252,158 Shares in Ermenegildo Zegna (NYSE:ZGN) Acquired by Roubaix Capital LLC

Roubaix Capital LLC purchased a new stake in shares of Ermenegildo Zegna (NYSE:ZGNFree Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 252,158 shares of the company’s stock, valued at approximately $2,481,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Ermenegildo Zegna in the 1st quarter valued at approximately $353,000. Susquehanna Fundamental Investments LLC bought a new position in shares of Ermenegildo Zegna during the 1st quarter worth approximately $563,000. Capital Research Global Investors bought a new position in Ermenegildo Zegna in the first quarter valued at $54,202,000. Capital World Investors increased its position in shares of Ermenegildo Zegna by 34.6% in the first quarter. Capital World Investors now owns 5,195,013 shares of the company’s stock valued at $76,107,000 after acquiring an additional 1,335,945 shares during the last quarter. Finally, Quadrature Capital Ltd raised its stake in shares of Ermenegildo Zegna by 162.0% during the 1st quarter. Quadrature Capital Ltd now owns 101,067 shares of the company’s stock worth $1,483,000 after purchasing an additional 62,488 shares in the last quarter. Institutional investors and hedge funds own 12.91% of the company’s stock.

Ermenegildo Zegna Trading Down 1.1 %

Shares of NYSE:ZGN opened at $7.80 on Thursday. Ermenegildo Zegna has a 12-month low of $7.75 and a 12-month high of $15.26. The business has a 50 day moving average of $9.15 and a 200-day moving average of $10.79. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.79 and a current ratio of 1.41.

Analyst Upgrades and Downgrades

Separately, Bank of America downgraded Ermenegildo Zegna from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $13.00 to $9.80 in a research note on Monday, September 23rd.

View Our Latest Stock Analysis on Ermenegildo Zegna

About Ermenegildo Zegna

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding ZGN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ermenegildo Zegna (NYSE:ZGNFree Report).

Institutional Ownership by Quarter for Ermenegildo Zegna (NYSE:ZGN)

Receive News & Ratings for Ermenegildo Zegna Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ermenegildo Zegna and related companies with MarketBeat.com's FREE daily email newsletter.