Oaktree Capital Group LLC (NYSE:OAK) Sentiment Drops in 2017 Q4

May 18, 2018 - By Lynda A. Deweese

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Sentiment for Oaktree Capital Group LLC (NYSE:OAK)

Oaktree Capital Group LLC (NYSE:OAK) institutional sentiment decreased to 0.97 in 2017 Q4. Its down -0.11, from 1.08 in 2017Q3. The ratio worsened, as 67 active investment managers opened new and increased positions, while 69 trimmed and sold holdings in Oaktree Capital Group LLC. The active investment managers in our partner’s database now possess: 35.01 million shares, up from 34.64 million shares in 2017Q3. Also, the number of active investment managers holding Oaktree Capital Group LLC in their top 10 positions decreased from 5 to 4 for a decrease of 1. Sold All: 18 Reduced: 51 Increased: 46 New Position: 21.

Oaktree Capital Group, LLC operates as a global investment management firm that focuses on alternative markets. The company has market cap of $6.27 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 11.06 P/E ratio. The firm pursues these strategies through closed-end, open-end, and evergreen funds.

The stock increased 1.01% or $0.4 during the last trading session, reaching $39.9. About 181,458 shares traded. Oaktree Capital Group, LLC (NYSE:OAK) has declined 13.16% since May 18, 2017 and is downtrending. It has underperformed by 24.71% the S&P500.

Analysts await Oaktree Capital Group, LLC (NYSE:OAK) to report earnings on July, 26. They expect $0.55 EPS, down 68.21 % or $1.18 from last year’s $1.73 per share. OAK’s profit will be $86.46 million for 18.14 P/E if the $0.55 EPS becomes a reality. After $0.93 actual EPS reported by Oaktree Capital Group, LLC for the previous quarter, Wall Street now forecasts -40.86 % negative EPS growth.

Hawkins Capital L.P. holds 17.3% of its portfolio in Oaktree Capital Group, LLC for 227,495 shares. Intrepid Capital Management Inc owns 291,946 shares or 4.62% of their US portfolio. Moreover, Pekin Singer Strauss Asset Management Il has 3.14% invested in the company for 407,306 shares. The North Carolina-based Global Endowment Management Lp has invested 3.01% in the stock. Blume Capital Management Inc., a California-based fund reported 138,300 shares.

Since January 1, 0001, it had 0 buys, and 1 insider sale for $116,235 activity.

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

Ratings analysis reveals 17% of Oaktree Capital Group’s analysts are positive. Out of 6 Wall Street analysts rating Oaktree Capital Group, 1 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $42 while the high is $57. The stock’s average target of $47.60 is 19.30% above today’s ($39.9) share price. OAK was included in 8 notes of analysts from February 13, 2018. On Friday, April 27 the stock rating was downgraded by Keefe Bruyette & Woods to “Hold”. The stock has “Buy” rating by Keefe Bruyette & Woods on Wednesday, April 11. 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 “Overweight” rating by Morgan Stanley on Tuesday, April 10. Morgan Stanley maintained Oaktree Capital Group, LLC (NYSE:OAK) rating on Thursday, March 1. Morgan Stanley has “Overweight” rating and $57 target. Wood downgraded the shares of OAK in report on Friday, April 27 to “Market Perform” rating. Deutsche Bank maintained Oaktree Capital Group, LLC (NYSE:OAK) on Friday, April 6 with “Hold” rating. The firm has “Hold” rating given on Wednesday, April 11 by Jefferies.

More important recent Oaktree Capital Group, LLC (NYSE:OAK) news were published by: Bizjournals.com which released: “Uptown office tower sells for $133.5M after major renovations” on May 18, 2018, also Businesswire.com published article titled: “Oaktree Capital Group, LLC Announces Pricing of Public Offering of Series A Preferred Units”, Seekingalpha.com published: “Oaktree Capital Group LLC (OAK) Q1 2018 Results – Earnings Call Transcript” on April 26, 2018. More interesting news about Oaktree Capital Group, LLC (NYSE:OAK) was released by: Gurufocus.com and their article: “Chris Davis’ Top 3 Buys of the 1st Quarter” with publication date: May 14, 2018.

Oaktree Capital Group, LLC (NYSE:OAK) Institutional Positions Chart

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