Dynamic Technology Lab Private Ltd Takes $356,000 Position in Ermenegildo Zegna N.V. $ZGN

Dynamic Technology Lab Private Ltd purchased a new stake in Ermenegildo Zegna N.V. (NYSE:ZGN) in the 2nd quarter, HoldingsChannel reports. The fund purchased 41,596 shares of the company’s stock, valued at approximately $356,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in Ermenegildo Zegna during the 1st quarter valued at $43,000. Quantbot Technologies LP acquired a new position in Ermenegildo Zegna during the first quarter valued at $80,000. ProShare Advisors LLC acquired a new position in shares of Ermenegildo Zegna in the 2nd quarter valued at about $108,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in Ermenegildo Zegna in the 2nd quarter worth approximately $115,000. Finally, Savant Capital LLC boosted its position in Ermenegildo Zegna by 36.0% during the second quarter. Savant Capital LLC now owns 14,957 shares of the company’s stock valued at $128,000 after purchasing an additional 3,961 shares during the last quarter. 12.91% of the stock is currently owned by hedge funds and other institutional investors.

Ermenegildo Zegna Stock Up 2.2%

ZGN stock opened at $10.55 on Wednesday. The company has a 50-day moving average of $9.90 and a two-hundred day moving average of $9.06. Ermenegildo Zegna N.V. has a 52-week low of $6.05 and a 52-week high of $10.70. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.79 and a current ratio of 1.42.

Analyst Upgrades and Downgrades

Several analysts have commented on ZGN shares. JPMorgan Chase & Co. began coverage on shares of Ermenegildo Zegna in a research report on Monday, September 15th. They issued an “overweight” rating and a $11.00 target price for the company. Oddo Bhf set a $11.50 target price on Ermenegildo Zegna in a report on Wednesday, September 17th. Bank of America boosted their price target on Ermenegildo Zegna from $9.50 to $10.00 and gave the stock a “buy” rating in a research report on Tuesday, September 23rd. Jefferies Financial Group assumed coverage on Ermenegildo Zegna in a report on Tuesday, October 14th. They set a “buy” rating and a $12.90 price objective on the stock. Finally, Sanford C. Bernstein initiated coverage on Ermenegildo Zegna in a research note on Tuesday. They issued an “outperform” rating and a $13.00 price objective on the stock. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $11.20.

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.