10,192 Shares in Ermenegildo Zegna (NYSE:ZGN) Bought by Entropy Technologies LP

Entropy Technologies LP bought a new position in Ermenegildo Zegna (NYSE:ZGN) during the 4th quarter, Holdings Channel reports. The institutional investor bought 10,192 shares of the company’s stock, valued at approximately $84,000.

Several other large investors have also made changes to their positions in the company. XTX Topco Ltd purchased a new position in shares of Ermenegildo Zegna in the 3rd quarter worth $215,000. Jane Street Group LLC purchased a new position in shares of Ermenegildo Zegna in the 3rd quarter worth $222,000. Arizona PSPRS Trust purchased a new position in shares of Ermenegildo Zegna in the 3rd quarter worth $979,000. PDT Partners LLC raised its position in shares of Ermenegildo Zegna by 144.0% in the 3rd quarter. PDT Partners LLC now owns 55,549 shares of the company’s stock worth $547,000 after buying an additional 32,779 shares during the period. Finally, Verition Fund Management LLC purchased a new position in shares of Ermenegildo Zegna in the 3rd quarter worth $149,000. 12.91% of the stock is owned by hedge funds and other institutional investors.

Ermenegildo Zegna Price Performance

NYSE:ZGN opened at $8.92 on Friday. The business’s 50-day moving average is $8.54 and its two-hundred day moving average is $8.85. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.41 and a quick ratio of 0.79. Ermenegildo Zegna has a 12 month low of $7.13 and a 12 month high of $15.26.

Analyst Ratings Changes

Several research firms have commented on ZGN. Morgan Stanley began coverage on Ermenegildo Zegna in a research report on Friday, November 22nd. They issued an “underweight” rating and a $7.20 price objective on the stock. Bank of America raised Ermenegildo Zegna from a “neutral” rating to a “buy” rating and cut their price objective for the company from $9.40 to $8.90 in a research report on Thursday, January 16th. Finally, BNP Paribas raised Ermenegildo Zegna to a “hold” rating in a research report on Monday, December 2nd.

Ermenegildo Zegna Company 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.