Pzena Investment Management (NYSE:PZN) Stock Rating Update by StockNews.com

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Pzena Investment Management (NYSE:PZN – Get a rating) was upgraded by StockNews.com equity research analysts from a “hold” to a “buy” rating in a research report released Thursday to clients and investors.

Pzena Investment Management shares up 0.5%

NYSE PZN opened at $9.55 on Thursday. Pzena Investment Management has a 52-week low of $6.07 and a 52-week high of $11.75. The stock has a market capitalization of $705.68 million, a PE ratio of 11.65 and a beta of 1.39. The company has a 50-day moving average of $7.47 and a 200-day moving average of $7.73.

Institutional entries and exits

Several large investors have recently changed their PZN holdings. Allspring Global Investments Holdings LLC acquired a new stock position in Pzena Investment Management in Q4 worth $700,000. Rock Point Advisors LLC increased its holdings of Pzena Investment Management shares by 2.5% in the fourth quarter. Rock Point Advisors LLC now owns 240,680 shares of the asset manager valued at $2,279,000 after buying an additional 5,955 shares last quarter. Connor Clark & ​​Lunn Investment Management Ltd. increased its holdings of Pzena Investment Management shares by 11.4% in the fourth quarter. Connor Clark & ​​Lunn Investment Management Ltd. now owns 13,259 shares of the asset manager valued at $126,000 after buying an additional 1,354 shares last quarter. Assenagon Asset Management SA increased its stake in Pzena Investment Management shares by 12.0% in the 1st quarter. Assenagon Asset Management SA now owns 38,363 shares of the asset manager valued at $308,000 after buying an additional 4,112 shares last quarter. Finally, Nisa Investment Advisors LLC increased its stake in shares of Pzena Investment Management by 653.0% in the 1st quarter. Nisa Investment Advisors LLC now owns 6,250 shares of the asset manager valued at $50,000 after buying an additional 5,420 shares last quarter. Institutional investors and hedge funds own 14.54% of the company’s shares.

Pzena Investment Management Company Profile

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

Further reading

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