Trexquant Investment LP bought a new stake in Weis Markets (NYSE:WMK) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 20,154 shares of the company’s stock, valued at approximately $826,000. Trexquant Investment LP owned 0.07% of Weis Markets at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in WMK. Wells Fargo & Company MN boosted its stake in shares of Weis Markets by 14.7% in the third quarter. Wells Fargo & Company MN now owns 23,374 shares of the company’s stock valued at $1,017,000 after purchasing an additional 3,004 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of Weis Markets by 28.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 117,933 shares of the company’s stock valued at $4,882,000 after purchasing an additional 26,047 shares during the period. LSV Asset Management boosted its stake in shares of Weis Markets by 57.3% in the fourth quarter. LSV Asset Management now owns 89,811 shares of the company’s stock valued at $3,717,000 after purchasing an additional 32,711 shares during the period. Algert Global LLC purchased a new position in shares of Weis Markets in the fourth quarter valued at $2,039,000. Finally, Alambic Investment Management L.P. boosted its stake in shares of Weis Markets by 104.3% in the fourth quarter. Alambic Investment Management L.P. now owns 116,051 shares of the company’s stock valued at $4,803,000 after purchasing an additional 59,250 shares during the period. Institutional investors and hedge funds own 34.97% of the company’s stock.
Shares of Weis Markets opened at $51.07 on Thursday, MarketBeat.com reports. The firm has a market capitalization of $1.33 billion, a PE ratio of 24.81 and a beta of 0.55. The company has a quick ratio of 0.74, a current ratio of 1.77 and a debt-to-equity ratio of 0.02. Weis Markets has a twelve month low of $50.26 and a twelve month high of $50.77.
Weis Markets (NYSE:WMK) last announced its earnings results on Monday, May 7th. The company reported $0.60 earnings per share for the quarter. Weis Markets had a net margin of 2.94% and a return on equity of 5.52%. The business had revenue of $876.11 million during the quarter.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 21st. Shareholders of record on Monday, May 7th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 4th. This represents a $1.20 dividend on an annualized basis and a yield of 2.35%.
Several research analysts have recently weighed in on WMK shares. ValuEngine downgraded shares of Weis Markets from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. TheStreet upgraded shares of Weis Markets from a “c+” rating to a “b-” rating in a research note on Wednesday, April 18th.
Weis Markets Company Profile
Weis Markets, Inc engages in the retail sale of food in Pennsylvania and surrounding states. The company's retail food stores sell groceries, dairy products, frozen foods, meats, seafood, fresh produce, floral, pharmacy services, deli products, prepared foods, bakery products, beer and wine, and fuel; and general merchandise items, such as health and beauty care, and household products.
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