Fox Run Management L.L.C. Buys New Holdings in Ermenegildo Zegna (NYSE:ZGN)

Fox Run Management L.L.C. purchased a new position in shares of Ermenegildo Zegna (NYSE:ZGN) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 45,032 shares of the company’s stock, valued at approximately $372,000.

Several other institutional investors and hedge funds have also bought and sold shares of ZGN. SBI Securities Co. Ltd. acquired a new position in Ermenegildo Zegna during the fourth quarter valued at $28,000. Entropy Technologies LP acquired a new position in shares of Ermenegildo Zegna in the 4th quarter valued at about $84,000. Verition Fund Management LLC purchased a new stake in shares of Ermenegildo Zegna in the third quarter worth about $149,000. Next Capital Management LLC acquired a new stake in Ermenegildo Zegna during the fourth quarter worth about $151,000. Finally, XTX Topco Ltd purchased a new position in Ermenegildo Zegna during the third quarter valued at approximately $215,000. 12.91% of the stock is currently owned by institutional investors and hedge funds.

Ermenegildo Zegna Stock Down 1.1 %

Ermenegildo Zegna stock opened at $7.10 on Thursday. Ermenegildo Zegna has a 12 month low of $7.07 and a 12 month high of $14.80. The stock has a market capitalization of $2.88 billion, a PE ratio of 13.40 and a beta of 0.69. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.41 and a quick ratio of 0.79. The business has a 50 day simple moving average of $8.38 and a 200-day simple moving average of $8.34.

Analyst Upgrades and Downgrades

Several research firms have commented on ZGN. BNP Paribas upgraded Ermenegildo Zegna to a “hold” rating in a research report on Monday, December 2nd. Bank of America upgraded shares of Ermenegildo Zegna from a “neutral” rating to a “buy” rating and dropped their price target for the company from $9.40 to $8.90 in a research report on Thursday, January 16th. Finally, TD Cowen began 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.

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.