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 research analyst has rated the stock with a hold recommendation.
Brokers have set a 1-year consensus target price of $14.00 for the company and are predicting that the company will post $0.19 EPS for the current quarter, according to Zacks. Zacks has also given Pzena Investment Management an industry rank of 194 out of 265 based on the ratings given to related companies.
A number of equities research analysts have commented on the company. Zacks Investment Research cut Pzena Investment Management from a “hold” rating to a “sell” rating in a research note on Wednesday, March 7th. TheStreet cut Pzena Investment Management from a “b+” rating to a “c+” rating in a research note on Wednesday, February 7th. Finally, ValuEngine raised Pzena Investment Management from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th.
Pzena Investment Management stock traded down $0.34 during mid-day trading on Friday, reaching $10.55. The stock had a trading volume of 43,169 shares, compared to its average volume of 35,239. Pzena Investment Management has a fifty-two week low of $8.25 and a fifty-two week high of $13.15. The stock has a market capitalization of $723.09, a PE ratio of 16.75 and a beta of 1.76.
Pzena Investment Management (NYSE:PZN) last announced its quarterly earnings data on Tuesday, February 6th. The asset manager reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.02. Pzena Investment Management had a return on equity of 12.90% and a net margin of 4.89%. The firm had revenue of $38.91 million during the quarter, compared to analysts’ expectations of $37.51 million. During the same quarter last year, the firm posted $0.15 earnings per share. The company’s revenue for the quarter was up 33.8% compared to the same quarter last year. analysts expect that Pzena Investment Management will post 0.86 earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in the business. Millennium Management LLC grew its stake in Pzena Investment Management by 85.3% in the fourth quarter. Millennium Management LLC now owns 162,993 shares of the asset manager’s stock valued at $1,739,000 after acquiring an additional 75,046 shares during the period. Stone Ridge Asset Management LLC purchased a new position in shares of Pzena Investment Management during the fourth quarter valued at approximately $573,000. Deutsche Bank AG boosted its position in shares of Pzena Investment Management by 69.5% during the fourth quarter. Deutsche Bank AG now owns 132,096 shares of the asset manager’s stock valued at $1,407,000 after buying an additional 54,178 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Pzena Investment Management by 7.6% during the fourth quarter. Renaissance Technologies LLC now owns 747,200 shares of the asset manager’s stock valued at $7,973,000 after buying an additional 52,800 shares during the last quarter. Finally, Spark Investment Management LLC purchased a new position in shares of Pzena Investment Management during the fourth quarter valued at approximately $337,000. 17.63% of the stock is owned by hedge funds and other institutional investors.
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About Pzena Investment Management
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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