Alpine Investment Management Ltd Purchases New Position in Ermenegildo Zegna (NYSE:ZGN)

Alpine Investment Management Ltd bought a new position in Ermenegildo Zegna (NYSE:ZGN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 859,583 shares of the company's stock, valued at approximately $7,100,000. Ermenegildo Zegna comprises 2.0% of Alpine Investment Management Ltd's holdings, making the stock its 7th biggest holding. Alpine Investment Management Ltd owned approximately 0.21% of Ermenegildo Zegna as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ZGN. ExodusPoint Capital Management LP purchased a new position in Ermenegildo Zegna in the fourth quarter worth approximately $1,907,000. American Assets Inc. purchased a new stake in shares of Ermenegildo Zegna during the 4th quarter worth approximately $578,000. Landscape Capital Management L.L.C. purchased a new stake in shares of Ermenegildo Zegna in the fourth quarter valued at $510,000. Fox Run Management L.L.C. purchased a new position in Ermenegildo Zegna during the fourth quarter worth approximately $372,000. Finally, Tocqueville Asset Management L.P. acquired a new position in shares of Ermenegildo Zegna during the 4th quarter valued at $218,000. Hedge funds and other institutional investors own 12.91% of the company's stock.

Analyst Ratings Changes

ZGN has been the subject of a number of analyst reports. Bank of America upgraded Ermenegildo Zegna from a "neutral" rating to a "buy" rating and reduced their price objective for the company from $9.40 to $8.90 in a research report on Thursday, January 16th. TD Cowen assumed coverage on shares of Ermenegildo Zegna in a report on Tuesday, February 18th. They set a "hold" rating and a $10.00 price target for the company.

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Ermenegildo Zegna Stock Down 5.7 %

Shares of ZGN traded down $0.40 on Thursday, hitting $6.64. The company's stock had a trading volume of 375,715 shares, compared to its average volume of 845,067. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 12.53 and a beta of 0.73. Ermenegildo Zegna has a fifty-two week low of $6.05 and a fifty-two week high of $13.36. The firm's fifty day moving average price is $7.92 and its 200-day moving average price is $8.16. The company has a quick ratio of 0.79, a current ratio of 1.41 and a debt-to-equity ratio of 0.24.

Ermenegildo Zegna Profile

Ermenegildo Zegna N.V., together with its subsidiaries, designs, manufactures, markets, and distributes luxury menswear, footwear, leather goods, and other accessories under the Zegna and the Thom Browne brands. It provides luxury leisurewear for men; formal suits, tuxedos, shirts, blazers, formal overcoats, and accessories; leather accessories comprising shoes, bags, belts, and small leather accessories; and fragrances.