XTX Topco Ltd Purchases 23,534 Shares of Ermenegildo Zegna (NYSE:ZGN)

XTX Topco Ltd increased its holdings in Ermenegildo Zegna (NYSE:ZGN) by 107.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,407 shares of the company’s stock after purchasing an additional 23,534 shares during the quarter. XTX Topco Ltd’s holdings in Ermenegildo Zegna were worth $375,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Jane Street Group LLC bought a new stake in shares of Ermenegildo Zegna in the 3rd quarter worth approximately $222,000. American Assets Inc. bought a new stake in Ermenegildo Zegna in the fourth quarter valued at $578,000. SBI Securities Co. Ltd. purchased a new position in Ermenegildo Zegna during the 4th quarter valued at $28,000. FIL Ltd lifted its position in shares of Ermenegildo Zegna by 18.0% in the 4th quarter. FIL Ltd now owns 1,672,992 shares of the company’s stock worth $13,819,000 after purchasing an additional 255,079 shares during the period. Finally, Next Capital Management LLC bought a new stake in shares of Ermenegildo Zegna during the 4th quarter valued at about $151,000. Hedge funds and other institutional investors own 12.91% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Ermenegildo Zegna Trading Up 1.6 %

Ermenegildo Zegna stock opened at $7.12 on Wednesday. Ermenegildo Zegna has a 12 month low of $6.05 and a 12 month high of $13.36. The company has a current ratio of 1.41, a quick ratio of 0.79 and a debt-to-equity ratio of 0.24. The business’s fifty day simple moving average is $7.55 and its two-hundred day simple moving average is $8.02. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 13.43 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.