SG Americas Securities LLC Acquires New Stake in Ermenegildo Zegna (NYSE:ZGN)

SG Americas Securities LLC acquired a new stake in Ermenegildo Zegna (NYSE:ZGN) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 33,576 shares of the company’s stock, valued at approximately $330,000.

Several other institutional investors have also added to or reduced their stakes in ZGN. Quadrature Capital Ltd lifted its position in Ermenegildo Zegna by 49.7% in the 4th quarter. Quadrature Capital Ltd now owns 38,579 shares of the company’s stock valued at $446,000 after acquiring an additional 12,805 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Ermenegildo Zegna during the 1st quarter worth about $353,000. Susquehanna Fundamental Investments LLC bought a new stake in Ermenegildo Zegna during the 1st quarter worth about $563,000. Capital Research Global Investors bought a new stake in Ermenegildo Zegna during the 1st quarter worth about $54,202,000. Finally, Capital World Investors lifted its position in Ermenegildo Zegna by 34.6% during the 1st quarter. Capital World Investors now owns 5,195,013 shares of the company’s stock worth $76,107,000 after buying an additional 1,335,945 shares in the last quarter. 12.91% of the stock is owned by institutional investors.

Ermenegildo Zegna Stock Up 0.6 %

Shares of ZGN stock opened at $8.39 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.79 and a current ratio of 1.41. The firm’s 50-day moving average is $9.51 and its 200-day moving average is $11.03. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 17.12, a PEG ratio of 2.54 and a beta of 0.61. Ermenegildo Zegna has a 52-week low of $7.89 and a 52-week high of $15.26.

Wall Street Analyst Weigh In

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

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.