Och-Ziff Capital Management Group LLC (OZM) was Downgraded by Citigroup to ” Sell”. Earlier the firm had a rating of “Neutral ” on the company shares. Citigroup advised their investors in a research report released on Aug 25, 2016.
Many Wall Street Analysts have commented on Och-Ziff Capital Management Group LLC. Shares were Reiterated by RBC Capital Mkts on Jul 21, 2016 to “Outperform” and Lowered the Price Target to $ 5 from a previous price target of $7 .Och-Ziff Capital Management Group LLC was Downgraded by Jefferies to ” Hold” on Jul 12, 2016. Och-Ziff Capital Management Group LLC was Downgraded by Keefe Bruyette to ” Mkt Perform” on Jul 11, 2016.
On the company’s financial health, Och-Ziff Capital Management Group LLC reported $0.06 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus of $0.07. The company had revenue of $152.55 million for the quarter, compared to analysts expectations of $144.40 million. The company’s revenue was down -52.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.18 EPS.
Och-Ziff Capital Management Group LLC closed down -0.06 points or -1.46% at $4.04 with 6,45,545 shares getting traded on Tuesday. Post opening the session at $4.08, the shares hit an intraday low of $3.98 and an intraday high of $4.1 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
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.