Pzena Investment Management Inc. (NYSE:PZN) has been given an average broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.
Brokerages have set a 12-month consensus price target of $8.00 for the company and are anticipating that the company will post $0.10 EPS for the current quarter, according to Zacks. Zacks has also given Pzena Investment Management an industry rank of 105 out of 265 based on the ratings given to its competitors.
Pzena Investment Management (NYSE:PZN) traded down 0.40% during trading on Thursday, hitting $7.51. The stock had a trading volume of 4,803 shares. The company has a market cap of $122.93 million, a PE ratio of 16.91 and a beta of 2.06. Pzena Investment Management has a 12 month low of $5.91 and a 12 month high of $9.81. The company’s 50 day moving average is $7.74 and its 200-day moving average is $8.06.
Pzena Investment Management (NYSE:PZN) last posted its quarterly earnings results on Tuesday, July 19th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.09 by $0.01. Pzena Investment Management had a return on equity of 9.99% and a net margin of 6.47%. The firm earned $26.44 million during the quarter, compared to analysts’ expectations of $26 million. On average, equities research analysts predict that Pzena Investment Management will post $0.39 earnings per share for the current year.
Large investors have recently bought and sold shares of the company. FMR LLC acquired a new stake in Pzena Investment Management during the second quarter valued at about $3,164,000. Emerald Acquisition Ltd. acquired a new stake in Pzena Investment Management during the second quarter valued at about $1,506,000. Ameriprise Financial Inc. acquired a new stake in Pzena Investment Management during the second quarter valued at about $1,011,000. Royce & Associates LP boosted its stake in Pzena Investment Management by 15.4% in the first quarter. Royce & Associates LP now owns 582,400 shares of the company’s stock valued at $4,397,000 after buying an additional 77,800 shares during the period. Finally, Ativo Capital Management LLC boosted its stake in Pzena Investment Management by 96.6% in the second quarter. Ativo Capital Management LLC now owns 137,895 shares of the company’s stock valued at $1,049,000 after buying an additional 67,765 shares during the period. 14.12% of the stock is owned by institutional investors.
About Pzena Investment Management
Pzena Investment Management, Inc is an investment management firm. The Company manages assets across a range of market capitalizations in both the United States and non-United States capital markets. The Company manages separate accounts on behalf of institutions, acts as sub-investment adviser for a range of Securities and Exchange Commission (SEC)-registered mutual funds and non-United States funds, and acts as investment adviser for the Pzena Mutual Funds, certain private placement funds and non-United States funds.
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