The Brokerages Anticipate Pzena Investment Management Inc. (NYSE:PZN) to Post $0.10 EPS

The Brokerages Anticipate Pzena Investment Management Inc. (NYSE:PZN) to Post $0.10 EPS

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 $8.00 for the company and are anticipating that the company will post $0.10 EPS for the current quarter, according to Zacks. Zacks has also given Pzena Investment Management an industry rank of 107 out of 265 based on the ratings given to its competitors.

Large investors have recently modified their holdings of the company. Cadence Capital Management LLC raised its stake in shares of Pzena Investment Management by 68.7% in the second quarter. Cadence Capital Management LLC now owns 101,261 shares of the company’s stock valued at $771,000 after buying an additional 41,223 shares during the last quarter. Menta Capital LLC raised its stake in shares of Pzena Investment Management by 2.1% in the first quarter. Menta Capital LLC now owns 46,743 shares of the company’s stock valued at $353,000 after buying an additional 950 shares during the last quarter. Royce & Associates LP raised its stake in shares of Pzena Investment Management by 15.4% in the first quarter. Royce & Associates LP now owns 582,400 shares of the company’s stock valued at $4,397,000 after buying an additional 77,800 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Pzena Investment Management by 1.1% in the first quarter. Geode Capital Management LLC now owns 74,910 shares of the company’s stock valued at $565,000 after buying an additional 781 shares during the last quarter. Finally, Emerald Acquisition Ltd. bought a new stake in shares of Pzena Investment Management during the second quarter valued at about $1,506,000. Institutional investors own 14.12% of the company’s stock.

Pzena Investment Management (NYSE:PZN) opened at 7.28 on Thursday. The firm’s 50-day moving average is $7.72 and its 200 day moving average is $8.06. The firm has a market capitalization of $119.17 million, a P/E ratio of 16.40 and a beta of 2.06. Pzena Investment Management has a 12 month low of $5.91 and a 12 month high of $9.81.

Pzena Investment Management (NYSE:PZN) last issued its quarterly earnings results on Tuesday, July 19th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.01. Pzena Investment Management had a net margin of 6.47% and a return on equity of 9.99%. The company earned $26.44 million during the quarter, compared to analyst estimates of $26 million. On average, analysts expect that Pzena Investment Management will post $0.39 EPS for the current fiscal year.

About Pzena Investment Management

Pzena Investment Management, Inc is an investment management firm. The Company manages assets across a range of market capitalizations in both the United States and non-United States capital markets. The Company manages separate accounts on behalf of institutions, acts as sub-investment adviser for a range of Securities and Exchange Commission (SEC)-registered mutual funds and non-United States funds, and acts as investment adviser for the Pzena Mutual Funds, certain private placement funds and non-United States funds.

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