XTX Topco Ltd Invests $48,000 in Fossil Group, Inc. (NASDAQ:FOSL)

XTX Topco Ltd acquired a new stake in Fossil Group, Inc. (NASDAQ:FOSL) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 41,249 shares of the accessories brand company’s stock, valued at approximately $48,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nantahala Capital Management LLC grew its holdings in Fossil Group by 45.8% during the 2nd quarter. Nantahala Capital Management LLC now owns 1,905,278 shares of the accessories brand company’s stock worth $2,696,000 after acquiring an additional 598,940 shares in the last quarter. RBF Capital LLC lifted its position in shares of Fossil Group by 12.7% during the 3rd quarter. RBF Capital LLC now owns 289,679 shares of the accessories brand company’s stock worth $339,000 after purchasing an additional 32,580 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Fossil Group during the 2nd quarter worth $131,000. Vanguard Personalized Indexing Management LLC increased its holdings in Fossil Group by 91.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 20,115 shares of the accessories brand company’s stock valued at $29,000 after buying an additional 9,624 shares during the last quarter. Finally, AQR Capital Management LLC acquired a new stake in Fossil Group in the second quarter valued at $28,000. 61.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Fossil Group from a “hold” rating to a “buy” rating in a report on Monday, November 11th.

Insider Transactions at Fossil Group

In other news, CEO Franco Fogliato bought 111,175 shares of the business’s stock in a transaction dated Tuesday, November 26th. The shares were acquired at an average price of $1.37 per share, for a total transaction of $152,309.75. Following the completion of the transaction, the chief executive officer now owns 1,611,175 shares of the company’s stock, valued at approximately $2,207,309.75. This trade represents a 7.41 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 7.80% of the company’s stock.

Fossil Group Stock Performance

Shares of FOSL opened at $1.85 on Monday. The company has a market capitalization of $98.41 million, a price-to-earnings ratio of -0.79 and a beta of 2.25. Fossil Group, Inc. has a 52-week low of $0.75 and a 52-week high of $2.61. The company has a quick ratio of 1.10, a current ratio of 1.81 and a debt-to-equity ratio of 1.07. The stock has a 50 day moving average price of $1.46 and a 200 day moving average price of $1.31.

About Fossil Group

Fossil Group, Inc, together with its subsidiaries, designs, develops, markets, and distributes consumer fashion accessories in the United States, Europe, Asia, and internationally. The company’s products include traditional watches, smartwatches, jewelry, handbags, small leather goods, belts, and sunglasses.