Aigen Investment Management LP Invests $201,000 in Movado Group, Inc. (NYSE:MOV)

Aigen Investment Management LP acquired a new stake in shares of Movado Group, Inc. (NYSE:MOV) during the fourth quarter, HoldingsChannel reports. The fund acquired 10,220 shares of the company’s stock, valued at approximately $201,000.

Other large investors also recently modified their holdings of the company. Royce & Associates LP grew its position in Movado Group by 1.6% during the third quarter. Royce & Associates LP now owns 1,456,809 shares of the company’s stock valued at $27,097,000 after acquiring an additional 22,414 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Movado Group by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 355,152 shares of the company’s stock valued at $6,607,000 after purchasing an additional 5,990 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Movado Group by 347.0% during the 3rd quarter. Jane Street Group LLC now owns 305,112 shares of the company’s stock valued at $5,675,000 after purchasing an additional 236,847 shares during the last quarter. Bank of New York Mellon Corp raised its position in Movado Group by 11.5% in the 4th quarter. Bank of New York Mellon Corp now owns 219,502 shares of the company’s stock worth $4,320,000 after purchasing an additional 22,578 shares during the period. Finally, Confluence Investment Management LLC lifted its stake in Movado Group by 60.6% in the fourth quarter. Confluence Investment Management LLC now owns 176,057 shares of the company’s stock worth $3,465,000 after purchasing an additional 66,422 shares during the last quarter. 72.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. BWS Financial initiated coverage on Movado Group in a report on Thursday, January 2nd. They issued a “buy” rating and a $31.50 price objective on the stock. StockNews.com lowered Movado Group from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th.

Movado Group Stock Down 0.2 %

NYSE:MOV opened at $18.34 on Monday. The firm has a market capitalization of $406.10 million, a P/E ratio of 17.63 and a beta of 0.96. The company has a fifty day moving average of $19.41 and a 200 day moving average of $19.77. Movado Group, Inc. has a 52 week low of $17.83 and a 52 week high of $28.26.

Movado Group Profile

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.