Will Oaktree Capital Group, LLC (OAK) Short Squeeze Soon?

March 14, 2018 - By Dolores Ford

Investors sentiment decreased to 1.08 in 2017 Q3. Its down 0.15, from 1.23 in 2017Q2. It turned negative, as 17 investors sold Oaktree Capital Group, LLC shares while 49 reduced holdings. 20 funds opened positions while 51 raised stakes. 34.64 million shares or 3.10% more from 33.59 million shares in 2017Q2 were reported.
Ardevora Asset Mgmt Limited Liability Partnership has invested 1.07% in Oaktree Capital Group, LLC (NYSE:OAK). 22,850 are held by Everett Harris Ca. Greenwich Investment Mgmt invested in 5,005 shares. Clifford Swan Inv Counsel stated it has 9,200 shares. Kj Harrison & Prns invested in 33,540 shares. Scharf Investments Lc has invested 0.01% in Oaktree Capital Group, LLC (NYSE:OAK). Walleye Trading Ltd, a Minnesota-based fund reported 5,437 shares. Brown Advisory owns 41,117 shares. Advisory Rech Inc accumulated 18,774 shares. Steinberg Global Asset holds 0.62% in Oaktree Capital Group, LLC (NYSE:OAK) or 88,961 shares. Synovus has 0.01% invested in Oaktree Capital Group, LLC (NYSE:OAK) for 6,031 shares. Moreover, Evercore Wealth Management Limited Com has 0% invested in Oaktree Capital Group, LLC (NYSE:OAK) for 1,500 shares. Barr E S And invested in 0.18% or 36,850 shares. Renaissance Tech Ltd Liability Company holds 0.02% or 305,270 shares. The California-based Blume Management Inc has invested 3.54% in Oaktree Capital Group, LLC (NYSE:OAK).

The stock of Oaktree Capital Group, LLC (NYSE:OAK) hit a new 52-week low and has $36.78 target or 8.00 % below today’s $39.98 share price. The 8 months bearish chart indicates high risk for the $6.25B company. The 1-year low was reported on Mar, 14 by Barchart.com. If the $36.78 price target is reached, the company will be worth $499.76M 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.

The stock decreased 1.78% or $0.7248 during the last trading session, reaching $39.9752. About 352,145 shares traded. Oaktree Capital Group, LLC (NYSE:OAK) has risen 0.83% since March 14, 2017 and is uptrending. It has underperformed by 15.87% the S&P500.

Analysts await Oaktree Capital Group, LLC (NYSE:OAK) to report earnings on April, 26. They expect $0.83 EPS, down 3.49 % or $0.03 from last year’s $0.86 per share. OAK’s profit will be $129.71 million for 12.04 P/E if the $0.83 EPS becomes a reality. After $0.72 actual EPS reported by Oaktree Capital Group, LLC for the previous quarter, Wall Street now forecasts 15.28 % EPS growth.

Oaktree Capital Group, LLC (NYSE:OAK) Ratings Coverage

Among 9 analysts covering Oaktree Capital Group (NYSE:OAK), 2 have Buy rating, 1 Sell and 6 Hold. Therefore 22% are positive. Oaktree Capital Group had 28 analyst reports since July 30, 2015 according to SRatingsIntel. Bank of America downgraded Oaktree Capital Group, LLC (NYSE:OAK) on Friday, December 16 to “Neutral” rating. Morgan Stanley maintained the shares of OAK in report on Tuesday, August 8 with “Outperform” rating. Morgan Stanley maintained Oaktree Capital Group, LLC (NYSE:OAK) rating on Thursday, March 1. Morgan Stanley has “Overweight” rating and $57 target. As per Tuesday, August 11, the company rating was maintained by Barclays Capital. The stock of Oaktree Capital Group, LLC (NYSE:OAK) has “Buy” rating given on Wednesday, September 20 by Keefe Bruyette & Woods. The company was downgraded on Thursday, October 13 by Barclays Capital. The stock of Oaktree Capital Group, LLC (NYSE:OAK) earned “Hold” rating by Oppenheimer on Thursday, June 29. The rating was maintained by Deutsche Bank on Thursday, June 16 with “Buy”. JP Morgan maintained it with “Neutral” rating and $51 target in Tuesday, February 13 report. The stock of Oaktree Capital Group, LLC (NYSE:OAK) earned “Hold” rating by Deutsche Bank on Tuesday, December 20.

More news for Oaktree Capital Group, LLC (NYSE:OAK) were recently published by: Nasdaq.com, which released: “Ex-Dividend Reminder: Heartland Financial, Oaktree Capital Group and Microsoft” on February 13, 2018. Nasdaq.com‘s article titled: “Oaktree Capital Group, LLC (OAK) Ex-Dividend Date Scheduled for February 15, 2018” and published on February 14, 2018 is yet another important article.

Oaktree Capital Group, LLC operates as a global investment management firm that focuses on alternative markets. The company has market cap of $6.25 billion. It manage investments in a number of strategies within six asset classes, including distressed debt; corporate debt, including high yield debt and senior loans; control investing; convertible securities; real estate; and listed equities. It has a 11.08 P/E ratio. The firm pursues these strategies through closed-end, open-end, and evergreen funds.

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