Landscape Capital Management L.L.C. Purchases New Shares in Ermenegildo Zegna (NYSE:ZGN)

Landscape Capital Management L.L.C. purchased a new position in Ermenegildo Zegna (NYSE:ZGN - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 61,737 shares of the company's stock, valued at approximately $510,000.

Other institutional investors also recently bought and sold shares of the company. ExodusPoint Capital Management LP bought a new stake in Ermenegildo Zegna during the 4th quarter valued at $1,907,000. American Assets Inc. bought a new stake in Ermenegildo Zegna during the fourth quarter valued at about $578,000. Fox Run Management L.L.C. purchased a new position in Ermenegildo Zegna in the fourth quarter valued at about $372,000. Tocqueville Asset Management L.P. bought a new position in Ermenegildo Zegna in the fourth quarter worth about $218,000. Finally, Jane Street Group LLC purchased a new stake in shares of Ermenegildo Zegna during the third quarter valued at about $222,000. 12.91% of the stock is owned by hedge funds and other institutional investors.

Ermenegildo Zegna Stock Performance

NYSE:ZGN traded down $0.02 during midday trading on Friday, hitting $6.62. The company's stock had a trading volume of 243,664 shares, compared to its average volume of 657,515. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.41 and a quick ratio of 0.79. Ermenegildo Zegna has a fifty-two week low of $6.05 and a fifty-two week high of $13.36. The firm's 50 day moving average is $7.87 and its 200-day moving average is $8.14. The firm has a market cap of $2.70 billion, a P/E ratio of 12.51 and a beta of 0.73.

Wall Street Analyst Weigh In

ZGN has been the subject of several recent analyst reports. Bank of America upgraded shares of Ermenegildo Zegna from a "neutral" rating to a "buy" rating and reduced their price objective for the stock from $9.40 to $8.90 in a research note on Thursday, January 16th. TD Cowen began coverage on Ermenegildo Zegna in a research note on Tuesday, February 18th. They set a "hold" rating and a $10.00 target price on the stock.

Ermenegildo Zegna 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.