Scoggin Management LP Takes $18.21 Million Position in Nomad Foods Limited (NOMD)

Scoggin Management LP bought a new stake in shares of Nomad Foods Limited (NYSE:NOMD) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,250,000 shares of the company’s stock, valued at approximately $18,213,000. Nomad Foods comprises about 1.9% of Scoggin Management LP’s holdings, making the stock its 8th largest position. Scoggin Management LP owned about 0.73% of Nomad Foods at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in NOMD. Capital Fund Management S.A. purchased a new position in Nomad Foods in the second quarter worth $145,000. Empirical Finance LLC purchased a new position in Nomad Foods in the third quarter worth $152,000. Jane Street Group LLC purchased a new position in Nomad Foods in the third quarter worth $168,000. Balter Liquid Alternatives LLC purchased a new position in Nomad Foods in the second quarter worth $172,000. Finally, Stevens Capital Management LP purchased a new position in Nomad Foods in the third quarter worth $174,000. 72.83% of the stock is currently owned by institutional investors.

Shares of Nomad Foods Limited (NOMD) traded up $0.14 during midday trading on Tuesday, hitting $16.70. The stock had a trading volume of 1,693,800 shares, compared to its average volume of 1,011,310. Nomad Foods Limited has a 1 year low of $9.15 and a 1 year high of $16.90. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.03 and a quick ratio of 0.56. The stock has a market cap of $2,854.20 and a PE ratio of 17.43.

Several research analysts have weighed in on the company. Zacks Investment Research raised Nomad Foods from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research report on Saturday, December 2nd. SunTrust Banks boosted their price objective on Nomad Foods to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, November 29th. ValuEngine raised Nomad Foods from a “hold” rating to a “buy” rating in a research report on Thursday, November 16th. Finally, Berenberg Bank assumed coverage on Nomad Foods in a research report on Thursday, November 16th. They set a “buy” rating and a $18.00 price target on the stock. Six analysts have rated the stock with a buy rating, Nomad Foods presently has an average rating of “Buy” and a consensus price target of $17.20.

TRADEMARK VIOLATION NOTICE: “Scoggin Management LP Takes $18.21 Million Position in Nomad Foods Limited (NOMD)” was originally posted by Week Herald and is the property of of Week Herald. If you are viewing this piece on another site, it was illegally copied and republished in violation of United States and international copyright & trademark law. The correct version of this piece can be viewed at https://weekherald.com/2017/12/12/scoggin-management-lp-takes-18-21-million-position-in-nomad-foods-limited-nomd.html.

Nomad Foods Profile

Nomad Foods Limited manufactures and distributes frozen foods primarily in the United Kingdom, Italy, Germany, Sweden, France, and Norway. The company’s 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.

Institutional Ownership by Quarter for Nomad Foods (NYSE:NOMD)

Receive News & Ratings for Nomad Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nomad Foods and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply