Pzena Investment Management Inc (NYSE:PZN) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Friday.

Several other research firms have also recently commented on PZN. BidaskClub raised Pzena Investment Management from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Zacks Investment Research raised Pzena Investment Management from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a report on Friday, July 21st.

Shares of Pzena Investment Management (NYSE:PZN) opened at 9.93 on Friday. The stock has a 50 day moving average price of $10.36 and a 200-day moving average price of $9.83. Pzena Investment Management has a one year low of $7.11 and a one year high of $11.85. The company has a market capitalization of $171.64 million, a P/E ratio of 15.16 and a beta of 1.68.

Pzena Investment Management (NYSE:PZN) last posted its quarterly earnings results on Tuesday, July 18th. The asset manager reported $0.15 EPS for the quarter, beating the consensus estimate of $0.12 by $0.03. The firm had revenue of $34.11 million during the quarter, compared to analysts’ expectations of $32 million. Pzena Investment Management had a return on equity of 12.93% and a net margin of 14.82%. The company’s revenue for the quarter was up 29.0% on a year-over-year basis. Equities research analysts predict that Pzena Investment Management will post $0.58 earnings per share for the current fiscal year.

WARNING: “Pzena Investment Management Inc (PZN) Downgraded by ValuEngine to Hold” was posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this article on another site, it was stolen and republished in violation of US & international copyright legislation. The correct version of this article can be viewed at https://theolympiareport.com/2017/09/02/pzena-investment-management-inc-pzn-downgraded-by-valuengine-to-hold.html.

A number of institutional investors have recently bought and sold shares of PZN. Los Angeles Capital Management & Equity Research Inc. boosted its position in Pzena Investment Management by 166.4% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 53,767 shares of the asset manager’s stock valued at $529,000 after buying an additional 33,581 shares during the period. Martingale Asset Management L P boosted its position in Pzena Investment Management by 142.8% in the first quarter. Martingale Asset Management L P now owns 67,031 shares of the asset manager’s stock valued at $660,000 after buying an additional 39,422 shares during the period. Oxford Asset Management purchased a new position in Pzena Investment Management during the first quarter valued at approximately $126,000. Hillsdale Investment Management Inc. boosted its position in Pzena Investment Management by 97.2% in the first quarter. Hillsdale Investment Management Inc. now owns 91,300 shares of the asset manager’s stock valued at $899,000 after buying an additional 45,000 shares during the period. Finally, Acrospire Investment Management LLC boosted its position in Pzena Investment Management by 16.3% in the first quarter. Acrospire Investment Management LLC now owns 17,122 shares of the asset manager’s stock valued at $168,000 after buying an additional 2,398 shares during the period. 17.38% of the stock is owned by hedge funds and other institutional investors.

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.

Receive News & Ratings for Pzena Investment Management Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pzena Investment Management Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.