Och-Ziff Capital Management Group LLC ( OZM ) saw a big move last session, as the company's shares fell nearly 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for OZM, as the stock is now down nearly 15% in the past one-month time frame.
The investment management company has seen a mixed track record when it comes to current year estimate revisions over the past few weeks (1 increase, 2 decreases), and the consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
OZM currently has a Zacks Rank #3 (Hold) while its Earnings ESP
Some better-ranked stocks in the same sector include AllianceBernstein Holding L.P. ( AB
), Cohen & Steers Inc. ( CNS
) and SEI Investments Co. ( SEIC
). All these stocks hold a Zacks Rank #1 (Strong Buy).
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportOCH-ZIFF CAPTL (OZM): Free Stock Analysis ReportALLIANCEBERNSTN (AB): Free Stock Analysis ReportCOHEN&STRS INC (CNS): Free Stock Analysis ReportSEI INVESTMENTS (SEIC): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research