Ceredex Value Advisors LLC Buys Shares of 953,700 Ermenegildo Zegna N.V. $ZGN

Key Points

• Ceredex Value Advisors LLC acquired 953,700 shares of Ermenegildo Zegna N.V., representing about 0.23% of the company's total shares, valued at approximately $7,057,000.
• A number of other institutional investors also increased their stakes in Ermenegildo Zegna during the first quarter, with cumulative ownership now at 12.91% for institutional investors.
• Ermenegildo Zegna shares have seen recent trading activity, opening at $8.28, with a market cap of $3.37 billion and a 1-year price range between $6.05 and $10.59.

Ceredex Value Advisors LLC bought a new position in Ermenegildo Zegna N.V. (NYSE:ZGN - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 953,700 shares of the company's stock, valued at approximately $7,057,000. Ceredex Value Advisors LLC owned about 0.23% of Ermenegildo Zegna as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Quantbot Technologies LP bought a new position in shares of Ermenegildo Zegna in the 1st quarter worth approximately $80,000. Vident Advisory LLC purchased a new stake in Ermenegildo Zegna during the fourth quarter valued at approximately $126,000. Aquatic Capital Management LLC purchased a new stake in Ermenegildo Zegna during the fourth quarter valued at approximately $144,000. Entropy Technologies LP raised its position in Ermenegildo Zegna by 95.2% in the first quarter. Entropy Technologies LP now owns 19,892 shares of the company's stock worth $147,000 after acquiring an additional 9,700 shares during the period. Finally, Aigen Investment Management LP purchased a new position in shares of Ermenegildo Zegna during the 1st quarter worth $186,000. 12.91% of the stock is currently owned by institutional investors.

Ermenegildo Zegna Trading Up 1.0%

Shares of ZGN stock opened at $8.28 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.41 and a quick ratio of 0.80. The company has a market cap of $3.37 billion, a price-to-earnings ratio of 15.62, a PEG ratio of 3.08 and a beta of 0.72. Ermenegildo Zegna N.V. has a 1 year low of $6.05 and a 1 year high of $10.59. The firm has a fifty day moving average price of $8.56 and a 200-day moving average price of $8.17.

About Ermenegildo Zegna

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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