Matauro LLC Acquires New Stake in Ermenegildo Zegna N.V. $ZGN

Key Points

• Matauro LLC acquired 204,757 shares of Ermenegildo Zegna in the fourth quarter, a position worth about $2.10 million that represented roughly 0.05% of the company, according to its Form 13F filing.
• Ermenegildo Zegna missed expectations for the quarter, reporting EPS of $0.15 versus a $0.26 consensus and revenue of $577.8 million versus $1.17 billion expected.
• Analysts have an average rating of "Moderate Buy" with an average price target of $11.73; UBS upgraded to a buy, and the analyst breakdown is four Buys versus three Holds.

Matauro LLC acquired a new stake in shares of Ermenegildo Zegna N.V. (NYSE:ZGN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 204,757 shares of the company's stock, valued at approximately $2,099,000. Matauro LLC owned 0.05% of Ermenegildo Zegna at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Temasek Holdings Private Ltd lifted its position in shares of Ermenegildo Zegna by 114.5% during the 3rd quarter. Temasek Holdings Private Ltd now owns 27,242,276 shares of the company's stock valued at $257,440,000 after buying an additional 14,542,295 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Ermenegildo Zegna in the 3rd quarter worth about $22,609,000. Millennium Management LLC raised its stake in Ermenegildo Zegna by 182.8% in the 1st quarter. Millennium Management LLC now owns 1,149,055 shares of the company's stock valued at $8,503,000 after acquiring an additional 742,680 shares during the period. Geode Capital Management LLC purchased a new stake in Ermenegildo Zegna during the second quarter valued at about $6,245,000. Finally, Sei Investments Co. boosted its position in Ermenegildo Zegna by 931.8% during the second quarter. Sei Investments Co. now owns 400,630 shares of the company's stock worth $3,425,000 after purchasing an additional 361,802 shares during the period. 12.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ZGN shares. Morgan Stanley began coverage on shares of Ermenegildo Zegna in a research note on Thursday, February 12th. They issued an "equal weight" rating and a $11.00 target price for the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Ermenegildo Zegna in a report on Wednesday, January 21st. Bank of America reiterated a "neutral" rating and issued a $11.20 price objective (down from $11.50) on shares of Ermenegildo Zegna in a research note on Friday, January 16th. Finally, UBS Group raised shares of Ermenegildo Zegna from a "neutral" rating to a "buy" rating and set a $11.50 target price on the stock in a report on Thursday, February 5th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $11.73.

Ermenegildo Zegna Trading Up 4.6%

Shares of NYSE ZGN opened at $10.90 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.91 and a current ratio of 1.59. Ermenegildo Zegna N.V. has a 52 week low of $6.05 and a 52 week high of $11.93. The business has a 50-day simple moving average of $10.33 and a two-hundred day simple moving average of $10.20.

Ermenegildo Zegna (NYSE:ZGN - Get Free Report) last announced its quarterly earnings results on Friday, March 20th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.11). The firm had revenue of $577.83 million during the quarter, compared to analysts' expectations of $1.17 billion. On average, equities analysts predict that Ermenegildo Zegna N.V. will post 0.35 EPS for the current fiscal year.

About Ermenegildo Zegna

Ermenegildo Zegna is a global luxury fashion house specializing in men's tailored clothing, casualwear, accessories, footwear and fragrances. With a focus on high-quality fabrics and craftsmanship, the company manages the entire value chain from wool sourcing and textile production to garment design, manufacturing and retail distribution.

Founded in 1910 by Ermenegildo Zegna in Trivero, Italy, the company began as a textile mill dedicated to producing fine wool fabrics. Over the decades it expanded into ready-to-wear clothing and built a reputation for sartorial excellence.

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