Captrust Financial Advisors bought a new position in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,000 shares of the company’s stock, valued at approximately $100,000.

Several other institutional investors also recently made changes to their positions in the company. Renaissance Technologies LLC grew its holdings in shares of Ingles Markets, by 182.7% during the first quarter. Renaissance Technologies LLC now owns 34,774 shares of the company’s stock valued at $1,500,000 after buying an additional 22,474 shares in the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Ingles Markets, by 9.5% during the first quarter. Schwab Charles Investment Management Inc. now owns 140,945 shares of the company’s stock valued at $6,082,000 after buying an additional 12,221 shares in the last quarter. Oxford Asset Management purchased a new position in shares of Ingles Markets, during the first quarter valued at $448,000. Russell Investments Group Ltd. grew its holdings in shares of Ingles Markets, by 758.4% during the first quarter. Russell Investments Group Ltd. now owns 11,614 shares of the company’s stock valued at $501,000 after buying an additional 10,261 shares in the last quarter. Finally, Federated Investors Inc. PA grew its holdings in shares of Ingles Markets, by 53.2% during the second quarter. Federated Investors Inc. PA now owns 27,730 shares of the company’s stock valued at $923,000 after buying an additional 9,634 shares in the last quarter. 58.94% of the stock is currently owned by institutional investors.

Ingles Markets, Incorporated (NASDAQ IMKTA) opened at 24.50 on Friday. The stock’s 50 day moving average price is $25.24 and its 200-day moving average price is $35.68. The stock has a market cap of $496.35 million, a P/E ratio of 10.21 and a beta of 0.66. Ingles Markets, Incorporated has a one year low of $20.75 and a one year high of $52.40.

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

A number of research analysts have recently weighed in on the company. TheStreet downgraded Ingles Markets, from a “b” rating to a “c+” rating in a report on Thursday, June 15th. Zacks Investment Research upgraded Ingles Markets, from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th.

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Ingles Markets, 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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