45,032 Shares in Ermenegildo Zegna (NYSE:ZGN) Acquired by Fox Run Management L.L.C.

Fox Run Management L.L.C. acquired a new stake in Ermenegildo Zegna (NYSE:ZGN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 45,032 shares of the company's stock, valued at approximately $372,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Arizona PSPRS Trust acquired a new position in Ermenegildo Zegna in the third quarter worth about $979,000. American Assets Inc. bought a new stake in shares of Ermenegildo Zegna in the 4th quarter valued at approximately $578,000. PDT Partners LLC raised its holdings in shares of Ermenegildo Zegna by 144.0% in the 3rd quarter. PDT Partners LLC now owns 55,549 shares of the company's stock worth $547,000 after buying an additional 32,779 shares in the last quarter. Tocqueville Asset Management L.P. bought a new position in shares of Ermenegildo Zegna during the 4th quarter worth approximately $218,000. Finally, Jane Street Group LLC acquired a new stake in Ermenegildo Zegna in the 3rd quarter valued at $222,000. 12.91% of the stock is owned by institutional investors.

Ermenegildo Zegna Price Performance

Shares of NYSE:ZGN traded down $0.05 during midday trading on Friday, reaching $7.72. The company's stock had a trading volume of 1,491,375 shares, compared to its average volume of 669,998. The business's fifty day simple moving average is $8.36 and its 200-day simple moving average is $8.32. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.41 and a quick ratio of 0.79. Ermenegildo Zegna has a fifty-two week low of $7.07 and a fifty-two week high of $14.73. The company has a market capitalization of $3.13 billion, a P/E ratio of 14.56 and a beta of 0.69.

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Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Bank of America raised Ermenegildo Zegna from a "neutral" rating to a "buy" rating and cut their price objective for the company from $9.40 to $8.90 in a report on Thursday, January 16th. BNP Paribas raised shares of Ermenegildo Zegna to a "hold" rating in a report on Monday, December 2nd. Finally, TD Cowen started coverage on shares of Ermenegildo Zegna in a research note on Tuesday, February 18th. They set a "hold" rating and a $10.00 price objective on the stock.

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.