Vontobel Holding Ltd. Has $110,000 Stock Position in Ermenegildo Zegna (NYSE:ZGN)

Vontobel Holding Ltd. lessened its holdings in Ermenegildo Zegna (NYSE:ZGN) by 87.8% during the third quarter, HoldingsChannel reports. The firm owned 11,200 shares of the company’s stock after selling 80,867 shares during the quarter. Vontobel Holding Ltd.’s holdings in Ermenegildo Zegna were worth $110,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Ermenegildo Zegna during the first quarter worth $353,000. Susquehanna Fundamental Investments LLC bought a new stake in Ermenegildo Zegna during the 1st quarter worth $563,000. Capital Research Global Investors bought a new stake in Ermenegildo Zegna during the 1st quarter worth $54,202,000. Capital World Investors increased its holdings in Ermenegildo Zegna by 34.6% in the 1st quarter. Capital World Investors now owns 5,195,013 shares of the company’s stock worth $76,107,000 after purchasing an additional 1,335,945 shares in the last quarter. Finally, Quadrature Capital Ltd raised its position in Ermenegildo Zegna by 162.0% in the first quarter. Quadrature Capital Ltd now owns 101,067 shares of the company’s stock valued at $1,483,000 after purchasing an additional 62,488 shares during the last quarter. Institutional investors own 12.91% of the company’s stock.

Ermenegildo Zegna Stock Performance

Shares of ZGN stock opened at $8.02 on Thursday. The company has a current ratio of 1.41, a quick ratio of 0.79 and a debt-to-equity ratio of 0.24. The firm has a fifty day simple moving average of $9.43 and a two-hundred day simple moving average of $10.94. Ermenegildo Zegna has a 12 month low of $7.85 and a 12 month high of $15.26. The firm has a market capitalization of $3.25 billion, a PE ratio of 16.33, a price-to-earnings-growth ratio of 2.54 and a beta of 0.61.

Analyst Upgrades and Downgrades

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

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.