Inventure Foods, Inc. (SNAK) Position Lifted by ICM Asset Management Inc. WA
ICM Asset Management Inc. WA increased its position in shares of Inventure Foods, Inc. (NASDAQ:SNAK) by 52.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 348,579 shares of the company’s stock after acquiring an additional 119,789 shares during the quarter. Inventure Foods comprises approximately 1.9% of ICM Asset Management Inc. WA’s investment portfolio, making the stock its 19th biggest holding. ICM Asset Management Inc. WA owned about 1.76% of Inventure Foods worth $1,635,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. LMR Partners LLP bought a new position in Inventure Foods during the 2nd quarter worth approximately $285,000. OppenheimerFunds Inc. bought a new position in Inventure Foods during the 1st quarter worth approximately $228,000. Bank of America Corp DE boosted its stake in Inventure Foods by 263.2% during the 1st quarter. Bank of America Corp DE now owns 83,907 shares of the company’s stock worth $371,000 after acquiring an additional 60,802 shares during the last quarter. NJ State Employees Deferred Compensation Plan boosted its stake in Inventure Foods by 80.0% during the 3rd quarter. NJ State Employees Deferred Compensation Plan now owns 90,000 shares of the company’s stock worth $422,000 after acquiring an additional 40,000 shares during the last quarter. Finally, Royce & Associates LP lifted its stake in Inventure Foods by 38.4% in the second quarter. Royce & Associates LP now owns 1,285,020 shares of the company’s stock valued at $5,538,000 after buying an additional 356,549 shares in the last quarter. 71.01% of the stock is currently owned by institutional investors and hedge funds.
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SNAK has been the topic of a number of research reports. Zacks Investment Research raised shares of Inventure Foods from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. William Blair reaffirmed a “market perform” rating on shares of Inventure Foods in a research note on Wednesday, November 1st. Finally, ValuEngine raised shares of Inventure Foods from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 25th.
Shares of Inventure Foods, Inc. (SNAK) traded down $0.01 on Tuesday, reaching $3.98. 141,815 shares of the company’s stock were exchanged, compared to its average volume of 518,140.
Inventure Foods Profile
Inventure Foods, Inc is a marketer and manufacturer of healthy/natural and indulgent specialty snack food brands. The Company operates in the snack products segment. The snack products segment produces potato chips, kettle chips, potato crisps, potato skins, pellet snacks, sheeted dough products and extruded products for sale primarily to snack food distributors and retailers.
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