Inceptionr LLC Invests $460,000 in Movado Group, Inc. (NYSE:MOV)

Inceptionr LLC purchased a new position in Movado Group, Inc. (NYSE:MOV - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 23,379 shares of the company's stock, valued at approximately $460,000. Inceptionr LLC owned about 0.11% of Movado Group at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Victory Capital Management Inc. grew its stake in Movado Group by 8.7% during the 3rd quarter. Victory Capital Management Inc. now owns 16,330 shares of the company's stock worth $304,000 after buying an additional 1,301 shares during the last quarter. Exchange Traded Concepts LLC boosted its holdings in Movado Group by 3.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 68,091 shares of the company's stock worth $1,340,000 after acquiring an additional 1,994 shares in the last quarter. Sanctuary Advisors LLC grew its stake in shares of Movado Group by 4.4% during the third quarter. Sanctuary Advisors LLC now owns 60,148 shares of the company's stock worth $1,179,000 after acquiring an additional 2,551 shares during the last quarter. Versor Investments LP increased its holdings in shares of Movado Group by 24.3% during the third quarter. Versor Investments LP now owns 17,881 shares of the company's stock valued at $333,000 after acquiring an additional 3,500 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of Movado Group by 3.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 112,325 shares of the company's stock valued at $2,089,000 after purchasing an additional 4,162 shares during the last quarter. 72.08% of the stock is owned by institutional investors and hedge funds.

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Movado Group Stock Down 0.9 %

Shares of NYSE:MOV traded down $0.17 during trading on Wednesday, hitting $17.85. The stock had a trading volume of 106,988 shares, compared to its average volume of 199,460. Movado Group, Inc. has a 12-month low of $17.64 and a 12-month high of $28.26. The stock has a market capitalization of $395.14 million, a price-to-earnings ratio of 17.16 and a beta of 0.96. The stock has a 50-day simple moving average of $19.34 and a two-hundred day simple moving average of $19.68.

Analyst Ratings Changes

Several research firms have weighed in on MOV. BWS Financial assumed coverage on shares of Movado Group in a research report on Thursday, January 2nd. They set a "buy" rating and a $31.50 target price on the stock. StockNews.com downgraded shares of Movado Group from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th.

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.