The stock of Pzena Investment Management, Inc. (NYSE:PZN) hit a new 52-week high and has $10.56 target or 7.00% above today’s $9.87 share price. The 7 months bullish chart indicates low risk for the $673.07 million company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $10.56 price target is reached, the company will be worth $47.11M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 3.68% or $0.35 during the last trading session, hitting $9.87. About 47,719 shares traded hands or 12.25% up from the average. Pzena Investment Management, Inc. (NYSE:PZN) has risen 0.32% since April 22, 2016 and is uptrending. It has underperformed by 5.09% the S&P500.
Analysts await Pzena Investment Management, Inc. (NYSE:PZN) to report earnings on February, 14. They expect $0.12 EPS, 0.00% or $0.00 from last year’s $0.12 per share. PZN’s profit will be $8.18M for 20.56 P/E if the $0.12 EPS becomes a reality. After $0.12 actual EPS reported by Pzena Investment Management, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
According to Zacks Investment Research, “Pzena Investment Management, LLC, which will become the company’s operating company upon the consummation of the offering, is a premier value-oriented investment management firm with a record of investment excellence and exceptional client service.”
Insitutional Activity: The institutional sentiment decreased to 2.05 in Q2 2016. Its down 0.51, from 2.56 in 2016Q1. The ratio dropped, as 4 funds sold all Pzena Investment Management, Inc. shares owned while 12 reduced positions. 9 funds bought stakes while 32 increased positions. They now own 9.28 million shares or 1.27% more from 9.17 million shares in 2016Q1.
Deutsche National Bank & Trust Ag has 0% invested in the company for 65,754 shares. Walleye Trading Ltd Liability last reported 0% of its portfolio in the stock. Swiss Bank accumulated 0% or 16,900 shares. Menta Capital Limited Co accumulated 0.05% or 44,843 shares. Bridgeway Cap Mgmt last reported 0.01% of its portfolio in the stock. Goldman Sachs Grp Inc Incorporated Inc holds 0% of its portfolio in Pzena Investment Management, Inc. (NYSE:PZN) for 22,175 shares. Natl Bank Of America De owns 1,776 shares or 0% of their US portfolio. Northern Trust Corp accumulated 0% or 182,310 shares. The Pennsylvania-based Nationwide Fund Advisors has invested 0% in Pzena Investment Management, Inc. (NYSE:PZN). Teacher Retirement Sys Of Texas, a Texas-based fund reported 1,805 shares. Fmr Limited Com owns 415,776 shares or 0% of their US portfolio. Tiaa Cref Investment Management Limited holds 66,849 shares or 0% of its portfolio. Panagora Asset Management Incorporated has 0% invested in the company for 1,357 shares. Deprince Race Zollo last reported 280,824 shares in the company. Hillsdale Investment has 0% invested in the company for 1,100 shares.
Another recent and important Pzena Investment Management, Inc. (NYSE:PZN) news was published by Reuters.com which published an article titled: “BRIEF-Pzena Investment Management reports total AUM of $27.2 bln at Oct. e…” on November 07, 2016.
PZN Company Profile
Pzena Investment Management, Inc., incorporated on May 8, 2007, is an investment management firm. The Firm manages assets across a range of market capitalizations in both the United States and non-United States capital markets. The Firm manages separate accounts on behalf of institutions and acts as sub-investment adviser for a range of Securities and Exchange Commission (SEC)-registered mutual funds and non-United States funds. It also acts as an investment adviser for the Pzena Mutual Funds, certain private placement funds and non-United States funds. The Firm is the sole managing member of its operating company, Pzena Investment Management, LLC.
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