Pzena Investment Management, Inc. (NYSE:PZN) has earned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.

Analysts have set a 12-month consensus price objective of $14.00 for the company and are anticipating 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 shares of Pzena Investment Management from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Wednesday, October 25th.

A number of large investors have recently modified their holdings of PZN. Trexquant Investment LP purchased a new stake in Pzena Investment Management during the third quarter worth about $160,000. Susquehanna International Group LLP purchased a new stake in shares of Pzena Investment Management during the second quarter worth approximately $173,000. The Manufacturers Life Insurance Company increased its stake in shares of Pzena Investment Management by 23.7% during the second quarter. The Manufacturers Life Insurance Company now owns 18,818 shares of the asset manager’s stock worth $191,000 after buying an additional 3,603 shares during the period. Rhumbline Advisers increased its stake in shares of Pzena Investment Management by 13.3% during the second quarter. Rhumbline Advisers now owns 20,379 shares of the asset manager’s stock worth $207,000 after buying an additional 2,400 shares during the period. Finally, California State Teachers Retirement System increased its stake in shares of Pzena Investment Management by 1.7% during the second quarter. California State Teachers Retirement System now owns 29,955 shares of the asset manager’s stock worth $304,000 after buying an additional 500 shares during the period. Institutional investors own 17.70% of the company’s stock.

Shares of Pzena Investment Management (NYSE:PZN) traded up $0.19 during trading hours on Thursday, reaching $10.26. 70,600 shares of the company’s stock were exchanged, compared to its average volume of 84,900. The stock has a market capitalization of $690.19, a price-to-earnings ratio of 14.45 and a beta of 1.69. Pzena Investment Management has a one year low of $8.25 and a one year high of $12.70.

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

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Pzena Investment Management Company Profile

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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