Zacks: Analysts Set $14.00 Target Price for Pzena Investment Management, Inc. (PZN)

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 upgraded shares of Pzena Investment Management from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Wednesday, October 25th.

Shares of Pzena Investment Management (NYSE PZN) traded up $0.19 during mid-day trading on Friday, reaching $13.05. 55,500 shares of the company traded hands, compared to its average volume of 70,077. Pzena Investment Management has a 52 week low of $8.25 and a 52 week high of $13.08. The stock has a market capitalization of $871.07, a PE ratio of 18.64 and a beta of 1.75.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PZN. Schwab Charles Investment Management Inc. raised its position in shares of Pzena Investment Management by 0.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 51,136 shares of the asset manager’s stock valued at $520,000 after purchasing an additional 266 shares during the period. Rhumbline Advisers raised its position 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 valued at $207,000 after purchasing an additional 2,400 shares during the period. Nationwide Fund Advisors raised its position in shares of Pzena Investment Management by 60.7% during the 2nd quarter. Nationwide Fund Advisors now owns 157,340 shares of the asset manager’s stock valued at $1,599,000 after purchasing an additional 59,450 shares during the period. Menta Capital LLC raised its position in shares of Pzena Investment Management by 98.5% during the 2nd quarter. Menta Capital LLC now owns 76,983 shares of the asset manager’s stock valued at $782,000 after purchasing an additional 38,197 shares during the period. Finally, Penn Capital Management Co. Inc. bought a new stake in shares of Pzena Investment Management during the 2nd quarter valued at $770,000. Institutional investors and hedge funds own 17.69% 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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