Public Investment Fund increased its holdings in shares of Ermenegildo Zegna (NYSE:ZGN - Free Report) by 57.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 5,834,324 shares of the company's stock after purchasing an additional 2,124,128 shares during the period. Public Investment Fund owned approximately 1.44% of Ermenegildo Zegna worth $48,192,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new stake in Ermenegildo Zegna during the third quarter worth about $222,000. Entropy Technologies LP bought a new position in Ermenegildo Zegna in the fourth quarter worth $84,000. SBI Securities Co. Ltd. acquired a new stake in Ermenegildo Zegna during the fourth quarter worth $28,000. American Assets Inc. bought a new stake in Ermenegildo Zegna in the 4th quarter valued at $578,000. Finally, Tocqueville Asset Management L.P. acquired a new position in shares of Ermenegildo Zegna in the 4th quarter valued at $218,000. Institutional investors and hedge funds own 12.91% of the company's stock.
Ermenegildo Zegna Price Performance
NYSE ZGN traded down $0.14 during trading hours on Monday, reaching $7.89. 1,090,494 shares of the company's stock were exchanged, compared to its average volume of 672,362. The firm has a fifty day moving average of $7.48 and a 200-day moving average of $7.99. The company has a current ratio of 1.41, a quick ratio of 0.79 and a debt-to-equity ratio of 0.24. The stock has a market cap of $3.22 billion, a PE ratio of 14.89 and a beta of 0.73. Ermenegildo Zegna has a one year low of $6.05 and a one year high of $13.36.
Analyst Ratings Changes
Several research analysts recently issued reports on the stock. TD Cowen began coverage on shares of Ermenegildo Zegna in a research report on Tuesday, February 18th. They issued a "hold" rating and a $10.00 price target for the company. Bank of America raised Ermenegildo Zegna from a "neutral" rating to a "buy" rating and decreased their price target for the company from $9.40 to $8.90 in a research note on Thursday, January 16th.
View Our Latest Analysis on Ermenegildo Zegna
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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