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

PDT Partners LLC trimmed its position in Ermenegildo Zegna (NYSE:ZGN - Free Report) by 71.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,948 shares of the company's stock after selling 39,601 shares during the quarter. PDT Partners LLC's holdings in Ermenegildo Zegna were worth $132,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in shares of Ermenegildo Zegna in the 4th quarter worth approximately $28,000. Entropy Technologies LP bought a new stake in Ermenegildo Zegna during the 4th quarter worth about $84,000. Mirabella Financial Services LLP acquired a new position in shares of Ermenegildo Zegna in the 4th quarter valued at $87,000. Aquatic Capital Management LLC acquired a new position in Ermenegildo Zegna during the fourth quarter valued at approximately $144,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Ermenegildo Zegna in the 4th quarter valued at $151,000. 12.91% of the stock is owned by institutional investors.

Ermenegildo Zegna Stock Down 0.2 %

Shares of ZGN stock traded down $0.02 on Friday, hitting $8.23. 241,556 shares of the stock were exchanged, compared to its average volume of 683,712. 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 firm has a market capitalization of $3.35 billion, a P/E ratio of 15.53 and a beta of 0.72. Ermenegildo Zegna has a fifty-two week low of $6.05 and a fifty-two week high of $13.36. The business has a 50-day moving average of $7.36 and a 200 day moving average of $7.97.

Analysts Set New Price Targets

Several research firms have weighed in on ZGN. TD Cowen initiated coverage on Ermenegildo Zegna in a report on Tuesday, February 18th. They set a "hold" rating and a $10.00 target price on the stock. Bank of America upgraded Ermenegildo Zegna from a "neutral" rating to a "buy" rating and cut their price objective for the company from $9.40 to $8.90 in a report on Thursday, January 16th.

Ermenegildo Zegna Company 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.