1 week Ago By Defense World Staff
Arrowstreet Capital Limited Partnership grew its holdings in shares of Movado Group, Inc. (NYSE:MOV – Free Report) by 202.3% in the fourth quarter, according to its most recent filing with the SEC.
The firm owned 478,342 shares of the company’s stock after acquiring an additional 320,103 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 2.16% of Movado Group worth $9,414,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. KLP Kapitalforvaltning AS acquired a new stake in Movado Group in the fourth quarter worth about $47,000. Point72 DIFC Ltd bought a new stake in shares of Movado Group during the 3rd quarter worth about $78,000.
FMR LLC lifted its stake in shares of Movado Group by 393.0% in the 3rd quarter. FMR LLC now owns 7,400 shares of the company’s stock worth $138,000 after acquiring an additional 5,899 shares during the period.
Aigen Investment Management LP bought a new position in shares of Movado Group in the fourth quarter valued at approximately $201,000. Finally, Quadrature Capital Ltd bought a new position in shares of Movado Group in the third quarter valued at approximately $314,000. Institutional investors own 72.
08% of the company’s stock. Movado Group Price PerformanceShares of MOV opened at $15.14 on Monday.
The firm’s 50 day moving average is $18.62 and its 200-day moving average is $19.20.
Movado Group, Inc. has a 12-month low of $13.80 and a 12-month high of $27.
86. The stock has a market capitalization of $335.31 million, a P/E ratio of 14.
56 and a beta of 0.92. Analyst Ratings ChangesA number of equities research analysts have weighed in on the company.
StockNews.com downgraded Movado Group from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. BWS Financial assumed coverage on Movado Group in a report on Thursday, January 2nd.
They issued a “buy” rating and a $31.50 price objective for the company.Check Out Our Latest Stock Analysis on MOVAbout Movado Group (Free Report)Movado Group, Inc designs, sources, markets, and distributes watches in the United States and internationally.
The company operates in two segments, Watch and Accessory Brands, and Company Stores. The company offers its watches under the Movado, Concord, Ebel, Olivia Burton, and MVMT brands, as well as licensed brands comprising Coach, Tommy Hilfiger, HUGO BOSS, Lacoste, and Calvin Klein.Featured StoriesFive stocks we like better than Movado GroupWhat Are Dividend Contenders? Investing in Dividend ContendersNewsmax’s IPO Whiplash: Meme Stock Hype or Growth Potential?What Are Dividend Champions? How to Invest in the ChampionsDisney 2025 Shareholders: Major Updates for InvestorsProcter & Gamble (NYSE:PG) Pulls Back After Shaky GuidanceAdvance Auto Parts Stock: A Classic Rebound Play in the MakingWant to see what other hedge funds are holding MOV? Visit HoldingsChannel.
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