FIL Ltd increased its holdings in Ermenegildo Zegna (NYSE:ZGN - Free Report) by 18.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,672,992 shares of the company's stock after purchasing an additional 255,079 shares during the period. FIL Ltd owned approximately 0.41% of Ermenegildo Zegna worth $13,819,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the business. Invesco Ltd. boosted its holdings in Ermenegildo Zegna by 10.0% during the 4th quarter. Invesco Ltd. now owns 6,386,184 shares of the company's stock valued at $52,750,000 after acquiring an additional 581,696 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Ermenegildo Zegna during the 4th quarter valued at $151,000. Alpine Investment Management Ltd purchased a new position in shares of Ermenegildo Zegna in the fourth quarter valued at about $7,100,000. Landscape Capital Management L.L.C. purchased a new stake in shares of Ermenegildo Zegna during the fourth quarter worth about $510,000. Finally, ExodusPoint Capital Management LP bought a new position in Ermenegildo Zegna during the 4th quarter valued at approximately $1,907,000. Hedge funds and other institutional investors own 12.91% of the company's stock.
Ermenegildo Zegna Stock Up 0.9 %
Shares of NYSE ZGN traded up $0.07 on Thursday, reaching $6.93. 138,145 shares of the company's stock traded hands, compared to its average volume of 659,576. The company has a quick ratio of 0.79, a current ratio of 1.41 and a debt-to-equity ratio of 0.24. The business's 50 day simple moving average is $7.71 and its two-hundred day simple moving average is $8.09. Ermenegildo Zegna has a 12 month low of $6.05 and a 12 month high of $13.36. The company has a market cap of $2.82 billion, a price-to-earnings ratio of 13.05 and a beta of 0.73.
Analyst Ratings Changes
A number of analysts recently commented on ZGN shares. Bank of America raised Ermenegildo Zegna from a "neutral" rating to a "buy" rating and dropped their price target for the stock from $9.40 to $8.90 in a research note on Thursday, January 16th. TD Cowen started coverage on shares of Ermenegildo Zegna in a report on Tuesday, February 18th. They issued a "hold" rating and a $10.00 price objective for the company.
Check Out Our Latest Report on ZGN
Ermenegildo Zegna Company Profile
(
Free Report)
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.
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