Bank of America Downgrades Och-Ziff Capital Management Group LLC to Neutral

Brokerage firm Bank of America Downgrades its rating on Och-Ziff Capital Management Group LLC(NYSE:OZM). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by Bank of America was issued on Jun 28, 2016.

Och-Ziff Capital Management Group LLC (OZM) made into the market gainers list on Fridays trading session with the shares advancing 1.05% or 0.04 points. Due to strong positive momentum, the stock ended at $3.84, which is also near the day’s high of $3.88. The stock began the session at $3.8 and the volume stood at 3,10,137 shares. The 52-week high of the shares is $12.66 and the 52 week low is $2.89. The company has a current market capitalization of $1,838 M and it has 47,86,69,720 shares in outstanding.

Och-Ziff Capital Management Group LLC(OZM) last announced its earnings results on May 3, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $188.44M. Analysts had an estimated revenue of $176.40M. Earnings per share were $0.11. Analysts had estimated an EPS of $0.13.

Och-Ziff Capital Management Group LLC (Och-Ziff) is a global institutional alternative asset manager. The Company provides asset management services through its funds which pursue a range of global investment opportunities. The Company offers customized solutions within and across its product platforms to help its fund investors meet their investment objectives. The Company operates through two segments: the Och-Ziff Funds segment and real estate business. The Och-Ziff Funds segment provides asset management services to its multi-strategy funds dedicated credit funds and other alternative investment vehicles. The Company’s real estate business provides asset management services to its real estate funds. As of December 31 2014 the Company managed approximately $34.1 billion of assets under management in its multi-strategy funds or 72% of its total assets under management.

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