Nebula Research & Development LLC Purchases Shares of 54,534 Ermenegildo Zegna (NYSE:ZGN)

Nebula Research & Development LLC acquired a new position in shares of Ermenegildo Zegna (NYSE:ZGN - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 54,534 shares of the company's stock, valued at approximately $450,000.

A number of other hedge funds also recently bought and sold shares of ZGN. SBI Securities Co. Ltd. acquired a new position in Ermenegildo Zegna during the fourth quarter valued at $28,000. Entropy Technologies LP acquired a new position in shares of Ermenegildo Zegna in the 4th quarter valued at about $84,000. Mirabella Financial Services LLP purchased a new stake in shares of Ermenegildo Zegna in the fourth quarter worth approximately $87,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Ermenegildo Zegna during the fourth quarter worth approximately $151,000. Finally, Next Capital Management LLC acquired a new stake in shares of Ermenegildo Zegna during the fourth quarter worth approximately $151,000. 12.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. TD Cowen began coverage on shares of Ermenegildo Zegna in a research report on Tuesday, February 18th. They issued a "hold" rating and a $10.00 target price for the company. Bank of America raised Ermenegildo Zegna from a "neutral" rating to a "buy" rating and reduced their price objective for the company from $9.40 to $8.90 in a research report on Thursday, January 16th.

Ermenegildo Zegna Stock Up 0.7 %

Shares of Ermenegildo Zegna stock traded up $0.06 during midday trading on Monday, reaching $8.00. 129,088 shares of the company's stock traded hands, compared to its average volume of 669,946. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.79 and a current ratio of 1.41. Ermenegildo Zegna has a 52 week low of $6.05 and a 52 week high of $13.36. The company's 50 day simple moving average is $7.39 and its 200 day simple moving average is $7.97. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 15.10 and a beta of 0.73.

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.