Could Oaktree Capital Group, LLC (OAK) See a Reversal After Breaking Its 52 Week Low?

March 22, 2018 - By Henry Gaston

Investors sentiment decreased to 1.08 in Q3 2017. Its down 0.15, from 1.23 in 2017Q2. It dropped, as 17 investors sold Oaktree Capital Group, LLC shares while 49 reduced holdings. 20 funds opened positions while 51 raised stakes. 34.64 million shares or 3.10% more from 33.59 million shares in 2017Q2 were reported.
Violich Capital Management owns 7,351 shares. Westpac Corporation, Australia-based fund reported 123,600 shares. Shelter Mutual Ins reported 1.72% of its portfolio in Oaktree Capital Group, LLC (NYSE:OAK). Morgan Stanley has 2.05M shares for 0.03% of their portfolio. Natl Bank Of Ny Mellon Corp holds 0% or 30,058 shares. Bradley Foster & Sargent Incorporated Ct holds 50,175 shares or 0.09% of its portfolio. Salem Inv Counselors owns 48,586 shares. 416,310 were accumulated by Burgundy Asset Limited. Natl Investment Wi owns 45,655 shares. Sterling Inv Mngmt stated it has 0.7% in Oaktree Capital Group, LLC (NYSE:OAK). Capwealth Advsrs Ltd Company reported 45,969 shares. Neuberger Berman Grp Limited Liability has invested 0.01% of its portfolio in Oaktree Capital Group, LLC (NYSE:OAK). Lpl Fincl Limited Liability holds 0.01% or 64,472 shares. Hl Financial Service Limited Company reported 11,541 shares. Renaissance Ltd Liability reported 305,270 shares stake.

The stock of Oaktree Capital Group, LLC (NYSE:OAK) hit a new 52-week low and has $36.57 target or 8.00 % below today’s $39.75 share price. The 7 months bearish chart indicates high risk for the $6.21 billion company. The 1-year low was reported on Mar, 22 by If the $36.57 price target is reached, the company will be worth $496.96 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 0.50% or $0.2 during the last trading session, reaching $39.75. About 381,661 shares traded. Oaktree Capital Group, LLC (NYSE:OAK) has risen 0.83% since March 22, 2017 and is uptrending. It has underperformed by 15.87% the S&P500.

Analysts await Oaktree Capital Group, LLC (NYSE:OAK) to report earnings on April, 26. They expect $0.83 earnings per share, down 3.49 % or $0.03 from last year’s $0.86 per share. OAK’s profit will be $129.71 million for 11.97 P/E if the $0.83 EPS becomes a reality. After $0.72 actual earnings per share reported by Oaktree Capital Group, LLC for the previous quarter, Wall Street now forecasts 15.28 % EPS growth.

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

Among 9 analysts covering Oaktree Capital Group (NYSE:OAK), 2 have Buy rating, 1 Sell and 6 Hold. Therefore 22% are positive. Oaktree Capital Group had 28 analyst reports since July 30, 2015 according to SRatingsIntel. On Thursday, July 27 the stock rating was maintained by Oppenheimer with “Hold”. The stock has “Buy” rating by Deutsche Bank on Friday, March 11. On Tuesday, August 11 the stock rating was initiated by Goldman Sachs with “Conviction Buy”. The firm earned “Hold” rating on Friday, July 28 by Goldman Sachs. Deutsche Bank maintained it with “Buy” rating and $52.0 target in Friday, January 8 report. The company was maintained on Tuesday, August 11 by Barclays Capital. The firm earned “Buy” rating on Thursday, June 16 by Deutsche Bank. On Thursday, March 1 the stock rating was maintained by Morgan Stanley with “Overweight”. The firm has “Buy” rating given on Wednesday, September 20 by Keefe Bruyette & Woods. On Friday, September 18 the stock rating was maintained by Deutsche Bank with “Buy”.

Oaktree Capital Group, LLC operates as a global investment management firm that focuses on alternative markets. The company has market cap of $6.21 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 11.01 P/E ratio. The firm pursues these strategies through closed-end, open-end, and evergreen funds.

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