Breaking: After Reaching All-Time Low, Is Och-Ziff Capital Management Group LLC’s Near-Term Analysis Positive?

Breaking: After Reaching All Time Low, Is Och Ziff Capital Management Group LLC's Near Term Analysis Positive?

The stock of Och-Ziff Capital Management Group LLC (NYSE:OZM) reached all time low today, Nov, 29 and still has $2.64 target or 7.00% below today’s $2.84 share price. This indicates more downside for the $503.92 million company. This technical setup was reported by Barchart.com. If the $2.64 PT is reached, the company will be worth $35.27 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. About 1.17M shares traded hands or 74.32% up from the average. Och-Ziff Capital Management Group LLC (NYSE:OZM) has declined 27.25% since April 26, 2016 and is downtrending. It has underperformed by 32.51% the S&P500.

Analysts await Och-Ziff Capital Management Group LLC (NYSE:OZM) to report earnings on February, 9. They expect $-0.01 earnings per share, up 85.71% or $0.06 from last year’s $-0.07 per share. After $0.10 actual earnings per share reported by Och-Ziff Capital Management Group LLC for the previous quarter, Wall Street now forecasts -110.00% negative EPS growth.

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 firm has “Market Perform” rating given on Monday, July 11 by Wood. The stock of Och-Ziff Capital Management Group LLC (NYSE:OZM) has “Buy” rating given on Tuesday, October 20 by Compass Point. Keefe Bruyette & Woods downgraded Och-Ziff Capital Management Group LLC (NYSE:OZM) rating on Wednesday, November 4. Keefe Bruyette & Woods has “Market Perform” rating and $8.50 price target. The company was downgraded on Wednesday, August 26 by Zacks. The firm earned “Outperform” rating on Monday, November 23 by Keefe Bruyette & Woods. The stock of Och-Ziff Capital Management Group LLC (NYSE:OZM) earned “Buy” rating by Compass Point on Thursday, September 29. The firm has “Outperform” rating given on Tuesday, May 31 by RBC Capital Markets. The firm earned “Sell” rating on Thursday, August 20 by Zacks. The stock has “Neutral” rating given by Citigroup on Monday, November 7. The company was initiated on Tuesday, August 11 by Goldman Sachs.

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 increased to 1.16 in 2016 Q2. Its up 0.32, from 0.84 in 2016Q1. The ratio increased, 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.
Baupost Limited Co Ma accumulated 3.37 million shares or 0.17% of the stock. California Pub Employees Retirement System holds 0% of its portfolio in Och-Ziff Capital Management Group LLC (NYSE:OZM) for 106,700 shares. Evercore Wealth Mngmt Lc owns 10,000 shares or 0% of their US portfolio. Sterneck Mgmt Limited Company last reported 33,870 shares in the company. Alpine Prtnrs Vi Lc has 42,004 shares for 0.07% of their US portfolio. Barclays Public Limited Liability Company holds 1.00M shares or 0% of its portfolio. Spot Trading Limited Liability reported 44,318 shares or 0% of all its holdings. The Pennsylvania-based Pnc Financial Svcs Gru has invested 0% in Och-Ziff Capital Management Group LLC (NYSE:OZM). Kamunting Street Capital Mngmt L P holds 5.76% or 658,907 shares in its portfolio. Morgan Stanley holds 10.26 million shares or 0.01% of its portfolio. Nuveen Asset Mgmt Ltd Llc accumulated 0% or 20,000 shares. The Illinois-based William Harris Invsts has invested 0.04% in Och-Ziff Capital Management Group LLC (NYSE:OZM). Next Gp has 6,600 shares for 0.01% of their US portfolio. Quinn Opportunity Prtnrs Limited Liability Co reported 145,500 shares or 0.22% of all its holdings. Creative Planning holds 0% or 12,193 shares in its portfolio.

More news for Och-Ziff Capital Management Group LLC (NYSE:OZM) were recently published by: Businesswire.com, which released: “Fitch Downgrades Och-Ziff Capital Management Group LLC to ‘BB+’; Maintains …” on November 03, 2016. Bloomberg.com‘s article titled: “Och-Ziff Capital Management Group May Be Cut to Junk by S&P” and published on October 20, 2016 is yet another important article.

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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