Fmr LLC Lowers Stake in Inventure Foods, Inc. (NASDAQ:SNAK)

FMR LLC lowered its stake in Inventure Foods, Inc. (NASDAQ:SNAK) by 16.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 970,963 shares of the company’s stock after selling 197,724 shares during the period. FMR LLC owned approximately 4.93% of Inventure Foods worth $4,291,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp increased its position in shares of Inventure Foods by 4.4% in the fourth quarter. State Street Corp now owns 240,723 shares of the company’s stock valued at $2,375,000 after buying an additional 10,208 shares during the period. New Jersey Better Educational Savings Trust increased its position in shares of Inventure Foods by 3.8% in the first quarter. New Jersey Better Educational Savings Trust now owns 110,000 shares of the company’s stock valued at $486,000 after buying an additional 4,000 shares during the period. State of New Jersey Common Pension Fund D increased its position in shares of Inventure Foods by 29.0% in the first quarter. State of New Jersey Common Pension Fund D now owns 1,600,000 shares of the company’s stock valued at $7,072,000 after buying an additional 360,000 shares during the period. Bourgeon Capital Management LLC bought a new position in shares of Inventure Foods during the first quarter valued at about $133,000. Finally, Thompson Investment Management Inc. increased its position in shares of Inventure Foods by 181.2% in the first quarter. Thompson Investment Management Inc. now owns 145,100 shares of the company’s stock valued at $641,000 after buying an additional 93,500 shares during the period. Institutional investors and hedge funds own 81.41% of the company’s stock.

Inventure Foods, Inc. (SNAK) opened at 3.44 on Friday. Inventure Foods, Inc. has a 52-week low of $2.96 and a 52-week high of $10.15. The firm’s 50-day moving average is $3.67 and its 200-day moving average is $4.37. The firm’s market capitalization is $68.06 million.

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SNAK has been the topic of several research reports. Zacks Investment Research upgraded shares of Inventure Foods from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. ValuEngine upgraded shares of Inventure Foods from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 25th.

About Inventure Foods

Inventure Foods, Inc is a marketer and manufacturer of healthy/natural and indulgent specialty snack food brands. The Company operates in two segments: frozen products and snack products. The frozen products segment produces frozen fruits, vegetables, beverages and frozen desserts for sale primarily to groceries, club stores and mass merchandisers.

Institutional Ownership by Quarter for Inventure Foods (NASDAQ:SNAK)

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