Jump Financial LLC purchased a new position in shares of Ermenegildo Zegna (NYSE:ZGN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 113,274 shares of the company's stock, valued at approximately $936,000.
Several other institutional investors have also recently made changes to their positions in the stock. Invesco Ltd. lifted its position in shares of Ermenegildo Zegna by 10.0% in the fourth quarter. Invesco Ltd. now owns 6,386,184 shares of the company's stock valued at $52,750,000 after buying an additional 581,696 shares during the last quarter. FIL Ltd increased its holdings in shares of Ermenegildo Zegna by 18.0% in the fourth quarter. FIL Ltd now owns 1,672,992 shares of the company's stock valued at $13,819,000 after purchasing an additional 255,079 shares during the last quarter. Alpine Investment Management Ltd bought a new position in shares of Ermenegildo Zegna in the fourth quarter valued at about $7,100,000. Portolan Capital Management LLC acquired a new stake in shares of Ermenegildo Zegna during the 4th quarter worth about $3,351,000. Finally, ExodusPoint Capital Management LP bought a new stake in shares of Ermenegildo Zegna during the 4th quarter worth about $1,907,000. Institutional investors and hedge funds own 12.91% of the company's stock.
Ermenegildo Zegna Stock Performance
Ermenegildo Zegna stock traded up $0.33 during midday trading on Friday, hitting $8.02. The company's stock had a trading volume of 3,046,265 shares, compared to its average volume of 669,109. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.41 and a quick ratio of 0.79. The company has a market cap of $3.27 billion, a price-to-earnings ratio of 15.13 and a beta of 0.73. Ermenegildo Zegna has a 1-year low of $6.05 and a 1-year high of $13.36. The company has a 50-day moving average price of $7.50 and a two-hundred day moving average price of $8.01.
Wall Street Analyst Weigh In
Several brokerages have issued reports on ZGN. Bank of America upgraded shares of Ermenegildo Zegna from a "neutral" rating to a "buy" rating and cut their price objective for the stock from $9.40 to $8.90 in a research report on Thursday, January 16th. TD Cowen initiated coverage on Ermenegildo Zegna in a report on Tuesday, February 18th. They set a "hold" rating and a $10.00 price target for the company.
Read Our Latest Research Report on Ermenegildo Zegna
Ermenegildo Zegna 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.
Recommended Stories
Before you consider Ermenegildo Zegna, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ermenegildo Zegna wasn't on the list.
While Ermenegildo Zegna currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
