Public Employees Retirement System of Ohio reduced its holdings in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) by 61.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,199 shares of the company’s stock after selling 5,020 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Ingles Markets, were worth $107,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership boosted its stake in shares of Ingles Markets, by 148.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 91,486 shares of the company’s stock valued at $3,046,000 after purchasing an additional 54,600 shares during the period. Vanguard Group Inc. boosted its stake in shares of Ingles Markets, by 3.3% in the second quarter. Vanguard Group Inc. now owns 1,032,352 shares of the company’s stock valued at $34,378,000 after purchasing an additional 33,192 shares during the period. Piermont Capital Management Inc. boosted its stake in shares of Ingles Markets, by 82.8% in the second quarter. Piermont Capital Management Inc. now owns 50,851 shares of the company’s stock valued at $1,693,000 after purchasing an additional 23,035 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Ingles Markets, by 182.7% in the first quarter. Renaissance Technologies LLC now owns 34,774 shares of the company’s stock valued at $1,500,000 after purchasing an additional 22,474 shares during the period. Finally, Citadel Advisors LLC purchased a new position in shares of Ingles Markets, in the second quarter valued at $611,000. Institutional investors own 56.23% of the company’s stock.

Separately, Zacks Investment Research downgraded shares of Ingles Markets, from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th.

In other Ingles Markets, news, Director Sharp Laura Ingle sold 5,000 shares of the stock in a transaction on Tuesday, September 26th. The shares were sold at an average price of $24.97, for a total transaction of $124,850.00. Following the transaction, the director now directly owns 2,500 shares in the company, valued at approximately $62,425. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 30.30% of the stock is currently owned by corporate insiders.

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Ingles Markets, Incorporated (NASDAQ IMKTA) opened at $24.55 on Monday. The firm has a market cap of $497.36, a price-to-earnings ratio of 10.23, a PEG ratio of 3.13 and a beta of 0.67. The company has a quick ratio of 0.31, a current ratio of 1.63 and a debt-to-equity ratio of 1.68. Ingles Markets, Incorporated has a 52 week low of $20.75 and a 52 week high of $52.40.

About Ingles Markets,

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.

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Institutional Ownership by Quarter for Ingles Markets, (NASDAQ:IMKTA)

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