Sculptor Capital Management (NYSE:SCU) Price Target Cut to $32.00 by Analysts at Citigroup

Sculptor Capital Management (NYSE:SCUGet Rating) had its price objective cut by stock analysts at Citigroup from $33.50 to $32.00 in a research note issued to investors on Tuesday, April 12th, MarketBeat reports. The firm currently has a “buy” rating on the stock. Citigroup’s target price indicates a potential upside of 175.39% from the company’s current price.

Separately, Zacks Investment Research cut Sculptor Capital Management from a “hold” rating to a “sell” rating in a research report on Friday, April 8th.

SCU traded up $0.15 on Tuesday, hitting $11.62. The company had a trading volume of 141,386 shares, compared to its average volume of 303,587. The stock has a fifty day moving average price of $12.48 and a 200-day moving average price of $17.59. Sculptor Capital Management has a 12-month low of $10.30 and a 12-month high of $28.90. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.49 and a quick ratio of 1.49.

Sculptor Capital Management (NYSE:SCUGet Rating) last issued its quarterly earnings results on Wednesday, February 16th. The company reported ($0.94) earnings per share for the quarter, missing the consensus estimate of $2.20 by ($3.14). Sculptor Capital Management had a return on equity of 21.82% and a net margin of 2.77%. The business had revenue of $249.86 million during the quarter, compared to analyst estimates of $396.02 million. Research analysts anticipate that Sculptor Capital Management will post 3.21 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SCU. Millennium Management LLC acquired a new stake in shares of Sculptor Capital Management in the 4th quarter valued at approximately $15,123,000. Russell Investments Group Ltd. grew its position in shares of Sculptor Capital Management by 135.6% in the fourth quarter. Russell Investments Group Ltd. now owns 1,019,174 shares of the company’s stock valued at $21,756,000 after purchasing an additional 586,627 shares during the period. Invesco Ltd. boosted its holdings in Sculptor Capital Management by 1,534.4% in the fourth quarter. Invesco Ltd. now owns 554,628 shares of the company’s stock valued at $11,841,000 after acquiring an additional 520,693 shares during the last quarter. State Street Corp boosted its holdings in Sculptor Capital Management by 49.4% in the fourth quarter. State Street Corp now owns 618,001 shares of the company’s stock valued at $13,194,000 after acquiring an additional 204,422 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in Sculptor Capital Management in the fourth quarter valued at $3,738,000. Institutional investors and hedge funds own 25.28% of the company’s stock.

Sculptor Capital Management Company Profile (Get Rating)

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

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