-Ziff Capital Management Group by 69.0% in the second quarter. Artemis Investment Management LLP now owns 2,740,000 shares of the asset manager’s stock worth $7,001,000 after acquiring an additional 1,118,975 shares during the last quarter. Finally, Continental Advisors LLC grew its stake in shares of Och-Ziff Capital Management Group by 98.9% in the first quarter. Continental Advisors LLC now owns 2,069,193 shares of the asset manager’s stock worth $4,676,000 after acquiring an additional 1,029,022 shares during the last quarter. Institutional investors and hedge funds own 17.03% of the company’s stock.

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.

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

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