Och-Ziff Capital Management Group LLC (OZM) Shares Bought by Abrams Capital Management L.P.

Abrams Capital Management L.P. raised its position in shares of Och-Ziff Capital Management Group LLC (NYSE:OZM) by 11.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 18,949,992 shares of the company’s stock after buying an additional 1,909,342 shares during the period. Och-Ziff Capital Management Group accounts for about 2.3% of Abrams Capital Management L.P.’s investment portfolio, making the stock its 13th largest position. Abrams Capital Management L.P. owned about 10.43% of Och-Ziff Capital Management Group worth $62,724,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Blue Ridge Capital L.L.C. acquired a new position in shares of Och-Ziff Capital Management Group during the second quarter worth about $33,592,000. Sandia Holdings LLC acquired a new position in shares of Och-Ziff Capital Management Group during the fourth quarter worth about $11,178,000. JPMorgan Chase & Co. increased its position in shares of Och-Ziff Capital Management Group by 49.6% in the third quarter. JPMorgan Chase & Co. now owns 4,772,358 shares of the company’s stock worth $20,712,000 after buying an additional 1,582,140 shares in the last quarter. Quinn Opportunity Partners LLC increased its position in shares of Och-Ziff Capital Management Group by 3,018.9% in the fourth quarter. Quinn Opportunity Partners LLC now owns 717,338 shares of the company’s stock worth $2,374,000 after buying an additional 694,338 shares in the last quarter. Finally, Springhouse Capital Management LP increased its position in shares of Och-Ziff Capital Management Group by 33.7% in the third quarter. Springhouse Capital Management LP now owns 2,190,311 shares of the company’s stock worth $9,506,000 after buying an additional 551,687 shares in the last quarter. Institutional investors own 52.74% of the company’s stock.

Institutional Ownership by Quarter for Och-Ziff Capital Management Group (NYSE:OZM)

Och-Ziff Capital Management Group LLC (NYSE:OZM) traded down 0.55% during trading on Monday, reaching $3.59. The company had a trading volume of 625,533 shares. The stock’s market capitalization is $652.32 million. The stock has a 50 day moving average of $3.30 and a 200-day moving average of $3.45. Och-Ziff Capital Management Group LLC has a 12-month low of $2.65 and a 12-month high of $4.78.

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A number of research analysts recently issued reports on OZM shares. Citigroup Inc. restated a “sell” rating on shares of Och-Ziff Capital Management Group in a report on Tuesday, October 18th. Jefferies Group LLC reaffirmed a “hold” rating and set a $3.00 price objective on shares of Och-Ziff Capital Management Group in a research report on Tuesday, November 8th. Zacks Investment Research raised Och-Ziff Capital Management Group from a “sell” rating to a “hold” rating in a research report on Saturday, November 5th. Finally, Credit Suisse Group reaffirmed a “hold” rating and set a $3.00 price objective on shares of Och-Ziff Capital Management Group in a research report on Monday, November 7th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $4.08.

In other news, insider Erez Elisha sold 27,669 shares of the business’s stock in a transaction dated Friday, December 30th. The shares were sold at an average price of $3.25, for a total transaction of $89,924.25. Following the completion of the sale, the insider now owns 27,669 shares of the company’s stock, valued at $89,924.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Abrams Capital Management, L.P bought 513,480 shares of the business’s stock in a transaction dated Friday, December 30th. The shares were bought at an average cost of $3.19 per share, with a total value of $1,638,001.20. The disclosure for this purchase can be found here. Insiders acquired 4,036,907 shares of company stock valued at $12,936,401 in the last ninety days. 63.20% of the stock is owned by corporate insiders.

Och-Ziff Capital Management Group Company Profile

Och-Ziff Capital Management Group LLC (Och-Ziff) is an institutional alternative asset manager. The Company provides asset management services through its funds, which pursue a range of global investment opportunities. The Company operates through two segments: the Och-Ziff Funds and Other Operations.

5 Day Chart for NYSE:OZM

Want to see what other hedge funds are holding OZM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Och-Ziff Capital Management Group LLC (NYSE:OZM).

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