Nebula Research & Development LLC Purchases Shares of 54,534 Ermenegildo Zegna (NYSE:ZGN)

Nebula Research & Development LLC purchased a new stake in shares of Ermenegildo Zegna (NYSE:ZGN) in the 4th quarter, Holdings Channel.com reports. The firm purchased 54,534 shares of the company’s stock, valued at approximately $450,000.

Several other institutional investors have also added to or reduced their stakes in ZGN. SBI Securities Co. Ltd. purchased a new position in Ermenegildo Zegna during the 4th quarter valued at approximately $28,000. Entropy Technologies LP purchased a new position in shares of Ermenegildo Zegna in the 4th quarter worth approximately $84,000. Mirabella Financial Services LLP purchased a new position in shares of Ermenegildo Zegna in the 4th quarter worth approximately $87,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Ermenegildo Zegna in the 4th quarter worth approximately $151,000. Finally, Next Capital Management LLC purchased a new position in shares of Ermenegildo Zegna in the 4th quarter worth approximately $151,000. Hedge funds and other institutional investors own 12.91% of the company’s stock.

Ermenegildo Zegna Price Performance

Shares of ZGN stock opened at $7.95 on Wednesday. Ermenegildo Zegna has a 52-week low of $6.05 and a 52-week high of $13.36. 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 has a market capitalization of $3.24 billion, a P/E ratio of 15.00 and a beta of 0.73. The stock has a 50 day moving average price of $7.44 and a 200 day moving average price of $7.98.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Bank of America upgraded Ermenegildo Zegna from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $9.40 to $8.90 in a report on Thursday, January 16th. TD Cowen assumed coverage on Ermenegildo Zegna in a report on Tuesday, February 18th. They issued a “hold” rating and a $10.00 target price for the company.

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.