The stock of Och-Ziff Capital Management Group LLC (NYSE:OZM) reached all time low today, Nov, 3 and still has $2.71 target or 7.00% below today’s $2.91 share price. This indicates more downside for the $528.04 million company. This technical setup was reported by Barchart.com. If the $2.71 PT is reached, the company will be worth $36.96 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. The stock decreased 4.59% or $0.14 on November 3, hitting $2.91. About 1.14 million shares traded hands or 19.38% up from the average. Och-Ziff Capital Management Group LLC (NYSE:OZM) has declined 28.07% since April 1, 2016 and is downtrending. It has underperformed by 29.28% the S&P500.
Och-Ziff Capital Management Group LLC (NYSE:OZM) Ratings Coverage
Out of 9 analysts covering Och-Ziff Capital Management Group (NYSE:OZM), 5 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 56% are positive. Och-Ziff Capital Management Group has been the topic of 23 analyst reports since August 6, 2015 according to StockzIntelligence Inc. On Wednesday, February 3 the stock rating was maintained by RBC Capital Markets with “Outperform”. Goldman Sachs initiated Och-Ziff Capital Management Group LLC (NYSE:OZM) on Tuesday, August 11 with “Neutral” rating. The stock of Och-Ziff Capital Management Group LLC (NYSE:OZM) earned “Hold” rating by Zacks on Wednesday, August 26. The stock has “Buy” rating given by Citigroup on Monday, October 5. Keefe Bruyette & Woods upgraded the shares of OZM in a report on Monday, November 23 to “Outperform” rating. Bank of America downgraded the stock to “Neutral” rating in Tuesday, June 28 report. The rating was downgraded by Keefe Bruyette & Woods to “Market Perform” on Wednesday, November 4. Wood maintained the stock with “Market Perform” rating in Friday, October 14 report. Citigroup downgraded the stock to “Neutral” rating in Monday, October 12 report. On Thursday, July 21 the stock rating was maintained by RBC Capital Markets with “Outperform”.
According to Zacks Investment Research, “Och-Ziff Capital Management Group LLC is a leading, global institutional alternative asset management firm. It seeks to deliver consistent positive risk-adjusted returns throughout market cycles, with a strong focus on risk management and capital preservation. Portfolio composition is determined by market opportunities rather than any predetermined commitment to investment discipline or geography. Our diversified, multi-strategy approach is based on global investment strategies, including merger arbitrage, convertible arbitrage, equity restructuring, credit and distressed investments, private investments and real estate.”
Insitutional Activity: The institutional sentiment decreased to 0.84 in 2016 Q2. Its down 0.01, from 0.85 in 2016Q1. The ratio dived, as 27 funds sold all Och-Ziff Capital Management Group LLC shares owned while 23 reduced positions. 15 funds bought stakes while 27 increased positions. They now own 92.13 million shares or 3.67% more from 88.87 million shares in 2016Q1.
Tower Rech Ltd Liability Corp (Trc) holds 100 shares or 0% of its portfolio. Zweig last reported 2.60 million shares in the company. Manufacturers Life Ins The reported 878,718 shares or 0.01% of all its holdings. Artemis Investment Management Limited Liability Partnership holds 0.07% or 1.21 million shares in its portfolio. Brown Advisory has 0% invested in the company for 60,000 shares. Next Financial Group Inc holds 0.01% of its portfolio in Och-Ziff Capital Management Group LLC (NYSE:OZM) for 6,600 shares. Ladenburg Thalmann Service last reported 0% of its portfolio in the stock. Commercial Bank Of Montreal Can has invested 0% of its portfolio in Och-Ziff Capital Management Group LLC (NYSE:OZM). Stifel Fin Corp, a Missouri-based fund reported 415,705 shares. Geneva Llc, a Illinois-based fund reported 17,885 shares. Barclays Public Limited Co last reported 0% of its portfolio in the stock. Wells Fargo & Mn last reported 0% of its portfolio in the stock. Alpine Partners Vi Ltd Liability Com owns 42,004 shares or 0.07% of their US portfolio. Price T Rowe Assocs Md has invested 0.01% of its portfolio in Och-Ziff Capital Management Group LLC (NYSE:OZM). Arbiter Prns Capital Management Limited Co holds 10,000 shares or 0% of its portfolio.
More important recent Och-Ziff Capital Management Group LLC (NYSE:OZM) news were published by: Reuters.com which released: “BRIEF-Och-Ziff Capital Management Group LLC Q3 adjusted EPS $0.10” on November 02, 2016, also Bloomberg.com published article titled: “Och-Ziff Capital Management Group May Be Cut to Junk by S&P”, Prnewswire.com published: “SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation …” on September 30, 2016. More interesting news about Och-Ziff Capital Management Group LLC (NYSE:OZM) was released by: Businesswire.com and their article: “The Shuman Law Firm Investigates Och-Ziff Capital Management Group LLC” with publication date: June 27, 2016.
OZM Company Profile
Och-Ziff Capital Management Group LLC (Och-Ziff), incorporated on June 6, 2007, is an institutional alternative asset manager. The Firm provides asset management services through its funds, which pursue a range of global investment opportunities. The Firm operates through two divisions: the Och-Ziff Funds and Other Operations. The Och-Ziff Funds segment provides asset management services to its multi-strategy funds, credit funds and other alternative investment vehicles. The Company’s Other Operations segment includes real estate business, which provides asset management services to its real estate funds. The Firm offers customized solutions within and across its product platforms to help its fund investors meet their investment objectives.
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