PDT Partners LLC Boosts Holdings in Ermenegildo Zegna N.V. $ZGN

Key Points

• PDT Partners LLC significantly increased its stake in Ermenegildo Zegna N.V. by 855.1% during the first quarter, owning 152,318 shares valued at approximately $1,127,000.
• Other institutional investors, including Millennium Management LLC and Federated Hermes Inc., also expanded their holdings in Zegna, indicating rising interest among major financial players.
• Ermenegildo Zegna’s stock was trading at $8.38 with a market capitalization of $3.41 billion, reflecting a solid performance compared to its recent low of $6.05 and high of $10.36 over the past year.

PDT Partners LLC lifted its position in shares of Ermenegildo Zegna N.V. (NYSE:ZGN - Free Report) by 855.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 152,318 shares of the company's stock after buying an additional 136,370 shares during the quarter. PDT Partners LLC's holdings in Ermenegildo Zegna were worth $1,127,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Tabor Asset Management LP grew its holdings in Ermenegildo Zegna by 362.0% in the fourth quarter. Tabor Asset Management LP now owns 959,643 shares of the company's stock worth $7,927,000 after purchasing an additional 751,930 shares during the period. Ceredex Value Advisors LLC acquired a new position in shares of Ermenegildo Zegna during the first quarter valued at about $7,057,000. Osborne Partners Capital Management LLC acquired a new position in shares of Ermenegildo Zegna during the first quarter valued at about $4,984,000. Balyasny Asset Management L.P. acquired a new position in shares of Ermenegildo Zegna during the fourth quarter valued at about $4,172,000. Finally, Two Sigma Investments LP raised its holdings in shares of Ermenegildo Zegna by 451.6% during the fourth quarter. Two Sigma Investments LP now owns 468,251 shares of the company's stock valued at $3,868,000 after purchasing an additional 383,363 shares during the period. 12.91% of the stock is currently owned by institutional investors and hedge funds.

Ermenegildo Zegna Stock Down 1.9%

Shares of NYSE ZGN traded down $0.18 during trading on Tuesday, hitting $8.85. 139,323 shares of the company traded hands, compared to its average volume of 993,401. The business's fifty day moving average is $8.52 and its 200 day moving average is $8.15. Ermenegildo Zegna N.V. has a fifty-two week low of $6.05 and a fifty-two week high of $10.14. The firm has a market capitalization of $3.60 billion, a price-to-earnings ratio of 16.69, a P/E/G ratio of 3.39 and a beta of 0.73. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.80 and a current ratio of 1.41.

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.