Invesco Advisers, Inc. recently announced the acquisition of new stake in Ermenegildo Zegna N.V. (NYSE:ZGN). The institutional investor has increased its shareholding in the Consumer Cyclical company by 0.78% to 7.79 million shares with purchase of 59995.0 shares. This fresh investment now brings its stake to 3.12% valued currently at $90.12 million. In addition, Artisan Partners LP raised its holdings by 1.35 million to 3.94 million shares. And Capital Research & Management Co has lifted its position by 401.83% or 3.09 million shares – to 3.86 million shares.
With over 0.45 million Ermenegildo Zegna N.V. (ZGN) shares trading Friday and a closing price of $10.85 on the day, the dollar volume was approximately $4.93 million. The shares have shown a negative half year performance of -25.48% and its price on 01/12/24 lost nearly -1.36%. Currently, there are 242.80M common shares owned by the public and among those 52.72M shares have been available to trade.
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Insiders at the company have transacted a total of 0 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 0 of these insider trades were purchases, accounting for 0 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
The top 3 mutual fund holders in Ermenegildo Zegna N.V. are Invesco Developing Markets Fund, T Rowe Price International Stock, and American Funds Small Cap World Fu. Invesco Developing Markets Fund owns 7.0 million shares of the company’s stock, all valued at over $81.01 million. T Rowe Price International Stock sold -0.3 million shares to see its total holdings shrink to 4.67 million shares valued at over $54.03 million and representing 1.87% of the shares outstanding. American Funds Small Cap World Fu bought 3.09 million shares to bring its total holdings to over 3.86 million shares at a value of $44.65 million. American Funds Small Cap World Fu now owns shares totaling to 1.55% of the shares outstanding.
However, the script later moved the day high at 11.03, down -1.36%. The company’s stock has a 5-day price change of -0.73% and -13.27% over the past three months. ZGN shares are trading -6.22% year to date (YTD), with the 12-month market performance down to -1.72% lower. It has a 12-month low price of $10.40 and touched a high of $16.36 over the same period. ZGN has an average intraday trading volume of 393.91K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -4.88%, -5.91%, and -16.02% respectively.
Institutional ownership of Ermenegildo Zegna N.V. (NYSE: ZGN) shares accounts for 14.38% of the company’s 242.80M shares outstanding. Mutual fund holders own 10.29%, while other institutional holders and individual stakeholders account for 4.08% and — respectively.
It has a market capitalization of $2.71B and a beta (3y monthly) value of 0.52. The stock’s trailing 12-month PE ratio is 30.32, while the earnings-per-share (ttm) stands at $0.36. The company has a PEG of 0.87 and a Quick Ratio of 0.70 with the debt-to-equity ratio at 1.29. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.46% over the week and 2.29% over the month.
Analysts forecast that Ermenegildo Zegna N.V. (ZGN) will achieve an EPS of $0 for the current quarter, $0 for the next quarter and $0.47 for 2023. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0. Earnings per share for the fiscal year are expected to increase by 69.20%, and 25.37% over the next financial year.
