202,413 Shares in Ermenegildo Zegna N.V. $ZGN Purchased by Nuveen LLC

Key Points

• Nuveen LLC has acquired a new stake in Ermenegildo Zegna N.V., purchasing 202,413 shares valued at approximately $1,498,000.
• Several institutional investors have significantly increased their positions in Zegna, with Tabor Asset Management raising its stake by 362% and owning nearly $8 million worth of shares.
• As of the latest market data, Zegna's stock is trading at $8.41, with a market cap of $3.43 billion and a 52-week range between $6.05 and $10.59.

Nuveen LLC acquired a new position in shares of Ermenegildo Zegna N.V. (NYSE:ZGN - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 202,413 shares of the company's stock, valued at approximately $1,498,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Handelsbanken Fonder AB increased its stake in shares of Ermenegildo Zegna by 26.0% in the first quarter. Handelsbanken Fonder AB now owns 37,800 shares of the company's stock valued at $280,000 after buying an additional 7,800 shares in the last quarter. Entropy Technologies LP increased its stake 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 in the last quarter. Vident Advisory LLC acquired a new stake in shares of Ermenegildo Zegna in the fourth quarter valued at $126,000. Aquatic Capital Management LLC acquired a new stake in shares of Ermenegildo Zegna in the fourth quarter valued at $144,000. Finally, Aigen Investment Management LP acquired a new stake in shares of Ermenegildo Zegna in the first quarter valued at $186,000. 12.91% of the stock is currently owned by institutional investors and hedge funds.

Ermenegildo Zegna Price Performance

Shares of NYSE:ZGN traded up $0.22 during midday trading on Thursday, reaching $8.61. The company's stock had a trading volume of 245,165 shares, compared to its average volume of 990,010. Ermenegildo Zegna N.V. has a fifty-two week low of $6.05 and a fifty-two week high of $10.36. The company has a market capitalization of $3.51 billion, a P/E ratio of 16.24, a P/E/G ratio of 3.17 and a beta of 0.73. 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 business's fifty day simple moving average is $8.50 and its 200-day simple moving average is $8.16.

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.