Waratah Capital Advisors Ltd. boosted its stake in shares of Nomad Foods Limited (NYSE:NOMD) by 90.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 154,027 shares of the company’s stock after purchasing an additional 73,102 shares during the period. Waratah Capital Advisors Ltd.’s holdings in Nomad Foods were worth $2,605,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the business. Atria Investments LLC raised its stake in Nomad Foods by 55.4% during the fourth quarter. Atria Investments LLC now owns 16,395 shares of the company’s stock worth $277,000 after purchasing an additional 5,844 shares during the period. C M Bidwell & Associates Ltd. purchased a new position in shares of Nomad Foods in the 4th quarter valued at $112,000. Claraphi Advisory Network LLC purchased a new position in shares of Nomad Foods in the 4th quarter valued at $171,000. Empirical Finance LLC purchased a new position in shares of Nomad Foods in the 3rd quarter valued at $152,000. Finally, Jane Street Group LLC purchased a new position in shares of Nomad Foods in the 3rd quarter valued at $168,000. 75.32% of the stock is currently owned by institutional investors.
Nomad Foods Limited (NOMD) opened at $17.06 on Friday. Nomad Foods Limited has a one year low of $10.40 and a one year high of $17.32. The company has a quick ratio of 0.56, a current ratio of 1.03 and a debt-to-equity ratio of 0.77. The company has a market cap of $2,968.39, a price-to-earnings ratio of 25.09 and a beta of -0.51.
A number of equities analysts have recently commented on NOMD shares. Zacks Investment Research downgraded shares of Nomad Foods from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Berenberg Bank started coverage on shares of Nomad Foods in a research note on Thursday, November 16th. They issued a “buy” rating and a $18.00 target price on the stock. ValuEngine raised shares of Nomad Foods from a “hold” rating to a “buy” rating in a research note on Thursday, November 16th. Finally, SunTrust Banks raised their target price on shares of Nomad Foods to $20.00 and gave the company a “buy” rating in a research note on Wednesday, November 29th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Nomad Foods presently has an average rating of “Buy” and a consensus target price of $18.25.
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Nomad Foods Profile
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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