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Principale » Strs Ohio Raises Stake in Pzena Investment Management Inc (PZN)

Strs Ohio Raises Stake in Pzena Investment Management Inc (PZN)

19 Juin 2017

Strs Ohio increased its stake in shares of Pzena Investment Management Inc (NYSE:PZN) by 13.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The Company is the sole managing member of Pzena Investment Management, LLC. (NYSE:PZN). Ativo Management Limited Liability Company has 0.32% invested in Pzena Investment Management, Inc. The company had a trading volume of 145,077 shares. The firm has a market capitalization of $161.41 million, a P/E ratio of 15.45 and a beta of 1.70. Pzena Investment Management's payout ratio is presently 20.00%. The stock has a 50 day moving average price of $9.34 and a 200 day moving average price of $10.02.

Pzena Investment Management (NYSE:PZN) last released its quarterly earnings results on Tuesday, April 18th. The asset manager reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.13 by $0.01. The company had revenue of $32 million for the quarter, compared to analyst estimates of $30 million. Pzena Investment Management had a return on equity of 12.70% and a net margin of 14.75%. The business's revenue for the quarter was up 24.0% compared to the same quarter a year ago. On average, analysts anticipate that Pzena Investment Management will post $0.52 earnings per share for the current fiscal year. Menta Capital Limited Liability holds 0.02% of its portfolio in Pzena Investment Management, Inc. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of USA & global trademark and copyright laws.

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Several institutional investors have recently modified their holdings of PZN. Blackrock Group Ltd has invested 0% of its portfolio in Pzena Investment Management, Inc. Punch And Associates Invest Management Incorporated stated it has 1.48 million shares. Schwab Charles Investment Mgmt reported 0% in Pzena Investment Management, Inc. Vanguard Group Inc. now owns 768,039 shares of the asset manager's stock worth $7,557,000 after buying an additional 3,265 shares during the last quarter. Pzena Investment Management, Inc. Renaissance Technologies LLC now owns 604,400 shares of the asset manager's stock worth $5,947,000 after buying an additional 49,800 shares during the period. FMR LLC raised its position in shares of Pzena Investment Management by 42.9% in the first quarter. AlphaOne also gave media headlines about the asset manager an impact score of 48 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next few days. Finally, Dimensional Fund Advisors LP raised its stake in shares of Pzena Investment Management by 1.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 305,503 shares of the asset manager's stock worth $3,394,000 after buying an additional 4,771 shares during the period. Moreover, Bridgeway Cap Mngmt has 0.01% invested in Pzena Investment Management, Inc.

Separately, Zacks Investment Research upgraded Pzena Investment Management from a "hold" rating to a "buy" rating and set a $12.00 price target on the stock in a report on Friday, April 14th.