Sentiment for Ingles Markets Inc (NASDAQ:IMKTA)
Ingles Markets Inc (NASDAQ:IMKTA) institutional sentiment increased to 0.94 in Q3 2015. Its up 0.03, from 0.91 in 2015Q2. The ratio has improved, as 61 active investment managers increased and started new stock positions, while 67 decreased and sold holdings in Ingles Markets Inc. The active investment managers in our partner’s database reported: 12.49 million shares, up from 12.13 million shares in 2015Q2. Also, the number of active investment managers holding Ingles Markets Inc in their top 10 stock positions was flat from 2 to 2 for the same number . Sold All: 22 Reduced: 45 Increased: 50 New Position: 11.
Ingles Markets, Incorporated is a supermarket chain. The company has a market cap of $709.63 million. The Firm operates approximately 70 supermarkets in Georgia, approximately 70 in North Carolina, approximately 40 in South Carolina, over 20 in Tennessee, approximately two in Virginia and approximately one in Alabama. It has 12.78 P/E ratio. The Firm operates through retail grocery sales segment.
The stock increased 0.37% or $0.13 on April 5, hitting $36.14. About 189,314 shares traded hands or 14.98% up from the average. Ingles Markets, Incorporated (NASDAQ:IMKTA) has declined 28.90% since August 27, 2015 and is downtrending. It has underperformed by 32.85% the S&P500.
Analysts await Ingles Markets, Incorporated (NASDAQ:IMKTA) to reports earnings on May, 9.
According to Zacks Investment Research, “Ingles Markets, Incorporated is a leading supermarket chain with operations in the southeastern United States. Ingles’ strategy is to locate its supermarkets primarily in suburban areas, small towns and rural communities, where management believes the market may be underserved by existing supermarkets.”
Fca Corp Tx holds 2.58% of its portfolio in Ingles Markets, Incorporated for 92,780 shares. Piermont Capital Management Inc. owns 67,390 shares or 1.05% of their US portfolio. Moreover, Baker Ellis Asset Management Llc has 0.96% invested in the company for 56,154 shares. The New York-based Teton Advisors Inc. has invested 0.63% in the stock. Capital City Trust Co Fl, a Florida-based fund reported 23,985 shares.#img1#
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