Price Action Report: Och-Ziff Capital Management Group LLC Sets 52-Week Low; Strong Momentum for Sellers

Price Action Report: Och Ziff Capital Management Group LLC Sets 52 Week Low; Strong Momentum for Sellers

The stock of Och-Ziff Capital Management Group LLC (NYSE:OZM) hit a new 52-week low and has $2.59 target or 9.00% below today’s $2.85 share price. The 6 months bearish chart indicates high risk for the $505.70 million company. The 1-year low was reported on Nov, 29 by Barchart.com. If the $2.59 price target is reached, the company will be worth $45.51M 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 912,189 shares traded hands or 35.91% 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. On Monday, November 23 the stock rating was upgraded by Keefe Bruyette & Woods to “Outperform”. The rating was maintained by RBC Capital Markets with “Outperform” on Tuesday, May 31. The firm has “Buy” rating given on Tuesday, October 20 by Compass Point. Compass Point maintained it with “Buy” rating and $8.50 target price in Wednesday, November 4 report. Compass Point downgraded it to “Neutral” rating and $5.50 target price in Friday, February 12 report. As per Wednesday, August 26, the company rating was downgraded by Zacks. Citigroup maintained it with “Buy” rating and $11.50 target price in Monday, October 5 report. The stock has “Sell” rating given by Citigroup on Thursday, August 25. The firm has “Neutral” rating given on Tuesday, August 11 by Goldman Sachs. Citigroup downgraded the stock to “Neutral” rating in Monday, October 12 report.

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 Q2 2016. Its up 0.32, from 0.84 in 2016Q1. The ratio is positive, 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.
Bnp Paribas Arbitrage Sa owns 115 shares or 0% of their US portfolio. Mariner Wealth Advsr Limited Liability Company last reported 157,892 shares in the company. Greenwich Wealth Mgmt Lc has invested 0.05% of its portfolio in Och-Ziff Capital Management Group LLC (NYSE:OZM). Nuveen Asset Management Ltd Com has invested 0% of its portfolio in Och-Ziff Capital Management Group LLC (NYSE:OZM). Gabelli Funds Ltd Com has 304,000 shares for 0.01% of their US portfolio. Kamunting Street Cap Mngmt Lp has 658,907 shares for 5.76% of their US portfolio. Clearbridge Invests holds 401,230 shares or 0% of its portfolio. Blue Ridge Cap Lc owns 8.84M shares or 0.43% of their US portfolio. Bancshares Of America Corporation De reported 4.66M shares or 0% of all its holdings. The New York-based Arbiter Prtn Ltd Liability Corp has invested 0% in Och-Ziff Capital Management Group LLC (NYSE:OZM). Abrams Limited Partnership holds 3.05% or 15.38 million shares in its portfolio. Dreman Value L L C has 675 shares for 0% of their US portfolio. The Massachusetts-based Baupost Gru Limited Liability Ma has invested 0.17% in Och-Ziff Capital Management Group LLC (NYSE:OZM). California Employees Retirement Sys has 0% invested in the company for 106,700 shares. Jpmorgan Chase holds 0% or 3.19M shares in its portfolio.

More 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 Businesswire.com published the news titled: “Fitch Downgrades Och-Ziff Capital Management Group LLC to ‘BB+’; Maintains …” on November 03, 2016. Bloomberg.com‘s news article titled: “Och-Ziff Capital Management Group May Be Cut to Junk by S&P” with publication date: October 20, 2016 was also an interesting one.

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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