Royce & Associates Amends Movado Group Stake (13G/A)
Ticker: MOVAA · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 72573
| Field | Detail |
|---|---|
| Company | Movado Group INC (MOVAA) |
| Form Type | SC 13G/A |
| Filed Date | Jan 23, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, 13G, ownership-change
TL;DR
**Royce & Associates updated their Movado Group stake, watch for potential market reaction.**
AI Summary
Royce & Associates, LP, an investment firm, filed an amended Schedule 13G/A on January 23, 2024, indicating a change in their beneficial ownership of Movado Group, Inc. common stock as of December 31, 2023. This filing, Amendment No. 13, updates their previous disclosures regarding their stake in the watch and clock manufacturer. This matters to investors because it signals a potential shift in a significant institutional investor's position, which could influence market sentiment or indicate a re-evaluation of Movado's prospects.
Why It Matters
Changes in institutional ownership can signal a shift in confidence from major investors, potentially impacting stock price and future investment decisions for other shareholders.
Risk Assessment
Risk Level: low — This filing is a routine update of institutional ownership and does not inherently present a high risk, though changes in ownership can influence stock volatility.
Analyst Insight
Investors should monitor subsequent filings from Royce & Associates, LP to understand the extent of any change in their beneficial ownership of Movado Group, Inc. and consider how this might align with their own investment thesis for MOV.
Key Players & Entities
- Royce & Associates, LP (company) — the reporting person filing the SC 13G/A
- Movado Group, Inc. (company) — the issuer of the common stock
- December 31, 2023 (date) — the date of the event requiring the filing
- January 23, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 13 (number) — the specific amendment number of the filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, filed under Rule 13d-102 of the Securities Exchange Act of 1934.
Who is the 'Reporting Person' in this filing?
The Reporting Person is Royce & Associates, LP, with IRS Identification No. 52-2343049 and organized in New York.
What is the 'Subject Company' or 'Issuer' of the securities?
The Subject Company, also known as the Issuer, is Movado Group, Inc., with CIK 0000072573.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock of Movado Group, Inc. is 624580106.
What was the 'Date of Event Which Requires Filing of this Statement'?
The Date of Event Which Requires Filing of this Statement was December 31, 2023.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 23, 2024 regarding MOVADO GROUP INC (MOVAA).