Ingles Markets, Incorporated (NASDAQ:IMKTA) Shares Purchased by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC boosted its position in Ingles Markets, Incorporated (NASDAQ:IMKTA) by 18.4% in the second quarter, HoldingsChannel.com reports. The firm owned 3,116 shares of the company’s stock after purchasing an additional 484 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Ingles Markets were worth $214,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in IMKTA. CWM LLC increased its holdings in shares of Ingles Markets by 240.9% in the second quarter. CWM LLC now owns 433 shares of the company’s stock valued at $30,000 after buying an additional 306 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Ingles Markets by 101.0% in the second quarter. Signaturefd LLC now owns 1,003 shares of the company’s stock valued at $69,000 after buying an additional 504 shares in the last quarter. Innealta Capital LLC bought a new position in shares of Ingles Markets in the second quarter valued at $74,000. nVerses Capital LLC bought a new position in shares of Ingles Markets in the second quarter valued at $75,000. Finally, Russell Investments Group Ltd. increased its holdings in shares of Ingles Markets by 3,487.5% in the first quarter. Russell Investments Group Ltd. now owns 2,583 shares of the company’s stock valued at $198,000 after buying an additional 2,511 shares in the last quarter. 62.54% of the stock is currently owned by institutional investors and hedge funds.

Ingles Markets Price Performance

NASDAQ IMKTA opened at $74.60 on Tuesday. The business’s fifty day moving average is $74.07 and its two-hundred day moving average is $73.11. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.49 and a current ratio of 2.99. Ingles Markets, Incorporated has a 1 year low of $67.10 and a 1 year high of $89.59. The stock has a market capitalization of $1.42 billion, a P/E ratio of 8.05 and a beta of 0.70.

Ingles Markets (NASDAQ:IMKTA) last announced its earnings results on Thursday, August 8th. The company reported $1.67 earnings per share (EPS) for the quarter. Ingles Markets had a net margin of 2.74% and a return on equity of 10.58%. The company had revenue of $1.39 billion for the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Ingles Markets from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 21st.

Ingles Markets Company Profile

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.