Shares of Pzena Investment Management, Inc. (NYSE:PZN) have earned a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.
Brokers have set a 12-month consensus target price of $9.00 for the company and are expecting that the company will post $0.15 EPS for the current quarter, according to Zacks. Zacks has also given Pzena Investment Management an industry rank of 34 out of 255 based on the ratings given to related companies.
A number of equities analysts have commented on PZN shares. Zacks Investment Research upgraded shares of Pzena Investment Management from a “sell” rating to a “buy” rating and set a $10.00 price objective on the stock in a report on Thursday, March 14th. ValuEngine upgraded shares of Pzena Investment Management from a “sell” rating to a “hold” rating in a report on Saturday, February 23rd.
PZN stock traded down $0.21 during trading on Wednesday, reaching $8.20. The stock had a trading volume of 66,800 shares, compared to its average volume of 61,915. Pzena Investment Management has a 1-year low of $7.36 and a 1-year high of $10.48. The firm has a market capitalization of $571.05 million, a P/E ratio of 10.65 and a beta of 1.15.
Pzena Investment Management (NYSE:PZN) last issued its quarterly earnings data on Tuesday, February 5th. The asset manager reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). Pzena Investment Management had a return on equity of 15.14% and a net margin of 8.98%. The firm had revenue of $36.40 million during the quarter, compared to analyst estimates of $36.79 million. Research analysts predict that Pzena Investment Management will post 0.68 EPS for the current fiscal year.
Several institutional investors have recently modified their holdings of PZN. Royce & Associates LP raised its stake in shares of Pzena Investment Management by 119.8% in the 4th quarter. Royce & Associates LP now owns 728,252 shares of the asset manager’s stock valued at $6,299,000 after purchasing an additional 396,909 shares in the last quarter. Great Lakes Advisors LLC acquired a new stake in shares of Pzena Investment Management in the 3rd quarter valued at about $1,116,000. Renaissance Technologies LLC raised its stake in shares of Pzena Investment Management by 8.8% in the 3rd quarter. Renaissance Technologies LLC now owns 896,300 shares of the asset manager’s stock valued at $8,551,000 after purchasing an additional 72,400 shares in the last quarter. First Quadrant L P CA raised its stake in shares of Pzena Investment Management by 70.6% in the 4th quarter. First Quadrant L P CA now owns 75,819 shares of the asset manager’s stock valued at $656,000 after purchasing an additional 31,379 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Pzena Investment Management in the 3rd quarter valued at about $280,000. Institutional investors and hedge funds own 16.94% of the company’s stock.
Pzena Investment Management Company Profile
Pzena Investment Management, Inc is a publicly owned investment manager. The firm manages equity mutual funds for its clients. It invests in the public equity markets. Pzena Investment Management, Inc was founded in 2007 and is based in New York City with additional offices in Melbourne, Australia and London, United Kingdom.
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