Today’s Market Runner: Och-Ziff Capital Management Group LLC Can’t Be More Risky. Just Reaches 52 Week Low

Today's Market Runner: Och Ziff Capital Management Group LLC Can't Be More Risky. Just Reaches 52 Week Low

The stock of Och-Ziff Capital Management Group LLC (NYSE:OZM) hit a new 52-week low and has $2.65 target or 9.00% below today’s $2.91 share price. The 7 months bearish chart indicates high risk for the $528.04M company. The 1-year low was reported on Nov, 3 by Barchart.com. If the $2.65 price target is reached, the company will be worth $47.52M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 757,687 shares traded hands. 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. $14 is the highest target while $3.50 is the lowest. The $8.63 average target is 196.56% above today’s ($2.91) stock price. Och-Ziff Capital Management Group has been the topic of 23 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Thursday, September 29 by Compass Point. Keefe Bruyette & Woods upgraded Och-Ziff Capital Management Group LLC (NYSE:OZM) on Monday, November 23 to “Outperform” rating. The stock of Och-Ziff Capital Management Group LLC (NYSE:OZM) has “Outperform” rating given on Wednesday, February 3 by RBC Capital Markets. The firm has “Outperform” rating given on Tuesday, May 31 by RBC Capital Markets. The rating was downgraded by Bank of America on Tuesday, June 28 to “Neutral”. Compass Point upgraded it to “Buy” rating and $9.50 target price in Tuesday, October 20 report. The stock has “Market Perform” rating given by Wood on Monday, July 11. The stock of Och-Ziff Capital Management Group LLC (NYSE:OZM) earned “Neutral” rating by Goldman Sachs on Tuesday, August 11. The stock has “Buy” rating given by Compass Point on Wednesday, November 4. The firm has “Market Perform” rating by Wood given on Friday, October 14.

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 Q2 2016. Its down 0.01, from 0.85 in 2016Q1. The ratio dropped, 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.
Arbiter Prtn Capital Mgmt Llc, a New York-based fund reported 10,000 shares. Kerrisdale Advisers Limited Liability Com has invested 0.59% of its portfolio in Och-Ziff Capital Management Group LLC (NYSE:OZM). Royal State Bank Of Canada holds 0% of its portfolio in Och-Ziff Capital Management Group LLC (NYSE:OZM) for 26,152 shares. Greenwich Wealth Mgmt Limited Liability Company has 0.05% invested in the company for 24,000 shares. Spot Trading Ltd holds 0% or 44,318 shares in its portfolio. Moreover, Hsbc Public Limited Company has 0% invested in Och-Ziff Capital Management Group LLC (NYSE:OZM) for 51,102 shares. Abrams Capital Mgmt Lp holds 3.05% of its portfolio in Och-Ziff Capital Management Group LLC (NYSE:OZM) for 15.38 million shares. Deutsche Retail Bank Ag has 0% invested in the company for 1.79 million shares. Cibc Asset Mgmt Inc has 15,572 shares for 0% of their US portfolio. Ruane Cunniff & Goldfarb Inc holds 0.03% or 781,620 shares in its portfolio. Guggenheim Capital Ltd Limited Liability Company has invested 0% of its portfolio in Och-Ziff Capital Management Group LLC (NYSE:OZM). Morgan Stanley last reported 0.01% of its portfolio in the stock. Blue Ridge Capital Llc has 8.84 million shares for 0.43% of their US portfolio. Bnp Paribas Arbitrage owns 115 shares or 0% of their US portfolio. Kamunting Street Cap Mgmt Limited Partnership has 5.76% invested in the company for 658,907 shares.

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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