The stock of Och-Ziff Capital Management Group LLC (NYSE:OZM) hit a new 52-week low and has $2.66 target or 9.00% below today’s $2.92 share price. The 7 months bearish chart indicates high risk for the $534.27 million company. The 1-year low was reported on Nov, 9 by Barchart.com. If the $2.66 price target is reached, the company will be worth $48.08 million 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 340,890 shares traded hands. Och-Ziff Capital Management Group LLC (NYSE:OZM) has declined 18.31% since April 7, 2016 and is downtrending. It has underperformed by 23.09% 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”, 0 “Sell”, while 4 “Hold”. This means 56% are positive. Och-Ziff Capital Management Group has been the topic of 24 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was initiated by Goldman Sachs with “Neutral” on Tuesday, August 11. The stock has “Buy” rating given by Citigroup on Monday, October 5. The firm has “Market Perform” rating by Wood given on Friday, October 14. Keefe Bruyette & Woods downgraded the shares of OZM in a report on Wednesday, November 4 to “Market Perform” rating. The firm has “Sell” rating by Citigroup given on Thursday, August 25. On Wednesday, August 26 the stock rating was downgraded by Zacks to “Hold”. As per Monday, October 12, the company rating was downgraded by Citigroup. RBC Capital Markets maintained Och-Ziff Capital Management Group LLC (NYSE:OZM) on Tuesday, May 31 with “Outperform” rating. The firm earned “Market Perform” rating on Monday, July 11 by Wood. The stock of Och-Ziff Capital Management Group LLC (NYSE:OZM) has “Buy” rating given on Wednesday, November 4 by Compass Point.
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 turned negative, 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.
Gabelli Funds Lc reported 304,000 shares or 0.01% of all its holdings. The New York-based Knott David M has invested 0% in Och-Ziff Capital Management Group LLC (NYSE:OZM). Blue Ridge Capital Ltd Liability Corp holds 0.43% or 8.84 million shares in its portfolio. Clearbridge Invests Lc holds 401,230 shares or 0% of its portfolio. Bancorp Of America De last reported 0% of its portfolio in the stock. Peak6 Invs Limited Partnership holds 0% of its portfolio in Och-Ziff Capital Management Group LLC (NYSE:OZM) for 14,161 shares. Bnp Paribas Arbitrage last reported 115 shares in the company. Renaissance Ltd Liability Corp accumulated 0% or 392,900 shares. Arbiter Partners Capital Mgmt Ltd has invested 0% of its portfolio in Och-Ziff Capital Management Group LLC (NYSE:OZM). Telemus Capital Limited Liability Company accumulated 0.01% or 16,500 shares. Webster Comml Bank N A has 0.01% invested in the company for 16,000 shares. Pnc Gru accumulated 0% or 785 shares. Manufacturers Life The has 878,718 shares for 0.01% of their US portfolio. Next owns 6,600 shares or 0.01% of their US portfolio. Cibc Asset Mgmt accumulated 0% or 15,572 shares.
More notable recent Och-Ziff Capital Management Group LLC (NYSE:OZM) news were published by: Businesswire.com which released: “Fitch Downgrades Och-Ziff Capital Management Group LLC to ‘BB+’; Maintains …” on November 03, 2016, also Reuters.com with their article: “BRIEF-Och-Ziff Capital Management Group LLC Q3 adjusted EPS $0.10” published on November 02, 2016, Bloomberg.com published: “Och-Ziff Capital Management Group May Be Cut to Junk by S&P” on October 20, 2016. More interesting news about Och-Ziff Capital Management Group LLC (NYSE:OZM) were released by: Businesswire.com and their article: “The Shuman Law Firm Investigates Och-Ziff Capital Management Group LLC” published on June 27, 2016 as well as Fool.com‘s news article titled: “Why Och-Ziff Capital Management Group LLC Stock Plunged Today” with publication date: February 11, 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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