Ingles Markets, Incorporated (NASDAQ:IMKTA) Position Cut by Aperio Group LLC

Aperio Group LLC decreased its position in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 4.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,551 shares of the company’s stock after selling 273 shares during the period. Aperio Group LLC’s holdings in Ingles Markets, were worth $218,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its stake in shares of Ingles Markets, by 13.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,002 shares of the company’s stock valued at $129,000 after buying an additional 346 shares during the period. Victory Capital Management Inc. grew its stake in shares of Ingles Markets, by 54.9% in the 1st quarter. Victory Capital Management Inc. now owns 3,233 shares of the company’s stock valued at $140,000 after buying an additional 1,146 shares during the period. Menta Capital LLC purchased a new stake in shares of Ingles Markets, in the 1st quarter valued at approximately $250,000. Karp Capital Management Corp purchased a new stake in shares of Ingles Markets, in the 1st quarter valued at approximately $294,000. Finally, Jolley Asset Management LLC purchased a new stake in shares of Ingles Markets, in the 2nd quarter valued at approximately $233,000. 58.94% of the stock is owned by institutional investors and hedge funds.

Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Ingles Markets, from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. TheStreet cut shares of Ingles Markets, from a “b” rating to a “c+” rating in a research note on Thursday, June 15th.

Ingles Markets, Incorporated (IMKTA) opened at 24.95 on Wednesday. The company’s 50 day moving average is $24.98 and its 200-day moving average is $35.21. The stock has a market cap of $505.46 million, a PE ratio of 10.40 and a beta of 0.66. Ingles Markets, Incorporated has a 52-week low of $20.75 and a 52-week high of $52.40.

Ingles Markets, (NASDAQ:IMKTA) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $0.57 earnings per share for the quarter. Ingles Markets, had a net margin of 1.26% and a return on equity of 10.08%. The business had revenue of $984.40 million during the quarter. On average, equities analysts anticipate that Ingles Markets, Incorporated will post $2.75 earnings per share for the current year.

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Ingles Markets, Company Profile

Ingles Markets, Incorporated (Ingles) is a supermarket chain in the southeast United States. The Company’s segments include retail grocery and other. Its other segment consists of fluid dairy operations and shopping center rentals. As of September 24, 2016, the Company operated 201 supermarkets in Georgia, North Carolina, South Carolina, Tennessee, Virginia and Alabama.

Institutional Ownership by Quarter for Ingles Markets, (NASDAQ:IMKTA)

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