Worth Watching: Pzena Investment Management, Inc.’s Trend Up, Especially After Today’s 52-Week High Milestone

Worth Watching: Pzena Investment Management, Inc.'s Trend Up, Especially After Today's 52 Week High Milestone

The stock of Pzena Investment Management, Inc. (NYSE:PZN) hit a new 52-week high and has $10.41 target or 5.00% above today’s $9.91 share price. The 5 months bullish chart indicates low risk for the $668.56M company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $10.41 price target is reached, the company will be worth $33.43 million 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 0.20% or $0.02 on December 1, hitting $9.91. About 119,078 shares traded hands or 177.40% up from the average. Pzena Investment Management, Inc. (NYSE:PZN) has risen 9.77% since April 28, 2016 and is uptrending. It has outperformed by 3.84% the S&P500.

Analysts await Pzena Investment Management, Inc. (NYSE:PZN) to report earnings on February, 14. They expect $0.12 earnings per share, 0.00% or $0.00 from last year’s $0.12 per share. PZN’s profit will be $8.10M for 20.65 P/E if the $0.12 EPS becomes a reality. After $0.12 actual earnings per share 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 2016 Q2. Its down 0.51, from 2.56 in 2016Q1. The ratio dived, 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.
Moreover, Teacher Retirement System Of Texas has 0% invested in Pzena Investment Management, Inc. (NYSE:PZN) for 1,805 shares. Levin Cap Strategies L P accumulated 0% or 21,000 shares. Ameriprise Fin Inc last reported 132,826 shares in the company. The New York-based Teton Advsr has invested 0.11% in Pzena Investment Management, Inc. (NYSE:PZN). Citigroup has invested 0% of its portfolio in Pzena Investment Management, Inc. (NYSE:PZN). Blackrock Grp Ltd has 0% invested in the company for 46,486 shares. Vanguard Group owns 685,138 shares or 0% of their US portfolio. Moreover, Strs Ohio has 0% invested in Pzena Investment Management, Inc. (NYSE:PZN) for 69,400 shares. Nationwide Fund Advsr, a Pennsylvania-based fund reported 113,284 shares. Cetera Advisors Ltd Liability holds 15,400 shares or 0.01% of its portfolio. Pnc Fincl Gru holds 0% of its portfolio in Pzena Investment Management, Inc. (NYSE:PZN) for 176 shares. Deprince Race Zollo has invested 0.04% of its portfolio in Pzena Investment Management, Inc. (NYSE:PZN). Falcon Point Ltd Limited Liability Company accumulated 132,704 shares or 0.17% of the stock. Ativo Ltd Liability has 0.26% invested in the company for 137,895 shares. California Pub Employees Retirement Systems owns 24,210 shares or 0% of their US portfolio.

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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