Pzena Investment Management, Inc. (NYSE:PZN) has received an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.

Brokers have set a 1 year consensus target price of $14.00 for the company and are expecting that the company will post $0.17 EPS for the current quarter, according to Zacks. Zacks has also given Pzena Investment Management an industry rank of 68 out of 265 based on the ratings given to its competitors.

Separately, Zacks Investment Research upgraded Pzena Investment Management from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a report on Thursday.

Shares of Pzena Investment Management (NYSE:PZN) traded up $0.73 during trading on Thursday, reaching $11.46. The company had a trading volume of 123,522 shares, compared to its average volume of 35,832. The firm has a market cap of $785.46, a P/E ratio of 16.14 and a beta of 1.69. Pzena Investment Management has a twelve month low of $8.25 and a twelve month high of $12.70.

Pzena Investment Management (NYSE:PZN) last released its quarterly earnings results on Tuesday, October 17th. The asset manager reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.02. Pzena Investment Management had a return on equity of 12.92% and a net margin of 14.41%. The firm had revenue of $36.23 million for the quarter, compared to the consensus estimate of $35.00 million. The business’s quarterly revenue was up 34.2% compared to the same quarter last year. equities analysts forecast that Pzena Investment Management will post 0.6 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Punch & Associates Investment Management Inc. raised its position in Pzena Investment Management by 2.6% during the second quarter. Punch & Associates Investment Management Inc. now owns 1,686,280 shares of the asset manager’s stock valued at $17,133,000 after purchasing an additional 43,281 shares in the last quarter. Epoch Investment Partners Inc. increased its holdings in shares of Pzena Investment Management by 1.2% during the third quarter. Epoch Investment Partners Inc. now owns 1,399,930 shares of the asset manager’s stock worth $15,245,000 after buying an additional 16,511 shares in the last quarter. Deprince Race & Zollo Inc. increased its holdings in shares of Pzena Investment Management by 29.8% during the third quarter. Deprince Race & Zollo Inc. now owns 842,134 shares of the asset manager’s stock worth $9,171,000 after buying an additional 193,117 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Pzena Investment Management by 2.4% during the second quarter. Vanguard Group Inc. now owns 786,395 shares of the asset manager’s stock worth $7,990,000 after buying an additional 18,356 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Pzena Investment Management by 3.0% during the third quarter. Dimensional Fund Advisors LP now owns 384,262 shares of the asset manager’s stock worth $4,185,000 after buying an additional 11,181 shares in the last quarter. Institutional investors and hedge funds own 17.70% of the company’s stock.

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About Pzena Investment Management

Pzena Investment Management, Inc is a holding company. The Company is the sole managing member of Pzena Investment Management, LLC. Pzena Investment Management, LLC is an investment management company. The Company also serves as the general partner of Pzena Investment Management, LP. The Company offers institutional investment products to public and corporate pension funds, endowments, foundations and certain commingled vehicles geared toward institutional investors.

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