Sculptor Capital Management (NYSE:SCU) Price target reduced to $32.00


Sculptor Capital Management (NYSE:SCU – Get Rating) saw its price target lowered by Citigroup from $33.50 to $32.00 in a report released Tuesday morning, Marketbeat.com reports. Citigroup currently has a buy rating on the stock.

Separately, Zacks Investment Research downgraded shares of Sculptor Capital Management from a hold rating to a sell rating in a Friday, April 8 report.

NYSE SCU shares opened at $11.90 on Tuesday. The company has a 50-day simple moving average of $13.85 and a 200-day simple moving average of $19.33. The company has a market capitalization of $777.91 million, a P/E ratio of -7.88 and a beta of 1.56. The company has a debt ratio of 0.75, a current ratio of 1.49 and a quick ratio of 1.49. Sculptor Capital Management has a 1-year minimum of $11.59 and a 1-year maximum of $28.90.

Sculptor Capital Management (NYSE:SCU – Get Rating) last announced its quarterly results on Wednesday, February 16. The company reported ($0.94) earnings per share (EPS) for the quarter, missing the Zacks consensus estimate of $2.20 per ($3.14). Sculptor Capital Management achieved a return on equity of 21.82% and a net margin of 2.77%. The company posted revenue of $249.86 million for the quarter, versus analyst estimates of $396.02 million. As a group, research analysts expect Sculptor Capital Management to post EPS of 3.21 for the current year.

In other news, COO Wayne Cohen sold 8,607 shares of Sculptor Capital Management in a trade on Tuesday, February 1. The shares were sold at an average price of $19.37, for a total transaction of $166,717.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. 13.83% of the shares are currently held by insiders.

Institutional investors have recently increased or reduced their stake in the company. Wells Fargo & Company MN increased its position in Sculptor Capital Management by 457.3% in the second quarter. Wells Fargo & Company MN now owns 106,063 shares of the company valued at $2,607,000 after acquiring an additional 87,031 shares in the last quarter. American Century Companies Inc. acquired a new stake in Sculptor Capital Management in the third quarter at a value of $1,858,000. Arrowstreet Capital Limited Partnership increased its position in Sculptor Capital Management by 10.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 293,316 shares of the company valued at $8,181,000 after acquiring an additional 27,339 shares in the last quarter. Renaissance Technologies LLC increased its position in Sculptor Capital Management by 60.9% in the third quarter. Renaissance Technologies LLC now owns 87,200 shares of the company valued at $2,432,000 after acquiring an additional 33,000 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in Sculptor Capital Management in the third quarter at a value of $312,000. 34.18% of the shares are held by institutional investors and hedge funds.

Sculptor Capital Management Company Profile (Get a rating)

Sculptor Capital Management, Inc is a public hedge fund sponsor. The company provides investment advisory services to its clients. It is primarily aimed at institutional investors, which include pension funds, funds of funds, foundations and endowments, corporations and other institutions, private banks and family offices.

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