Movado Group, Inc. (MOV) Reaches $38.40 52-Week High; Manitex International (MNTX)’s Sentiment Is 1.47

Saturday, 31 March 2018

Movado Group, Inc. (MOV) Reaches $38.40 52-Week High; Manitex International (MNTX)’s Sentiment Is 1.47

The stock of Movado Group, Inc. (NYSE:MOV) hit a new 52-week high and has $40.70 target or 6.00% above today’s $38.40 share price. The 8 months bullish chart indicates low risk for the $880.90 million company. The 1-year high was reported on Mar, 31 by Barchart.com. If the $40.70 price target is reached, the company will be worth $52.85M more. The stock increased 15.66% or $5.2 during the last trading session, reaching $38.4. About 1.31 million shares traded or 992.30% up from the average. Movado Group, Inc. (NYSE:MOV) has risen 36.40% since March 31, 2017 and is uptrending. It has outperformed by 24.85% the S&P500.

Manitex International Inc (MNTX) investors sentiment increased to 1.47 in 2017 Q4. It’s up 0.24, from 1.23 in 2017Q3. The ratio is positive, as 28 investment managers opened new or increased holdings, while 19 sold and reduced stock positions in Manitex International Inc. The investment managers in our database now own: 9.90 million shares, down from 10.68 million shares in 2017Q3. Also, the number of investment managers holding Manitex International Inc in top ten holdings was flat from 1 to 1 for the same number . Sold All: 10 Reduced: 9 Increased: 18 New Position: 10.

Wealthtrust Axiom Llc holds 3.08% of its portfolio in Manitex International, Inc. for 863,164 shares. Manatuck Hill Partners Llc owns 347,700 shares or 1.74% of their US portfolio. Moreover, Pacific Ridge Capital Partners Llc has 1.54% invested in the company for 606,684 shares. The Massachusetts-based Rutabaga Capital Management Llc Ma has invested 1.47% in the stock. First Wilshire Securities Management Inc, a California-based fund reported 519,364 shares.

The stock decreased 3.63% or $0.43 during the last trading session, reaching $11.43. About 58,489 shares traded. Manitex International, Inc. (MNTX) has risen 72.38% since March 31, 2017 and is uptrending. It has outperformed by 60.83% the S&P500.

Manitex International, Inc. provides engineered lifting and loading products worldwide. The company has market cap of $189.24 million. The firm operates through three divisions: Lifting Equipment, ASV, and Equipment Distribution divisions. It currently has negative earnings. The Lifting Equipment segment designs, makes, and distributes boom trucks and crane products that are used for industrial projects and energy exploration, as well as for roads, bridges, and residential and commercial construction; and specialized rough terrain cranes and material handling products for the construction, municipality, and railroad industries, as well as truck-mounted aerial platforms and sign cranes.

Investors sentiment decreased to 1.26 in Q4 2017. Its down 0.37, from 1.63 in 2017Q3. It is negative, as 10 investors sold Movado Group, Inc. shares while 51 reduced holdings. 34 funds opened positions while 43 raised stakes. 14.64 million shares or 1.47% more from 14.43 million shares in 2017Q3 were reported. Fny Managed Accounts Limited Liability accumulated 12 shares. Virginia Retirement System Et Al has 18,800 shares for 0.01% of their portfolio. Denali Advsrs Lc accumulated 242 shares. Jacobs Levy Equity Management Inc holds 9,431 shares. Hotchkis & Wiley Mgmt Ltd Company has 0.01% invested in Movado Group, Inc. (NYSE:MOV). Bowling Port Mgmt Limited Liability Co invested in 0.31% or 71,871 shares. Clarivest Asset Management reported 0% of its portfolio in Movado Group, Inc. (NYSE:MOV). Aperio Limited Com reported 6,323 shares stake. 114,669 are owned by Morgan Stanley. Carroll Fincl Inc holds 35 shares. Ameritas Ptnrs Inc accumulated 1,238 shares. Bnp Paribas Arbitrage Sa holds 0% in Movado Group, Inc. (NYSE:MOV) or 10,585 shares. California State Teachers Retirement Sys stated it has 0% in Movado Group, Inc. (NYSE:MOV). Swiss Comml Bank invested in 27,000 shares or 0% of the stock. Voya Invest Mgmt Ltd Limited Liability Company has invested 0% in Movado Group, Inc. (NYSE:MOV).

Since January 9, 2018, it had 0 insider purchases, and 11 sales for $472,353 activity. Another trade for 800 shares valued at $23,235 was made by COTE RICHARD on Tuesday, February 6.

Movado Group, Inc. designs, develops, sources, markets, and distributes fine watches in the United States and internationally. The company has market cap of $880.90 million. The firm operates in two divisions, Wholesale and Retail. It has a 37.28 P/E ratio. The firm offers its watches under the Ebel, Concord, Movado, ESQ Movado, Coach, HUGO BOSS, Juicy Couture, Lacoste, Tommy Hilfiger, and SCUDERIA FERRARI brands.

Among 3 analysts covering Movado Group (NYSE:MOV), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Movado Group has $34 highest and $32.0 lowest target. $33’s average target is -14.06% below currents $38.4 stock price. Movado Group had 8 analyst reports since August 17, 2015 according to SRatingsIntel. The rating was initiated by Sidoti with “Buy” on Friday, February 19. The firm earned “Hold” rating on Monday, August 17 by Zacks. The stock of Movado Group, Inc. (NYSE:MOV) earned “Sell” rating by Zacks on Thursday, August 27. The firm has “Hold” rating by KeyBanc Capital Markets given on Wednesday, October 11. Sidoti upgraded the stock to “Buy” rating in Monday, January 30 report. The rating was downgraded by Sidoti to “Neutral” on Thursday, December 15. The stock has “Hold” rating by Cowen & Co on Tuesday, November 21. As per Tuesday, November 21, the company rating was maintained by KeyBanc Capital Markets.

Movado Group, Inc. (NYSE:MOV) Institutional Positions Chart