Ingles Markets Inc (NASDAQ:IMKTA) Stock Sentiment Improves

April 17, 2018 - By Nellie Frank

Ingles Markets, Incorporated (NASDAQ:IMKTA) Logo

Sentiment for Ingles Markets Inc (NASDAQ:IMKTA)

Ingles Markets Inc (NASDAQ:IMKTA) institutional sentiment decreased to 1.54 in Q4 2017. Its down -0.04, from 1.58 in 2017Q3. The ratio dropped, as 63 active investment managers increased or opened new holdings, while 41 reduced and sold their holdings in Ingles Markets Inc. The active investment managers in our partner’s database reported: 12.09 million shares, up from 12.05 million shares in 2017Q3. Also, the number of active investment managers holding Ingles Markets Inc in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 10 Reduced: 31 Increased: 36 New Position: 27.

Ingles Markets, Incorporated operates a chain of supermarkets in the southeast United States. The company has market cap of $714.16 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 8.38 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 0.71% or $0.25 during the last trading session, reaching $35.25. About 30,364 shares traded. Ingles Markets, Incorporated (NASDAQ:IMKTA) has declined 23.94% since April 17, 2017 and is downtrending. It has underperformed by 35.49% the S&P500.

Harber Asset Management Llc holds 1.68% of its portfolio in Ingles Markets, Incorporated for 138,426 shares. Fca Corp Tx owns 87,989 shares or 1.21% of their US portfolio. Moreover, River Road Asset Management Llc has 0.59% invested in the company for 900,113 shares. The New York-based Teton Advisors Inc. has invested 0.56% in the stock. Baker Ellis Asset Management Llc, a Oregon-based fund reported 39,391 shares.#img1#

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

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