Swiss National Bank raised its position in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,400 shares of the company’s stock after buying an additional 700 shares during the period. Swiss National Bank owned 0.12% of Ingles Markets worth $1,159,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in IMKTA. First Trust Advisors LP raised its holdings in shares of Ingles Markets by 2.4% in the first quarter. First Trust Advisors LP now owns 26,086 shares of the company’s stock valued at $720,000 after buying an additional 608 shares during the last quarter. Rhumbline Advisers grew its holdings in Ingles Markets by 8.7% during the 3rd quarter. Rhumbline Advisers now owns 23,658 shares of the company’s stock worth $919,000 after acquiring an additional 1,898 shares during the last quarter. California Public Employees Retirement System increased its position in Ingles Markets by 16.6% in the 3rd quarter. California Public Employees Retirement System now owns 16,836 shares of the company’s stock valued at $654,000 after acquiring an additional 2,400 shares in the last quarter. Russell Investments Group Ltd. increased its position in Ingles Markets by 314.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 5,691 shares of the company’s stock valued at $221,000 after acquiring an additional 4,317 shares in the last quarter. Finally, Mackay Shields LLC bought a new position in shares of Ingles Markets in the third quarter worth about $432,000. Hedge funds and other institutional investors own 66.10% of the company’s stock.
In other news, Director Sharp Laura Ingle sold 2,500 shares of the business’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $47.44, for a total value of $118,600.00. Following the sale, the director now directly owns 32,500 shares in the company, valued at $1,541,800. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 29.50% of the company’s stock.
Shares of Ingles Markets stock traded down $0.11 during trading on Monday, hitting $38.80. 86,135 shares of the company were exchanged, compared to its average volume of 102,405. The company has a debt-to-equity ratio of 1.22, a current ratio of 2.05 and a quick ratio of 0.47. The firm has a market capitalization of $786.45 million, a P/E ratio of 10.18, a price-to-earnings-growth ratio of 0.89 and a beta of 0.68. The firm’s fifty day moving average price is $39.07 and its 200 day moving average price is $41.23. Ingles Markets, Incorporated has a 1-year low of $25.57 and a 1-year high of $49.14.
Ingles Markets (NASDAQ:IMKTA) last issued its quarterly earnings data on Tuesday, December 10th. The company reported $1.04 EPS for the quarter. The business had revenue of $1.08 billion for the quarter. Ingles Markets had a return on equity of 11.80% and a net margin of 1.83%. As a group, equities research analysts anticipate that Ingles Markets, Incorporated will post 4.3 earnings per share for the current year.
Several analysts have recently commented on the stock. BidaskClub raised shares of Ingles Markets from a “sell” rating to a “hold” rating in a research note on Tuesday, March 3rd. Zacks Investment Research cut shares of Ingles Markets from a “buy” rating to a “hold” rating in a research report on Wednesday, February 12th.
Ingles Markets 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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