Renaissance Technologies LLC Grows Stock Holdings in Pzena Investment Management, Inc. (NYSE:PZN)

Renaissance Technologies LLC raised its position in shares of Pzena Investment Management, Inc. (NYSE:PZN) by 6.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,013,700 shares of the asset manager’s stock after buying an additional 57,800 shares during the quarter. Renaissance Technologies LLC owned about 1.44% of Pzena Investment Management worth $8,708,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its position in shares of Pzena Investment Management by 1.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 111,246 shares of the asset manager’s stock valued at $955,000 after purchasing an additional 1,642 shares during the last quarter. Stone Ridge Asset Management LLC raised its position in shares of Pzena Investment Management by 3.4% in the 2nd quarter. Stone Ridge Asset Management LLC now owns 63,585 shares of the asset manager’s stock valued at $546,000 after purchasing an additional 2,088 shares during the last quarter. Strs Ohio raised its position in shares of Pzena Investment Management by 3.9% in the 2nd quarter. Strs Ohio now owns 67,400 shares of the asset manager’s stock valued at $578,000 after purchasing an additional 2,500 shares during the last quarter. Swiss National Bank raised its position in shares of Pzena Investment Management by 9.9% in the 2nd quarter. Swiss National Bank now owns 32,200 shares of the asset manager’s stock valued at $277,000 after purchasing an additional 2,900 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of Pzena Investment Management by 46.7% in the 4th quarter. Bank of America Corp DE now owns 11,214 shares of the asset manager’s stock valued at $97,000 after purchasing an additional 3,570 shares during the last quarter. 17.34% of the stock is owned by institutional investors and hedge funds.

Shares of Pzena Investment Management stock traded up $0.04 during midday trading on Tuesday, hitting $8.70. The company had a trading volume of 3,180 shares, compared to its average volume of 71,824. The stock has a market cap of $624.30 million, a price-to-earnings ratio of 11.35 and a beta of 1.18. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.16. The company has a fifty day simple moving average of $8.31 and a 200 day simple moving average of $8.68. Pzena Investment Management, Inc. has a 12-month low of $7.23 and a 12-month high of $10.48.



Pzena Investment Management (NYSE:PZN) last announced its quarterly earnings data on Wednesday, July 17th. The asset manager reported $0.18 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.18. Pzena Investment Management had a net margin of 8.77% and a return on equity of 14.67%. The firm had revenue of $37.84 million during the quarter, compared to analyst estimates of $39.13 million.

Several equities analysts recently commented on PZN shares. ValuEngine lowered shares of Pzena Investment Management from a “hold” rating to a “sell” rating in a research report on Wednesday, June 19th. Zacks Investment Research lowered shares of Pzena Investment Management from a “buy” rating to a “hold” rating in a research report on Tuesday, June 25th.

About Pzena Investment Management

Pzena Investment Management, Inc is a publicly owned investment manager. The firm manages equity mutual funds for its clients. It invests in the public equity markets. Pzena Investment Management, Inc was founded in 2007 and is based in New York City with additional offices in Melbourne, Australia and London, United Kingdom.

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Institutional Ownership by Quarter for Pzena Investment Management (NYSE:PZN)

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