22,582 Shares in Ermenegildo Zegna (NYSE:ZGN) Purchased by Jane Street Group LLC

Jane Street Group LLC acquired a new position in shares of Ermenegildo Zegna (NYSE:ZGN) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 22,582 shares of the company’s stock, valued at approximately $222,000.

Several other hedge funds have also bought and sold shares of the business. Public Investment Fund increased its holdings in shares of Ermenegildo Zegna by 25.9% during the second quarter. Public Investment Fund now owns 3,710,196 shares of the company’s stock valued at $43,929,000 after acquiring an additional 764,122 shares in the last quarter. QVIDTVM Management LLC bought a new stake in Ermenegildo Zegna during the 3rd quarter valued at about $2,908,000. Roubaix Capital LLC purchased a new position in Ermenegildo Zegna in the third quarter worth about $2,481,000. Armistice Capital LLC lifted its stake in shares of Ermenegildo Zegna by 547.4% in the second quarter. Armistice Capital LLC now owns 239,235 shares of the company’s stock worth $2,833,000 after buying an additional 202,281 shares in the last quarter. Finally, Arizona PSPRS Trust bought a new position in shares of Ermenegildo Zegna in the third quarter worth approximately $979,000. Institutional investors own 12.91% of the company’s stock.

Ermenegildo Zegna Stock Performance

ZGN opened at $7.75 on Monday. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of 15.20 and a beta of 0.66. Ermenegildo Zegna has a fifty-two week low of $7.13 and a fifty-two week high of $15.26. 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 company has a fifty day moving average of $8.04 and a 200 day moving average of $9.24.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ZGN shares. Morgan Stanley began coverage on shares of Ermenegildo Zegna in a report on Friday, November 22nd. They set an “underweight” rating and a $7.20 price target on the stock. BNP Paribas raised shares of Ermenegildo Zegna to a “hold” rating in a research report on Monday, December 2nd. Finally, Bank of America lowered shares of Ermenegildo Zegna from a “buy” rating to a “neutral” rating and decreased their target price for the company from $13.00 to $9.80 in a research note on Monday, September 23rd.

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.