Och-Ziff Capital Management Group LLC (OZM) was Downgraded by Keefe Bruyette to ” Mkt Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Keefe Bruyette advised their investors in a research report released on Jul 11, 2016.
Many Wall Street Analysts have commented on Och-Ziff Capital Management Group LLC. Och-Ziff Capital Management Group LLC was Downgraded by BofA/Merrill to ” Neutral” on Jun 28, 2016. Shares were Reiterated by RBC Capital Mkts on May 31, 2016 to “Outperform” and Lowered the Price Target to $ 7 from a previous price target of $8 .Shares were Reiterated by Compass Point on May 4, 2016 to “Neutral” and Lowered the Price Target to $ 4 from a previous price target of $5 .
On the company’s financial health, Och-Ziff Capital Management Group LLC reported $0.11 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on May 3, 2016. Analyst had a consensus of $0.13. The company had revenue of $188.44 million for the quarter, compared to analysts expectations of $175.42 million. The company’s revenue was down -43.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.15 EPS.
Och-Ziff Capital Management Group LLC opened for trading at $3.63 and hit $3.74 on the upside on Friday, eventually ending the session at $3.67, with a gain of 1.66% or 0.06 points. The heightened volatility saw the trading volume jump to 6,14,313 shares. Company has a market cap of $1,757 M.
Och-Ziff Capital Management Group LLC (Och-Ziff) is a global institutional alternative asset manager. The Company provides asset management services through its funds which pursue a range of global investment opportunities. The Company offers customized solutions within and across its product platforms to help its fund investors meet their investment objectives. The Company operates through two segments: the Och-Ziff Funds segment and real estate business. The Och-Ziff Funds segment provides asset management services to its multi-strategy funds dedicated credit funds and other alternative investment vehicles. The Companys real estate business provides asset management services to its real estate funds. As of December 31 2014 the Company managed approximately $34.1 billion of assets under management in its multi-strategy funds or 72% of its total assets under management.