Searle & CO. boosted its position in Och-Ziff Capital Management Group LLC (NYSE:OZM) by 65.9% during the second quarter, Holdings Channel reports. The firm owned 100,700 shares of the asset manager’s stock after buying an additional 40,000 shares during the period. Searle & CO.’s holdings in Och-Ziff Capital Management Group were worth $258,000 as of its most recent filing with the SEC.
Other hedge funds have also recently made changes to their positions in the company. Jane Street Group LLC raised its stake in shares of 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 worth $115,000 after buying an additional 37,999 shares during the period. Two Sigma Investments LP purchased a new stake in shares of Och-Ziff Capital Management Group during the fourth quarter worth about $183,000. Usca Ria LLC purchased a new stake in shares of Och-Ziff Capital Management Group during the first quarter worth about $134,000. Gamco Investors INC. ET AL raised its stake in shares of 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 worth $224,000 after buying an additional 76,600 shares during the period. Finally, Credit Suisse AG purchased a new stake in shares of Och-Ziff Capital Management Group during the first quarter worth about $226,000. Hedge funds and other institutional investors own 53.38% of the company’s stock.
Shares of Och-Ziff Capital Management Group LLC (NYSE:OZM) traded down 0.65% during trading on Friday, hitting $3.06. 81,881 shares of the company’s stock were exchanged. Och-Ziff Capital Management Group LLC has a 1-year low of $2.15 and a 1-year high of $4.78. The stock’s 50 day moving average is $2.62 and its 200 day moving average is $2.69. The firm’s market capitalization is $566.49 million.
Och-Ziff Capital Management Group (NYSE:OZM) last posted its earnings results on Tuesday, May 2nd. The asset manager reported $0.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.05. The company had revenue of $133.21 million during the quarter, compared to the consensus estimate of $104.31 million. Och-Ziff Capital Management Group had a negative net margin of 8.27% and a negative return on equity of 41.72%. The company’s revenue for the quarter was down 24.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.11 earnings per share. On average, equities research analysts forecast that Och-Ziff Capital Management Group LLC will post $0.44 earnings per share for the current year.
A number of equities analysts have weighed in on OZM shares. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $2.50 price target on shares of Och-Ziff Capital Management Group in a report on Thursday, July 6th. BidaskClub upgraded shares of Och-Ziff Capital Management Group from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Zacks Investment Research upgraded shares of 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. Jefferies Group LLC reiterated a “hold” rating and issued a $2.50 price target on shares of Och-Ziff Capital Management Group in a report on Wednesday, June 28th. Finally, ValuEngine lowered shares of Och-Ziff Capital Management Group from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Seven equities research 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 stock presently has a consensus rating of “Hold” and an average price target of $3.66.
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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