Ritholtz Wealth Management Sells 504 Shares of Ingles Markets, Incorporated (NASDAQ:IMKTA)

Ritholtz Wealth Management trimmed its stake in shares of Ingles Markets, Incorporated (NASDAQ:IMKTAFree Report) by 13.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,260 shares of the company’s stock after selling 504 shares during the quarter. Ritholtz Wealth Management’s holdings in Ingles Markets were worth $282,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Osaic Holdings Inc. increased its stake in Ingles Markets by 53.0% in the 2nd quarter. Osaic Holdings Inc. now owns 439 shares of the company’s stock worth $36,000 after acquiring an additional 152 shares during the last quarter. Ensign Peak Advisors Inc bought a new position in Ingles Markets in the 3rd quarter worth about $35,000. Penserra Capital Management LLC bought a new position in Ingles Markets in the 1st quarter worth about $45,000. Quantbot Technologies LP increased its stake in Ingles Markets by 717.0% in the 1st quarter. Quantbot Technologies LP now owns 817 shares of the company’s stock worth $72,000 after acquiring an additional 717 shares during the last quarter. Finally, Covestor Ltd increased its stake in Ingles Markets by 1,066.0% in the 1st quarter. Covestor Ltd now owns 1,096 shares of the company’s stock worth $98,000 after acquiring an additional 1,002 shares during the last quarter. 62.54% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on IMKTA shares. TheStreet lowered Ingles Markets from a “b” rating to a “c+” rating in a research note on Monday, February 26th. StockNews.com lowered Ingles Markets from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 9th.

Check Out Our Latest Research Report on IMKTA

Insider Transactions at Ingles Markets

In related news, Director Sharp Laura Ingle sold 2,000 shares of the stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $76.00, for a total transaction of $152,000.00. Following the completion of the sale, the director now directly owns 24,700 shares in the company, valued at approximately $1,877,200. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders sold 8,000 shares of company stock worth $607,000. 23.10% of the stock is currently owned by corporate insiders.

Ingles Markets Price Performance

IMKTA opened at $75.82 on Tuesday. The stock has a 50-day moving average price of $77.93 and a 200-day moving average price of $80.31. Ingles Markets, Incorporated has a 12-month low of $73.00 and a 12-month high of $94.68. The company has a current ratio of 3.22, a quick ratio of 1.45 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $1.44 billion, a P/E ratio of 7.80 and a beta of 0.60.

Ingles Markets (NASDAQ:IMKTAGet Free Report) last posted its quarterly earnings data on Thursday, February 8th. The company reported $2.28 earnings per share (EPS) for the quarter. Ingles Markets had a return on equity of 12.92% and a net margin of 3.14%. The firm had revenue of $1.48 billion during the quarter.

Ingles Markets Profile

(Free Report)

Ingles Markets, Incorporated, together with its subsidiaries, operates a chain of supermarkets in the southeast United States. It offers food products, including grocery, meat and dairy products, produce, frozen foods, and other perishables; and non-food products, which include fuel centers, pharmacies, health and beauty care products, and general merchandise, as well as private label items.

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

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