Jane Street Group LLC Has $5.68 Million Stock Holdings in Movado Group, Inc. (NYSE:MOV)

Jane Street Group LLC lifted its holdings in shares of Movado Group, Inc. (NYSE:MOV) by 347.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 305,112 shares of the company’s stock after buying an additional 236,847 shares during the period. Jane Street Group LLC’s holdings in Movado Group were worth $5,675,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quadrature Capital Ltd bought a new position in Movado Group during the third quarter valued at about $314,000. Point72 DIFC Ltd acquired a new position in shares of Movado Group during the 3rd quarter valued at about $78,000. Jacobs Levy Equity Management Inc. increased its holdings in shares of Movado Group by 3.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 112,325 shares of the company’s stock valued at $2,089,000 after acquiring an additional 4,162 shares during the last quarter. Centiva Capital LP raised its stake in shares of Movado Group by 76.5% in the 3rd quarter. Centiva Capital LP now owns 18,380 shares of the company’s stock valued at $342,000 after acquiring an additional 7,968 shares in the last quarter. Finally, ClearAlpha Technologies LP acquired a new stake in Movado Group in the 3rd quarter worth approximately $257,000. Institutional investors own 72.08% of the company’s stock.

Movado Group Price Performance

MOV stock opened at $20.89 on Monday. The company has a 50-day moving average of $19.58 and a two-hundred day moving average of $22.10. The stock has a market capitalization of $464.22 million, a price-to-earnings ratio of 20.09 and a beta of 1.04. Movado Group, Inc. has a 52-week low of $17.86 and a 52-week high of $31.44.

Movado Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 6.70%. The ex-dividend date is Monday, December 16th. Movado Group’s dividend payout ratio (DPR) is currently 134.62%.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Movado Group from a “buy” rating to a “hold” rating in a research report on Friday, September 6th.

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.