Och-Ziff Capital Management Group (OZM) Stock Rating Upgraded by Citigroup

Och-Ziff Capital Management Group (NYSE:OZM) was upgraded by stock analysts at Citigroup from a “neutral” rating to a “buy” rating in a note issued to investors on Tuesday, The Fly reports.

A number of other research firms also recently commented on OZM. ValuEngine downgraded Och-Ziff Capital Management Group from a “buy” rating to a “hold” rating in a research note on Saturday, November 4th. Zacks Investment Research raised Och-Ziff Capital Management Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. Och-Ziff Capital Management Group currently has a consensus rating of “Hold” and an average target price of $3.17.

Och-Ziff Capital Management Group (NYSE OZM) opened at $2.59 on Tuesday. The company has a market capitalization of $1,359.17, a PE ratio of 28.78 and a beta of 1.21. Och-Ziff Capital Management Group has a 52 week low of $2.15 and a 52 week high of $3.95. The company has a debt-to-equity ratio of -2.61, a current ratio of 1.57 and a quick ratio of 1.57.

Och-Ziff Capital Management Group (NYSE:OZM) last posted its quarterly earnings results on Friday, February 16th. The asset manager reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.06. The business had revenue of $438.24 million during the quarter, compared to the consensus estimate of $450.09 million. Och-Ziff Capital Management Group had a negative return on equity of 116.11% and a net margin of 2.46%. Och-Ziff Capital Management Group’s revenue for the quarter was up 55.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.01 earnings per share. equities analysts expect that Och-Ziff Capital Management Group will post 0.3 EPS for the current year.

In other Och-Ziff Capital Management Group news, CAO Erez Elisha sold 47,699 shares of the business’s stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $2.51, for a total transaction of $119,724.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 60.25% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Glacier Peak Capital LLC raised its stake in Och-Ziff Capital Management Group by 24.3% during the fourth quarter. Glacier Peak Capital LLC now owns 2,587,540 shares of the asset manager’s stock worth $8,332,000 after acquiring an additional 505,185 shares in the last quarter. LPL Financial LLC raised its stake in Och-Ziff Capital Management Group by 125.2% during the fourth quarter. LPL Financial LLC now owns 53,958 shares of the asset manager’s stock worth $135,000 after acquiring an additional 30,000 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Och-Ziff Capital Management Group by 106.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,917,174 shares of the asset manager’s stock worth $4,793,000 after acquiring an additional 989,191 shares in the last quarter. Credit Capital Investments LLC raised its stake in Och-Ziff Capital Management Group by 29.1% during the fourth quarter. Credit Capital Investments LLC now owns 193,626 shares of the asset manager’s stock worth $484,000 after acquiring an additional 43,626 shares in the last quarter. Finally, Deutsche Bank AG raised its stake in Och-Ziff Capital Management Group by 173.2% during the fourth quarter. Deutsche Bank AG now owns 2,444,399 shares of the asset manager’s stock worth $6,110,000 after acquiring an additional 1,549,568 shares in the last quarter. 16.99% of the stock is owned by hedge funds and other institutional investors.

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About Och-Ziff Capital Management Group

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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