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

Brokers have set a one year consensus price target of $14.00 for the company and are predicting 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 71 out of 265 based on the ratings given to its competitors.

Separately, Zacks Investment Research raised shares of Pzena Investment Management from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Friday, January 12th.

Hedge funds have recently added to or reduced their stakes in the stock. Trexquant Investment LP purchased a new position in shares of Pzena Investment Management during the 3rd quarter worth about $160,000. Susquehanna International Group LLP purchased a new position in shares of Pzena Investment Management during the 2nd quarter worth about $173,000. The Manufacturers Life Insurance Company boosted its stake in shares of Pzena Investment Management by 23.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,818 shares of the asset manager’s stock worth $191,000 after purchasing an additional 3,603 shares during the period. Rhumbline Advisers boosted its stake in shares of Pzena Investment Management by 13.3% during the 2nd quarter. Rhumbline Advisers now owns 20,379 shares of the asset manager’s stock worth $207,000 after purchasing an additional 2,400 shares during the period. Finally, California State Teachers Retirement System boosted its stake in shares of Pzena Investment Management by 1.7% during the 2nd quarter. California State Teachers Retirement System now owns 29,955 shares of the asset manager’s stock worth $304,000 after purchasing an additional 500 shares during the period. 17.69% of the stock is owned by hedge funds and other institutional investors.

Shares of Pzena Investment Management (NYSE:PZN) traded up $0.19 during trading hours on Friday, hitting $13.05. 55,500 shares of the company’s stock were exchanged, compared to its average volume of 70,077. Pzena Investment Management has a 1-year low of $8.25 and a 1-year high of $13.08. The stock has a market cap of $871.07, a PE ratio of 18.64 and a beta of 1.75.

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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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