Institutional Investors Positive on Ingles Markets Inc (NASDAQ:IMKTA)

Ingles Markets, Incorporated (NASDAQ:IMKTA) Logo

Sentiment for Ingles Markets Inc (NASDAQ:IMKTA)

Ingles Markets Inc (NASDAQ:IMKTA) institutional sentiment increased to 1.45 in 2018 Q2. Its up 0.30, from 1.15 in 2018Q1. The ratio has increased, as 58 hedge funds opened new or increased stock positions, while 40 decreased and sold stakes in Ingles Markets Inc. The hedge funds in our partner’s database now have: 12.83 million shares, up from 12.32 million shares in 2018Q1. Also, the number of hedge funds holding Ingles Markets Inc in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 12 Reduced: 28 Increased: 41 New Position: 17.

Ingles Markets, Incorporated operates a chain of supermarkets in the southeast United States. The company has market cap of $569.30 million. The Company’s supermarkets offer various food products, including grocery, meat and dairy products, produce, frozen foods and other perishables, and non-food products; and non-food products, such as fuel centers, pharmacies, health and beauty care products, and general merchandise, as well as private label items. It has a 5.79 P/E ratio. The firm modern stores provide home meal replacement items, delicatessens, bakeries, floral departments, and greeting cards, as well as various selections of organic, beverage, and health-related items.

The stock increased 1.92% or $0.53 during the last trading session, reaching $28.1. About 79,476 shares traded or 14.90% up from the average. Ingles Markets, Incorporated (NASDAQ:IMKTA) has risen 50.42% since December 7, 2017 and is uptrending. It has outperformed by 34.80% the S&P500.

Harber Asset Management Llc holds 2.86% of its portfolio in Ingles Markets, Incorporated for 286,375 shares. Fca Corp Tx owns 87,588 shares or 1.11% of their US portfolio. Moreover, River Road Asset Management Llc has 0.59% invested in the company for 884,552 shares. The New York-based Teton Advisors Inc. has invested 0.51% in the stock. Baker Ellis Asset Management Llc, a Oregon-based fund reported 37,091 shares.

Since January 1, 0001, it had 1 insider buy, and 0 insider sales for $8,402 activity.

More notable recent Ingles Markets, Incorporated (NASDAQ:IMKTA) news were published by: Businesswire.com which released: “GAMCO Comments on Ingles Markets’ 2018 Annual Meeting – Business Wire” on March 13, 2018, also Seekingalpha.com with their article: “For Those Expecting A Sprouts Deal (Myself Included), Not So Fast! – Seeking Alpha” published on July 10, 2017, Seekingalpha.com published: “Which U.S. Retailers Are Poised For Long-Term Health? – Seeking Alpha” on October 26, 2017. More interesting news about Ingles Markets, Incorporated (NASDAQ:IMKTA) were released by: Seekingalpha.com and their article: “Sprouts Farmers Market: Buy, Hold Or Sell After Amazon’s Deal With Whole Foods Market? – Seeking Alpha” published on June 21, 2017 as well as Seekingalpha.com‘s news article titled: “Ingles Markets FY2017: Boring For Shareholders, Good For Bondholders (Hurry Up To Catch 5.7% Yield) – Seeking Alpha” with publication date: December 11, 2017.

Ingles Markets, Incorporated (NASDAQ:IMKTA) Institutional Positions Chart

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