Ermenegildo Zegna N.V. $ZGN Holdings Raised by Portolan Capital Management LLC

Portolan Capital Management LLC increased its stake in Ermenegildo Zegna N.V. (NYSE:ZGN) by 15.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,369,176 shares of the company’s stock after purchasing an additional 185,190 shares during the quarter. Portolan Capital Management LLC’s holdings in Ermenegildo Zegna were worth $12,939,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Orion Porfolio Solutions LLC increased its stake in shares of Ermenegildo Zegna by 12.9% during the third quarter. Orion Porfolio Solutions LLC now owns 11,583 shares of the company’s stock valued at $109,000 after acquiring an additional 1,323 shares during the period. CWM LLC bought a new stake in Ermenegildo Zegna during the third quarter worth approximately $25,000. Tower Research Capital LLC TRC lifted its position in Ermenegildo Zegna by 73.7% in the second quarter. Tower Research Capital LLC TRC now owns 7,146 shares of the company’s stock worth $61,000 after purchasing an additional 3,033 shares during the period. California State Teachers Retirement System bought a new position in Ermenegildo Zegna during the 2nd quarter valued at $33,000. Finally, Savant Capital LLC boosted its stake in Ermenegildo Zegna by 36.0% during the 2nd quarter. Savant Capital LLC now owns 14,957 shares of the company’s stock valued at $128,000 after purchasing an additional 3,961 shares in the last quarter. Institutional investors own 12.91% of the company’s stock.

Ermenegildo Zegna Price Performance

Shares of Ermenegildo Zegna stock opened at $9.69 on Friday. Ermenegildo Zegna N.V. has a 12-month low of $6.05 and a 12-month high of $11.93. The company has a quick ratio of 0.79, a current ratio of 1.42 and a debt-to-equity ratio of 0.18. The stock’s fifty day moving average is $10.45 and its 200-day moving average is $10.07.

Wall Street Analysts Forecast Growth

ZGN has been the topic of several research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Ermenegildo Zegna in a research report on Wednesday, January 21st. Bank of America reaffirmed a “neutral” rating and set a $11.20 target price (down from $11.50) on shares of Ermenegildo Zegna in a research note on Friday, January 16th. Morgan Stanley initiated coverage on Ermenegildo Zegna in a report on Thursday, February 12th. They set an “equal weight” rating and a $11.00 target price on the stock. UBS Group upgraded shares of Ermenegildo Zegna from a “neutral” rating to a “buy” rating and set a $11.50 price target on the stock in a research report on Thursday, February 5th. Finally, Sanford C. Bernstein initiated coverage on shares of Ermenegildo Zegna in a report on Tuesday, November 25th. They issued an “outperform” rating and a $13.00 price target for the company. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $11.73.

About Ermenegildo Zegna

Ermenegildo Zegna is a global luxury fashion house specializing in men’s tailored clothing, casualwear, accessories, footwear and fragrances. With a focus on high-quality fabrics and craftsmanship, the company manages the entire value chain from wool sourcing and textile production to garment design, manufacturing and retail distribution.

Founded in 1910 by Ermenegildo Zegna in Trivero, Italy, the company began as a textile mill dedicated to producing fine wool fabrics. Over the decades it expanded into ready-to-wear clothing and built a reputation for sartorial excellence.