StockNews.com Begins Coverage on Pzena Investment Management (NYSE:PZN)

Equities researchers at StockNews.com started coverage on shares of Pzena Investment Management (NYSE:PZNGet Rating) in a note issued to investors on Friday. The firm set a “hold” rating on the asset manager’s stock.

Pzena Investment Management Trading Up 0.4 %

PZN opened at $9.65 on Friday. The stock has a market cap of $713.07 million, a price-to-earnings ratio of 13.79 and a beta of 1.31. Pzena Investment Management has a 1 year low of $6.07 and a 1 year high of $11.75. The stock has a fifty day moving average price of $9.59 and a 200 day moving average price of $8.39.

Hedge Funds Weigh In On Pzena Investment Management

Institutional investors have recently bought and sold shares of the stock. Rock Point Advisors LLC raised its holdings in Pzena Investment Management by 17.7% during the second quarter. Rock Point Advisors LLC now owns 291,490 shares of the asset manager’s stock valued at $1,921,000 after buying an additional 43,835 shares in the last quarter. Lincoln National Corp bought a new position in shares of Pzena Investment Management in the second quarter worth about $67,000. Monarch Partners Asset Management LLC increased its stake in shares of Pzena Investment Management by 20.0% in the first quarter. Monarch Partners Asset Management LLC now owns 263,210 shares of the asset manager’s stock worth $2,111,000 after purchasing an additional 43,812 shares during the period. Strs Ohio increased its stake in shares of Pzena Investment Management by 6.0% in the second quarter. Strs Ohio now owns 77,300 shares of the asset manager’s stock worth $509,000 after purchasing an additional 4,400 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its stake in shares of Pzena Investment Management by 39.0% in the second quarter. O Shaughnessy Asset Management LLC now owns 40,381 shares of the asset manager’s stock worth $266,000 after purchasing an additional 11,332 shares during the period. 14.93% of the stock is currently owned by institutional investors.

Pzena Investment Management Company Profile

(Get Rating)

Pzena Investment Management, Inc is a employee owned investment manager. The firm manages equity mutual funds for its clients. It invests in the public equity markets. The firm provides its services to Individuals, high net worth individuals, investment companies, pooled investment vehicles, charitable organizations, pension and profit sharing plans, state or municipal government entities, charitable organizations, other investment advisers, insurance companies, sovereign wealth funds and foreign official institutions, corporations or other businesses.

Further Reading

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