Gamco Investors INC. ET AL lowered its holdings in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 4.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,029,152 shares of the company’s stock after selling 47,800 shares during the quarter. Gamco Investors INC. ET AL owned 5.08% of Ingles Markets worth $32,038,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the business. Swiss National Bank grew its stake in Ingles Markets by 8.2% during the second quarter. Swiss National Bank now owns 23,700 shares of the company’s stock worth $738,000 after buying an additional 1,800 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Ingles Markets by 67.3% during the second quarter. Janus Henderson Group PLC now owns 887,453 shares of the company’s stock worth $27,626,000 after purchasing an additional 356,987 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in shares of Ingles Markets by 6.6% during the second quarter. Municipal Employees Retirement System of Michigan now owns 64,110 shares of the company’s stock worth $1,996,000 after purchasing an additional 3,990 shares during the last quarter. Aperio Group LLC boosted its holdings in shares of Ingles Markets by 53.9% during the second quarter. Aperio Group LLC now owns 41,570 shares of the company’s stock worth $1,294,000 after purchasing an additional 14,552 shares during the last quarter. Finally, Virginia Retirement Systems ET AL acquired a new stake in shares of Ingles Markets during the second quarter worth $327,000. Institutional investors own 64.82% of the company’s stock.
In other Ingles Markets news, Director Sharp Laura Ingle sold 5,000 shares of the stock in a transaction on Friday, June 28th. The shares were sold at an average price of $31.06, for a total value of $155,300.00. Following the sale, the director now directly owns 15,000 shares in the company, valued at $465,900. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 29.30% of the company’s stock.
Ingles Markets stock traded up $1.28 on Monday, reaching $36.57. 694 shares of the stock were exchanged, compared to its average volume of 68,424. The stock has a market cap of $689.01 million, a PE ratio of 7.59, a PEG ratio of 0.60 and a beta of 0.46. The company has a current ratio of 2.06, a quick ratio of 0.46 and a debt-to-equity ratio of 1.30. Ingles Markets, Incorporated has a twelve month low of $25.57 and a twelve month high of $37.65. The firm has a fifty day moving average price of $31.97 and a two-hundred day moving average price of $30.05.
Several equities research analysts have recently issued reports on IMKTA shares. Zacks Investment Research upgraded Ingles Markets from a “hold” rating to a “strong-buy” rating and set a $39.00 price objective on the stock in a report on Wednesday, August 14th. BidaskClub upgraded shares of Ingles Markets from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 10th. Finally, ValuEngine upgraded shares of Ingles Markets from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 9th.
Ingles Markets Company Profile
Ingles Markets, Incorporated operates a chain of supermarkets in the southeast United States. Its supermarkets offer various food products, including grocery, meat and dairy products, produce, frozen foods, and other perishables; and non-food products, such as fuel centers, pharmacies, health and beauty care products, and general merchandise, as well as private label items.
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