PDT Partners LLC Has $132,000 Stake in Ermenegildo Zegna (NYSE:ZGN)

PDT Partners LLC lessened its holdings in Ermenegildo Zegna (NYSE:ZGN - Free Report) by 71.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,948 shares of the company's stock after selling 39,601 shares during the period. PDT Partners LLC's holdings in Ermenegildo Zegna were worth $132,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Public Investment Fund lifted its holdings in Ermenegildo Zegna by 57.3% during the 4th quarter. Public Investment Fund now owns 5,834,324 shares of the company's stock valued at $48,192,000 after purchasing an additional 2,124,128 shares during the last quarter. Alpine Investment Management Ltd acquired a new position in shares of Ermenegildo Zegna in the 4th quarter worth approximately $7,100,000. Invesco Ltd. boosted its holdings in shares of Ermenegildo Zegna by 10.0% in the 4th quarter. Invesco Ltd. now owns 6,386,184 shares of the company's stock worth $52,750,000 after acquiring an additional 581,696 shares in the last quarter. Portolan Capital Management LLC bought a new stake in Ermenegildo Zegna during the 4th quarter worth approximately $3,351,000. Finally, FIL Ltd increased its holdings in Ermenegildo Zegna by 18.0% during the 4th 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 in the last quarter. Institutional investors own 12.91% of the company's stock.

Ermenegildo Zegna Trading Up 0.6 %

Shares of ZGN traded up $0.05 during trading hours on Wednesday, reaching $7.96. The stock had a trading volume of 793,389 shares, compared to its average volume of 684,720. The company has a market cap of $3.24 billion, a P/E ratio of 15.02 and a beta of 0.72. Ermenegildo Zegna has a 52 week low of $6.05 and a 52 week 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 firm has a 50-day moving average of $7.37 and a 200 day moving average of $7.97.

Analyst Ratings Changes

Several research analysts recently weighed in on ZGN shares. 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 objective for the company. Bank of America upgraded Ermenegildo Zegna from a "neutral" rating to a "buy" rating and reduced their price target for the stock from $9.40 to $8.90 in a research 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.