Assenagon Asset Management S.A. Has $6.76 Million Stock Holdings in Nomad Foods Limited (NYSE:NOMD)

Assenagon Asset Management S.A. lessened its holdings in shares of Nomad Foods Limited (NYSE:NOMD - Free Report) by 35.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 354,726 shares of the company's stock after selling 194,012 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.22% of Nomad Foods worth $6,761,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Blue Trust Inc. grew its stake in Nomad Foods by 133.2% in the second quarter. Blue Trust Inc. now owns 1,635 shares of the company's stock valued at $27,000 after purchasing an additional 934 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of Nomad Foods in the 2nd quarter valued at approximately $42,000. National Bank of Canada FI increased its holdings in Nomad Foods by 378.4% in the second quarter. National Bank of Canada FI now owns 2,775 shares of the company's stock worth $46,000 after buying an additional 2,195 shares during the last quarter. Quarry LP raised its position in Nomad Foods by 366.5% during the second quarter. Quarry LP now owns 3,004 shares of the company's stock valued at $50,000 after acquiring an additional 2,360 shares in the last quarter. Finally, nVerses Capital LLC acquired a new stake in Nomad Foods in the second quarter valued at approximately $120,000. 75.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on NOMD. StockNews.com upgraded Nomad Foods from a "hold" rating to a "buy" rating in a report on Friday. Barclays reduced their target price on Nomad Foods from $22.00 to $21.00 and set an "overweight" rating for the company in a report on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Nomad Foods from $23.00 to $24.00 and gave the company a "buy" rating in a research report on Thursday, August 8th.

Nomad Foods Stock Performance

NOMD traded down $0.22 during midday trading on Tuesday, reaching $17.61. The company's stock had a trading volume of 413,033 shares, compared to its average volume of 579,445. The company has a current ratio of 1.17, a quick ratio of 0.73 and a debt-to-equity ratio of 0.80. The company has a fifty day simple moving average of $18.57 and a 200 day simple moving average of $18.09. The stock has a market cap of $2.87 billion, a P/E ratio of 14.89 and a beta of 0.78. Nomad Foods Limited has a twelve month low of $13.60 and a twelve month high of $20.05.

Nomad Foods (NYSE:NOMD - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.47 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.47. The company had revenue of $810.64 million for the quarter, compared to analyst estimates of $822.21 million. Nomad Foods had a net margin of 6.79% and a return on equity of 9.78%. Research analysts expect that Nomad Foods Limited will post 1.96 earnings per share for the current year.

About Nomad Foods

Nomad Foods Limited, together with its subsidiaries, manufactures, markets, and distributes a range of frozen food products in the United Kingdom and internationally. The company offers frozen fish products, including fish fingers, coated fish, and natural fish; ready-to-cook vegetable products, such as peas and spinach; and frozen poultry and meat products comprising nuggets, grills, and burgers.