Citadel Advisors LLC Invests $256,000 in Weis Markets, Inc. (WMK)
Citadel Advisors LLC purchased a new stake in shares of Weis Markets, Inc. (NYSE:WMK) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,246 shares of the company’s stock, valued at approximately $256,000.
Several other institutional investors have also added to or reduced their stakes in WMK. Russell Investments Group Ltd. raised its holdings in Weis Markets by 8.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 2,980 shares of the company’s stock worth $145,000 after acquiring an additional 240 shares during the period. Airain ltd bought a new position in Weis Markets in the 2nd quarter worth $248,000. IndexIQ Advisors LLC bought a new position in Weis Markets in the 2nd quarter worth $386,000. Nationwide Fund Advisors raised its holdings in Weis Markets by 5.1% in the 2nd quarter. Nationwide Fund Advisors now owns 8,821 shares of the company’s stock worth $430,000 after acquiring an additional 429 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Weis Markets by 11.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 9,010 shares of the company’s stock worth $440,000 after acquiring an additional 956 shares during the period. Institutional investors and hedge funds own 32.01% of the company’s stock.
In other news, COO Kurt A. Schertle purchased 1,000 shares of the company’s stock in a transaction on Friday, August 11th. The shares were purchased at an average cost of $45.47 per share, with a total value of $45,470.00. Following the completion of the transaction, the chief operating officer now owns 1,000 shares of the company’s stock, valued at approximately $45,470. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Scott F. Frost purchased 600 shares of the company’s stock in a transaction on Monday, September 18th. The shares were purchased at an average cost of $42.85 per share, for a total transaction of $25,710.00. Following the completion of the transaction, the chief financial officer now directly owns 1,961 shares of the company’s stock, valued at approximately $84,028.85. The disclosure for this purchase can be found here. Insiders have acquired 2,625 shares of company stock worth $116,570 over the last ninety days. Insiders own 26.90% of the company’s stock.
Weis Markets (NYSE:WMK) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.69 earnings per share (EPS) for the quarter. Weis Markets had a net margin of 2.42% and a return on equity of 8.89%. The firm had revenue of $876.57 million for the quarter.
Separately, BidaskClub downgraded shares of Weis Markets from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th.
About Weis Markets
Weis Markets, Inc is engaged principally in the retail sale of food in Pennsylvania and surrounding states. The Company’s retail food stores sell groceries, dairy products, frozen foods, meats, seafood, fresh produce, floral, pharmacy services, deli products, prepared foods, bakery products, beer and wine, fuel and general merchandise items, such as health and beauty care and household products.
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