CastleKnight Management LP Raises Position in Ermenegildo Zegna (NYSE:ZGN)

CastleKnight Management LP increased its position in shares of Ermenegildo Zegna (NYSE:ZGN - Free Report) by 49.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 158,700 shares of the company's stock after purchasing an additional 52,505 shares during the quarter. CastleKnight Management LP's holdings in Ermenegildo Zegna were worth $1,311,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in ZGN. Jane Street Group LLC acquired a new position in shares of Ermenegildo Zegna during the 3rd quarter valued at about $222,000. SBI Securities Co. Ltd. purchased a new position in Ermenegildo Zegna during the fourth quarter worth about $28,000. American Assets Inc. acquired a new position in Ermenegildo Zegna in the 4th quarter valued at about $578,000. FIL Ltd grew its stake in shares of Ermenegildo Zegna by 18.0% in the 4th quarter. FIL Ltd now owns 1,672,992 shares of the company's stock valued at $13,819,000 after buying an additional 255,079 shares during the period. Finally, Next Capital Management LLC acquired a new stake in shares of Ermenegildo Zegna during the 4th quarter worth approximately $151,000. 12.91% of the stock is owned by institutional investors and hedge funds.

Ermenegildo Zegna Trading Up 0.2 %

NYSE ZGN traded up $0.02 on Friday, reaching $8.27. The stock had a trading volume of 535,766 shares, compared to its average volume of 684,873. Ermenegildo Zegna has a 12-month low of $6.05 and a 12-month high of $13.36. 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 stock has a fifty day moving average price of $7.36 and a two-hundred day moving average price of $7.97. The firm has a market capitalization of $3.37 billion, a price-to-earnings ratio of 15.60 and a beta of 0.72.

Analyst Ratings Changes

ZGN has been the subject of several analyst reports. TD Cowen began coverage on Ermenegildo Zegna in a research report on Tuesday, February 18th. They issued a "hold" rating and a $10.00 price objective for the company. Bank of America upgraded Ermenegildo Zegna from a "neutral" rating to a "buy" rating and lowered their price target for the stock from $9.40 to $8.90 in a report on Thursday, January 16th.

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.