Today: Pzena Investment Management Inc. (PZN) Scheduled to Post Earnings on Tuesday

Today: Pzena Investment Management Inc. (PZN) Scheduled to Post Earnings on Tuesday

Pzena Investment Management Inc. (NYSE:PZN) will post its quarterly earnings results after the market closes on Tuesday, October 18th. Analysts expect Pzena Investment Management to post earnings of $0.10 per share for the quarter.

Pzena Investment Management (NYSE:PZN) last issued its quarterly earnings results on Tuesday, July 19th. The company reported $0.10 earnings per share for the quarter, beating the Zacks’ 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 the consensus estimate of $26 million. On average, analysts expect Pzena Investment Management to post $0.39 EPS for the current fiscal year and $0.49 EPS for the next fiscal year.

Shares of Pzena Investment Management Inc. (NYSE:PZN) opened at 7.70 on Monday. Pzena Investment Management Inc. has a one year low of $5.91 and a one year high of $9.81. The firm has a 50-day moving average of $7.70 and a 200-day moving average of $8.05. The firm has a market capitalization of $126.04 million, a P/E ratio of 17.34 and a beta of 2.06.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC bought a new position in Pzena Investment Management during the second quarter valued at about $3,164,000. Ativo Capital Management LLC raised its position in Pzena Investment Management by 96.6% in the second quarter. Ativo Capital Management LLC now owns 137,895 shares of the company’s stock valued at $1,049,000 after buying an additional 67,765 shares in the last quarter. BlackRock Fund Advisors raised its position in Pzena Investment Management by 13.8% in the second quarter. BlackRock Fund Advisors now owns 380,655 shares of the company’s stock valued at $2,897,000 after buying an additional 46,114 shares in the last quarter. O Shaughnessy Asset Management LLC raised its position in Pzena Investment Management by 549.0% in the second quarter. O Shaughnessy Asset Management LLC now owns 21,740 shares of the company’s stock valued at $165,000 after buying an additional 18,390 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Pzena Investment Management by 4.8% in the second quarter. Dimensional Fund Advisors LP now owns 286,150 shares of the company’s stock valued at $2,178,000 after buying an additional 13,041 shares in the last quarter. Hedge funds and other institutional investors own 14.12% of the company’s stock.

About Pzena Investment Management

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