Schwab Charles Investment Management Inc. grew its holdings in Weis Markets, Inc. (NYSE:WMK) by 22.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 91,886 shares of the company’s stock after purchasing an additional 16,659 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Weis Markets were worth $3,998,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Citadel Advisors LLC purchased a new position in shares of Weis Markets in the second quarter valued at approximately $256,000. Prudential PLC boosted its stake in shares of Weis Markets by 28.6% in the second quarter. Prudential PLC now owns 115,855 shares of the company’s stock valued at $5,644,000 after purchasing an additional 25,753 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Weis Markets by 3.7% in the second quarter. Bank of New York Mellon Corp now owns 469,552 shares of the company’s stock valued at $22,876,000 after purchasing an additional 16,756 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Weis Markets by 32.0% in the third quarter. Victory Capital Management Inc. now owns 12,863 shares of the company’s stock valued at $560,000 after purchasing an additional 3,121 shares during the period. Finally, Martin & Co. Inc. TN boosted its stake in shares of Weis Markets by 62.5% in the second quarter. Martin & Co. Inc. TN now owns 40,830 shares of the company’s stock valued at $1,989,000 after purchasing an additional 15,710 shares during the period. 31.89% of the stock is owned by institutional investors and hedge funds.
In other news, Director Edward John Lauth III purchased 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The stock was bought at an average price of $34.77 per share, for a total transaction of $69,540.00. Following the completion of the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at $173,850. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jonathan H. Weis purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was purchased at an average price of $34.79 per share, with a total value of $347,900.00. Following the purchase, the insider now directly owns 1,228,766 shares of the company’s stock, valued at $42,748,769.14. The disclosure for this purchase can be found here. Insiders purchased 12,600 shares of company stock valued at $438,104 in the last quarter. 26.90% of the stock is owned by insiders.
Weis Markets, Inc. (NYSE WMK) opened at $39.91 on Friday. Weis Markets, Inc. has a 12 month low of $31.26 and a 12 month high of $67.73. The company has a quick ratio of 0.80, a current ratio of 1.91 and a debt-to-equity ratio of 0.06. The stock has a market cap of $1,050.00, a P/E ratio of 14.15 and a beta of 0.69.
Weis Markets (NYSE:WMK) last issued its quarterly earnings results on Friday, November 3rd. The company reported $0.16 earnings per share (EPS) for the quarter. Weis Markets had a net margin of 2.16% and a return on equity of 8.13%. The company had revenue of $854.26 million during the quarter.
Separately, TheStreet lowered shares of Weis Markets from a “b-” rating to a “c” rating in a research note on Friday, December 8th.
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Weis Markets Company Profile
Weis Markets, Inc is engaged principally 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, fuel and general merchandise items, such as health and beauty care and household products.
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