Landscape Capital Management L.L.C. Takes Position in Ermenegildo Zegna (NYSE:ZGN)

Landscape Capital Management L.L.C. acquired a new position in shares of Ermenegildo Zegna (NYSE:ZGN) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 61,737 shares of the company’s stock, valued at approximately $510,000.

Several other large investors have also bought and sold shares of ZGN. Jane Street Group LLC acquired a new position in Ermenegildo Zegna during the third quarter worth about $222,000. American Assets Inc. acquired a new position in Ermenegildo Zegna during the 4th quarter worth approximately $578,000. SBI Securities Co. Ltd. bought a new position in Ermenegildo Zegna in the 4th quarter valued at approximately $28,000. XTX Topco Ltd acquired a new stake in Ermenegildo Zegna in the third quarter valued at approximately $215,000. Finally, Next Capital Management LLC bought a new stake in shares of Ermenegildo Zegna during the fourth quarter worth $151,000. 12.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Bank of America upgraded 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 note on Thursday, January 16th. TD Cowen assumed coverage on Ermenegildo Zegna in a research note on Tuesday, February 18th. They set a “hold” rating and a $10.00 price target on the stock.

Ermenegildo Zegna Stock Performance

Shares of Ermenegildo Zegna stock opened at $6.62 on Monday. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of 12.49 and a beta of 0.73. The company has a quick ratio of 0.79, a current ratio of 1.41 and a debt-to-equity ratio of 0.24. Ermenegildo Zegna has a twelve month low of $6.13 and a twelve month high of $13.36. The company’s fifty day moving average is $8.19 and its 200 day moving average is $8.22.

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.