55,235 Shares in Ingles Markets, Incorporated (NASDAQ:IMKTA) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new stake in Ingles Markets, Incorporated (NASDAQ:IMKTA - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 55,235 shares of the company's stock, valued at approximately $3,559,000. Raymond James Financial Inc. owned approximately 0.29% of Ingles Markets as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of IMKTA. Avidian Wealth Enterprises LLC boosted its position in Ingles Markets by 2.1% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 7,443 shares of the company's stock valued at $480,000 after buying an additional 150 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of Ingles Markets by 4.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 4,369 shares of the company's stock worth $282,000 after acquiring an additional 187 shares in the last quarter. Ballentine Partners LLC boosted its holdings in Ingles Markets by 7.5% in the fourth quarter. Ballentine Partners LLC now owns 4,523 shares of the company's stock valued at $291,000 after purchasing an additional 314 shares during the last quarter. Franklin Resources Inc. grew its stake in Ingles Markets by 5.8% during the 3rd quarter. Franklin Resources Inc. now owns 6,933 shares of the company's stock valued at $517,000 after purchasing an additional 378 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Ingles Markets by 3.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,830 shares of the company's stock worth $1,852,000 after purchasing an additional 712 shares during the last quarter. 62.54% of the stock is currently owned by hedge funds and other institutional investors.

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Ingles Markets Stock Up 2.1 %

NASDAQ IMKTA traded up $1.34 during trading hours on Monday, reaching $65.13. 129,100 shares of the company traded hands, compared to its average volume of 112,721. The stock has a market capitalization of $1.24 billion, a PE ratio of 15.73 and a beta of 0.71. The company has a current ratio of 3.24, a quick ratio of 1.45 and a debt-to-equity ratio of 0.33. Ingles Markets, Incorporated has a 12 month low of $58.92 and a 12 month high of $82.01. The company has a 50 day moving average of $63.89 and a two-hundred day moving average of $66.28.

Ingles Markets (NASDAQ:IMKTA - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $0.87 EPS for the quarter. Ingles Markets had a net margin of 1.45% and a return on equity of 5.09%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Ingles Markets from a "buy" rating to a "hold" rating in a research note on Monday, February 10th.

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.