ExodusPoint Capital Management LP bought a new stake in shares of Ermenegildo Zegna (NYSE:ZGN - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 230,825 shares of the company's stock, valued at approximately $1,907,000. ExodusPoint Capital Management LP owned about 0.06% of Ermenegildo Zegna at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Verition Fund Management LLC purchased a new position in shares of Ermenegildo Zegna during the 3rd quarter valued at about $149,000. Jane Street Group LLC purchased a new position in Ermenegildo Zegna during the third quarter valued at approximately $222,000. XTX Topco Ltd bought a new position in shares of Ermenegildo Zegna in the third quarter worth approximately $215,000. Entropy Technologies LP purchased a new stake in shares of Ermenegildo Zegna in the fourth quarter worth $84,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Ermenegildo Zegna during the 4th quarter valued at $28,000. 12.91% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
ZGN has been the topic of several research analyst reports. TD Cowen assumed coverage on Ermenegildo Zegna in a research report on Tuesday, February 18th. They issued a "hold" rating and a $10.00 price objective on the stock. Bank of America upgraded Ermenegildo Zegna from a "neutral" rating to a "buy" rating and dropped their price target for the stock from $9.40 to $8.90 in a research note on Thursday, January 16th.
View Our Latest Analysis on Ermenegildo Zegna
Ermenegildo Zegna Price Performance
ZGN traded up $0.08 during trading hours on Monday, hitting $6.90. The company's stock had a trading volume of 31,560 shares, compared to its average volume of 657,546. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 13.02 and a beta of 0.73. The business's 50-day moving average price is $7.83 and its 200-day moving average price is $8.13. The company has a current ratio of 1.41, a quick ratio of 0.79 and a debt-to-equity ratio of 0.24. Ermenegildo Zegna has a 12 month low of $6.05 and a 12 month high of $13.36.
Ermenegildo Zegna Profile
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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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