Moore Capital Management LP Buys New Holdings in Ermenegildo Zegna (NYSE:ZGN)

Moore Capital Management LP bought a new stake in shares of Ermenegildo Zegna (NYSE:ZGN - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 50,000 shares of the company's stock, valued at approximately $413,000.

Several other large investors have also modified their holdings of the business. SBI Securities Co. Ltd. purchased a new position in Ermenegildo Zegna during the fourth quarter valued at approximately $28,000. Entropy Technologies LP purchased a new position in shares of Ermenegildo Zegna in the 4th quarter valued at $84,000. Mirabella Financial Services LLP bought a new position in shares of Ermenegildo Zegna in the 4th quarter worth $87,000. Aquatic Capital Management LLC bought a new position in shares of Ermenegildo Zegna in the 4th quarter worth $144,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Ermenegildo Zegna during the 4th quarter worth $151,000. Institutional investors own 12.91% of the company's stock.

Analyst Upgrades and Downgrades

Separately, TD Cowen began coverage on shares of Ermenegildo Zegna in a report on Tuesday, February 18th. They issued a "hold" rating and a $10.00 target price for the company.

Ermenegildo Zegna Stock Down 1.1%

ZGN stock traded down $0.10 on Monday, hitting $8.56. 104,292 shares of the company's stock were exchanged, compared to its average volume of 691,823. Ermenegildo Zegna has a 12-month low of $6.05 and a 12-month high of $13.36. The stock has a market cap of $3.49 billion, a P/E ratio of 16.14 and a beta of 0.72. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.79 and a current ratio of 1.41. The firm has a 50 day moving average price of $7.45 and a two-hundred day moving average price of $8.00.

About Ermenegildo Zegna

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.