Och (OZM) Stock Price Declined While Stonerise Capital Management Cut Stake by $1.16 Million; Greywolf Capital Management LP Has Cut Wmih (WMIH) Stake by $2.38 Million

August 12, 2018 - By Richard Slagle

Och-Ziff Capital Management Group LLC (NYSE:OZM) Logo

Greywolf Capital Management Lp decreased its stake in Wmih Corp (WMIH) by 22.42% based on its latest 2018Q1 regulatory filing with the SEC. Greywolf Capital Management Lp sold 2.38 million shares as the company’s stock rose 6.20% while stock markets declined. The hedge fund held 8.22 million shares of the company at the end of 2018Q1, valued at $11.68 million, down from 10.60 million at the end of the previous reported quarter. Greywolf Capital Management Lp who had been investing in Wmih Corp for a number of months, seems to be less bullish one the $530.60 million market cap company. The stock increased 1.45% or $0.02 during the last trading session, reaching $1.4. About 2.13M shares traded. WMIH Corp. (NASDAQ:WMIH) has risen 14.17% since August 12, 2017 and is uptrending. It has outperformed by 1.60% the S&P500. Some Historical WMIH News: 22/04/2018 – DJ WMIH Corp, Inst Holders, 1Q 2018 (WMIH); 16/04/2018 – S&PGR: Revised Outlook Primarily Reflects Nationstar’s Increasing Leverage Related to Its Merger Agreement With WMIH Corp; 09/03/2018 WMIH Forms Golden Cross: Technicals; 15/05/2018 – Carlson Capital Buys New 1.9% Position in WMIH; 14/05/2018 – Rubric Capital Buys New 2.1% Position in WMIH; 04/05/2018 – MOODY’S: MORTGAGE FINANCE COMPANIES WILL CONTINUE CONSOLIDATING AS PROFITABILITY IS UNDER PRESSURE

Stonerise Capital Management Llc decreased its stake in Och (OZM) by 42.81% based on its latest 2018Q1 regulatory filing with the SEC. Stonerise Capital Management Llc sold 581,034 shares as the company’s stock declined 23.91% with the market. The hedge fund held 776,166 shares of the investment managers company at the end of 2018Q1, valued at $2.07 million, down from 1.36 million at the end of the previous reported quarter. Stonerise Capital Management Llc who had been investing in Och for a number of months, seems to be less bullish one the $892.22 million market cap company. The stock increased 2.07% or $0.04 during the last trading session, reaching $1.97. About 264,247 shares traded. Och-Ziff Capital Management Group LLC (NYSE:OZM) has declined 12.13% since August 12, 2017 and is downtrending. It has underperformed by 24.70% the S&P500. Some Historical OZM News: 02/05/2018 – Och-Ziff Capital Mgmt 1Q EPS 2c; 22/03/2018 – Maiya Keidan: Och-Ziff executive to start new unit under fund giant Millennium; 02/05/2018 – OCH-ZIFF EST. AUM ABOUT $32.7B AS OF MAY 1, UP $.4B VS APRIL 1; 05/04/2018 – S&P REVISES OCH-ZIFF FINANCE CO. LLC OUTLOOK TO ‘STABLE’ FROM ‘NEGATIVE’; RATING ‘BB-‘; 18/04/2018 – CFO Moves: Och-Ziff Capital Management, Sanofi; 05/04/2018 – OCH-ZIFF CAPITAL ARRANGES $100M REVOLVING FACILITY; 17/04/2018 – Och-Ziff’s Haas Departs Hedge Fund Firm to Join Coinbase as CFO; 02/05/2018 – OCH-ZIFF CAPITAL MANAGEMENT IS SAID TO CLOSE ASIA FUND; 05/04/2018 – S&PGR Revises Och-Ziff Otlk To Stable, Affirms ‘BB-‘ Ratings; 17/04/2018 – OCH ZIFF CAPITAL MANAGEMENT NAMES THOMAS M. SIPP CFO

Greywolf Capital Management Lp, which manages about $3.21 billion and $153.64M US Long portfolio, upped its stake in Stars Group Inc by 20,000 shares to 305,000 shares, valued at $8.40M in 2018Q1, according to the filing.

Since April 6, 2018, it had 0 insider purchases, and 8 insider sales for $5.81 million activity. The insider Levine David Michael sold $167,682.

More news for Och-Ziff Capital Management Group LLC (NYSE:OZM) were recently published by: Globenewswire.com, which released: “Oz Management Reports Second Quarter of 2018 Results” on August 02, 2018. Globenewswire.com‘s article titled: “Oz Management to Announce 2018 Second Quarter Results and Host Investor Conference Call on August 2, 2018” and published on July 19, 2018 is yet another important article.

Among 10 analysts covering Och-Ziff Capital Management Group (NYSE:OZM), 4 have Buy rating, 0 Sell and 6 Hold. Therefore 40% are positive. Och-Ziff Capital Management Group had 35 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of Och-Ziff Capital Management Group LLC (NYSE:OZM) has “Market Perform” rating given on Wednesday, November 4 by Keefe Bruyette & Woods. Keefe Bruyette & Woods maintained Och-Ziff Capital Management Group LLC (NYSE:OZM) rating on Monday, September 4. Keefe Bruyette & Woods has “Hold” rating and $3.25 target. The rating was maintained by Keefe Bruyette & Woods on Wednesday, July 5 with “Hold”. On Tuesday, August 11 the stock rating was initiated by Goldman Sachs with “Neutral”. The firm has “Sell” rating given on Thursday, August 25 by Citigroup. The stock has “Hold” rating by Jefferies on Monday, September 25. On Thursday, August 20 the stock rating was upgraded by Zacks to “Sell”. Compass Point downgraded Och-Ziff Capital Management Group LLC (NYSE:OZM) rating on Friday, February 12. Compass Point has “Neutral” rating and $5.50 target. The firm has “Outperform” rating given on Monday, November 23 by Keefe Bruyette & Woods. Citigroup downgraded the stock to “Neutral” rating in Monday, October 12 report.

Analysts await Och-Ziff Capital Management Group LLC (NYSE:OZM) to report earnings on November, 1. They expect $0.05 earnings per share, down 28.57% or $0.02 from last year’s $0.07 per share. OZM’s profit will be $22.65M for 9.85 P/E if the $0.05 EPS becomes a reality. After $0.01 actual earnings per share reported by Och-Ziff Capital Management Group LLC for the previous quarter, Wall Street now forecasts 400.00% EPS growth.

WMIH Corp. (NASDAQ:WMIH) Institutional Positions Chart

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