Vontobel Holding Ltd. trimmed its position in shares of Ermenegildo Zegna (NYSE:ZGN - Free Report) by 87.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,200 shares of the company's stock after selling 80,867 shares during the quarter. Vontobel Holding Ltd.'s holdings in Ermenegildo Zegna were worth $110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in ZGN. nVerses Capital LLC increased its position in Ermenegildo Zegna by 525.0% during the second quarter. nVerses Capital LLC now owns 2,500 shares of the company's stock worth $30,000 after buying an additional 2,100 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Ermenegildo Zegna in the 1st quarter worth approximately $353,000. SG Americas Securities LLC bought a new stake in Ermenegildo Zegna during the third quarter worth approximately $330,000. Susquehanna Fundamental Investments LLC acquired a new position in Ermenegildo Zegna during the first quarter valued at approximately $563,000. Finally, Quadrature Capital Ltd raised its position in shares of Ermenegildo Zegna by 162.0% in the first quarter. Quadrature Capital Ltd now owns 101,067 shares of the company's stock valued at $1,483,000 after purchasing an additional 62,488 shares during the period. Institutional investors own 12.91% of the company's stock.
Ermenegildo Zegna Stock Performance
Shares of NYSE ZGN traded up $0.03 during trading hours on Thursday, hitting $8.07. 833,767 shares of the company's stock were exchanged, compared to its average volume of 538,833. The company's 50-day moving average price is $9.39 and its 200-day moving average price is $10.92. Ermenegildo Zegna has a 1-year low of $7.85 and a 1-year high of $15.26. The stock has a market capitalization of $3.27 billion, a price-to-earnings ratio of 16.39, a PEG ratio of 2.54 and a beta of 0.61. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.41 and a quick ratio of 0.79.
Wall Street Analyst Weigh In
Separately, Bank of America downgraded shares of Ermenegildo Zegna from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $13.00 to $9.80 in a report on Monday, September 23rd.
Check Out Our Latest Analysis 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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