Trexquant Investment LP Has $463,000 Stake in Nomad Foods Limited (NOMD)
Trexquant Investment LP lifted its holdings in shares of Nomad Foods Limited (NYSE:NOMD) by 115.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,808 shares of the company’s stock after purchasing an additional 17,069 shares during the quarter. Trexquant Investment LP’s holdings in Nomad Foods were worth $463,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the company. Janus Henderson Group PLC acquired a new position in Nomad Foods in the second quarter valued at $38,402,000. GMT Capital Corp acquired a new position in Nomad Foods in the second quarter valued at $36,674,000. Victory Capital Management Inc. boosted its holdings in Nomad Foods by 296.5% in the second quarter. Victory Capital Management Inc. now owns 3,206,030 shares of the company’s stock valued at $45,237,000 after acquiring an additional 2,397,440 shares during the last quarter. Boston Partners boosted its holdings in Nomad Foods by 28.9% in the third quarter. Boston Partners now owns 8,252,928 shares of the company’s stock valued at $120,245,000 after acquiring an additional 1,852,022 shares during the last quarter. Finally, Laurion Capital Management LP acquired a new position in Nomad Foods in the second quarter valued at $25,466,000. Institutional investors and hedge funds own 72.83% of the company’s stock.
A number of research analysts recently weighed in on the company. Zacks Investment Research upgraded Nomad Foods from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Saturday. SunTrust Banks lifted their target price on Nomad Foods to $20.00 and gave the company a “buy” rating in a report on Wednesday. ValuEngine upgraded Nomad Foods from a “hold” rating to a “buy” rating in a report on Thursday, November 16th. Finally, Berenberg Bank assumed coverage on Nomad Foods in a report on Thursday, November 16th. They issued a “buy” rating and a $18.00 target price on the stock. Six analysts have rated the stock with a buy rating, Nomad Foods currently has a consensus rating of “Buy” and an average price target of $17.20.
Shares of Nomad Foods Limited (NYSE:NOMD) traded up $0.19 on Friday, hitting $16.62. The company’s stock had a trading volume of 4,935,794 shares, compared to its average volume of 851,749. The firm has a market capitalization of $2,864.54 and a PE ratio of 17.49. Nomad Foods Limited has a 12 month low of $9.00 and a 12 month high of $16.90. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.68 and a current ratio of 1.03.
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About Nomad Foods
Nomad Foods Limited manufactures and distributes frozen foods primarily in the United Kingdom, Italy, Germany, Sweden, France, and Norway. The companys frozen food products include fish, vegetables, poultry products, and ready meals. It sells its products directly or through distribution arrangements to supermarkets and large food retail chains under the Birdseye, Findus, and Iglo brands.
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