Ermenegildo Zegna N.V. $ZGN Stake Lifted by Graham Capital Management L.P.

Key Points

• Graham Capital Management L.P. increased its stake in Ermenegildo Zegna N.V. by 480.7% in Q1, acquiring a total of 142,049 shares worth approximately $1,051,000.
• Other institutional investors have also expanded their positions, with Millennium Management LLC growing its holdings by 319.2% in the previous quarter.
• As of the latest figures, Ermenegildo Zegna has a market cap of $3.41 billion, a P/E ratio of 15.80, and its stock has a 52-week range of $6.05 to $10.36.

Graham Capital Management L.P. increased its holdings in Ermenegildo Zegna N.V. (NYSE:ZGN - Free Report) by 480.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 142,049 shares of the company's stock after buying an additional 117,589 shares during the quarter. Graham Capital Management L.P.'s holdings in Ermenegildo Zegna were worth $1,051,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quarry LP acquired a new stake in shares of Ermenegildo Zegna in the first quarter valued at approximately $43,000. Quantbot Technologies LP purchased a new stake in Ermenegildo Zegna in the first quarter valued at approximately $80,000. Vident Advisory LLC acquired a new stake in Ermenegildo Zegna in the 4th quarter valued at about $126,000. Entropy Technologies LP raised its holdings in shares of Ermenegildo Zegna by 95.2% in the first quarter. Entropy Technologies LP now owns 19,892 shares of the company's stock valued at $147,000 after buying an additional 9,700 shares during the last quarter. Finally, Aigen Investment Management LP acquired a new stake in Ermenegildo Zegna during the 1st quarter valued at $186,000. 12.91% of the stock is currently owned by hedge funds and other institutional investors.

Ermenegildo Zegna Stock Performance

Shares of ZGN stock traded down $0.08 on Monday, hitting $8.95. 581,293 shares of the stock were exchanged, compared to its average volume of 995,735. The firm has a market capitalization of $3.64 billion, a PE ratio of 16.84, a P/E/G ratio of 3.39 and a beta of 0.73. Ermenegildo Zegna N.V. has a one year low of $6.05 and a one year high of $10.14. The firm's 50 day moving average is $8.51 and its two-hundred day moving average is $8.14. The company has a current ratio of 1.41, a quick ratio of 0.80 and a debt-to-equity ratio of 0.20.

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.