Och-Ziff Capital Management Group LLC (NYSE:OZM) shares shot up 14.6% on Monday . The company traded as high as $3.87 and last traded at $3.69. 1,578,073 shares changed hands during mid-day trading, an increase of 170% from the average session volume of 584,041 shares. The stock had previously closed at $3.22.

A number of brokerages have recently commented on OZM. Keefe, Bruyette & Woods restated a “hold” rating and issued 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. Zacks Investment Research raised Och-Ziff Capital Management Group from a “hold” rating to a “strong-buy” rating and set a $3.25 target price on the stock in a research report on Friday, July 14th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $2.50 target price on shares of Och-Ziff Capital Management Group in a research report on Wednesday, June 28th. Seven research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. Och-Ziff Capital Management Group presently has a consensus rating of “Hold” and a consensus target price of $3.00.

The stock’s 50 day moving average is $2.98 and its 200 day moving average is $2.65. The stock’s market capitalization is $679.75 million.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Jane Street Group LLC lifted its holdings in Och-Ziff Capital Management Group by 292.1% during the first quarter. Jane Street Group LLC now owns 51,007 shares of the asset manager’s stock worth $115,000 after acquiring an additional 37,999 shares during the period. Marshall Wace North America L.P. bought a new position in shares of Och-Ziff Capital Management Group during the 2nd quarter valued at approximately $162,000. K.J. Harrison & Partners Inc bought a new position in shares of Och-Ziff Capital Management Group during the 2nd quarter valued at approximately $155,000. Nationwide Fund Advisors bought a new position in shares of Och-Ziff Capital Management Group during the 2nd quarter valued at approximately $193,000. Finally, Credit Suisse AG bought a new position in shares of Och-Ziff Capital Management Group during the 1st quarter valued at approximately $226,000. Hedge funds and other institutional investors own 17.03% of the company’s stock.

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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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