Price T Rowe Associates Inc. MD Has $148.16 Million Stake in Ermenegildo Zegna (NYSE:ZGN)

Price T Rowe Associates Inc. MD decreased its position in shares of Ermenegildo Zegna (NYSE:ZGNFree Report) by 0.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,805,298 shares of the company’s stock after selling 92,286 shares during the period. Price T Rowe Associates Inc. MD owned 5.27% of Ermenegildo Zegna worth $148,158,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Edmond DE Rothschild Holding S.A. bought a new position in shares of Ermenegildo Zegna during the 4th quarter worth about $4,165,000. Tabor Asset Management LP increased its holdings in shares of Ermenegildo Zegna by 48.2% during the 4th quarter. Tabor Asset Management LP now owns 734,035 shares of the company’s stock worth $8,493,000 after purchasing an additional 238,614 shares during the period. Public Investment Fund increased its holdings in shares of Ermenegildo Zegna by 3.1% during the 4th quarter. Public Investment Fund now owns 2,228,738 shares of the company’s stock worth $25,786,000 after purchasing an additional 66,371 shares during the period. Invesco Ltd. increased its holdings in shares of Ermenegildo Zegna by 0.8% during the 3rd quarter. Invesco Ltd. now owns 7,818,211 shares of the company’s stock worth $108,829,000 after purchasing an additional 61,603 shares during the period. Finally, Armistice Capital LLC bought a new stake in Ermenegildo Zegna in the third quarter valued at about $736,000. Institutional investors and hedge funds own 12.91% of the company’s stock.

Ermenegildo Zegna Stock Down 2.8 %

NYSE ZGN traded down $0.34 on Friday, reaching $11.65. The company’s stock had a trading volume of 290,354 shares, compared to its average volume of 617,362. The business has a 50-day moving average price of $12.26 and a 200 day moving average price of $12.50. Ermenegildo Zegna has a 52 week low of $10.12 and a 52 week high of $16.36. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.76 and a current ratio of 1.27.

Ermenegildo Zegna Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Tuesday, July 30th. Shareholders of record on Friday, July 5th will be paid a dividend of $0.12 per share. This represents a yield of 1.01%. This is a boost from Ermenegildo Zegna’s previous annual dividend of $0.10. The ex-dividend date of this dividend is Friday, July 5th.

Ermenegildo Zegna Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Ermenegildo Zegna (NYSE:ZGN)

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