Cubist Systematic Strategies LLC Raises Holdings in Ermenegildo Zegna N.V. $ZGN

Key Points

• Cubist Systematic Strategies LLC increased its stake in Ermenegildo Zegna N.V. by 399.1%, owning 419,379 shares valued at approximately $3.1 million as of its latest SEC filing.
• Other institutional investors have also shown interest, with 12.91% of the company's stock now held by such investors, indicating growing confidence in Ermenegildo Zegna.
• As of the last trading session, Ermenegildo Zegna's stock opened at $8.99, with a market capitalization of $3.66 billion and a 12-month price fluctuation between $6.05 and $10.22.

Cubist Systematic Strategies LLC grew its holdings in shares of Ermenegildo Zegna N.V. (NYSE:ZGN - Free Report) by 399.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 419,379 shares of the company's stock after purchasing an additional 335,350 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.10% of Ermenegildo Zegna worth $3,103,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Millennium Management LLC increased its position in Ermenegildo Zegna by 319.2% during the 4th quarter. Millennium Management LLC now owns 406,375 shares of the company's stock valued at $3,357,000 after buying an additional 309,424 shares in the last quarter. Federated Hermes Inc. purchased a new stake in shares of Ermenegildo Zegna in the first quarter worth $1,036,000. Nuveen LLC bought a new position in shares of Ermenegildo Zegna during the first quarter valued at $1,498,000. BNP Paribas Financial Markets bought a new position in shares of Ermenegildo Zegna during the fourth quarter valued at $764,000. Finally, American Assets Inc. purchased a new position in shares of Ermenegildo Zegna in the 4th quarter worth about $578,000. 12.91% of the stock is owned by institutional investors.

Ermenegildo Zegna Stock Down 0.4%

Ermenegildo Zegna stock traded down $0.04 during mid-day trading on Thursday, reaching $8.86. The stock had a trading volume of 506,380 shares, compared to its average volume of 689,125. Ermenegildo Zegna N.V. has a one year low of $6.05 and a one year high of $10.14. The company has a 50-day moving average price of $8.52 and a two-hundred day moving average price of $8.16. The company has a market capitalization of $3.61 billion, a price-to-earnings ratio of 16.71, a PEG ratio of 2.90 and a beta of 0.73. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.42 and a quick ratio of 0.80.

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.