Gratus Capital LLC lifted its stake in shares of Ingles Markets, Incorporated (NASDAQ:IMKTA) by 32.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,954 shares of the company’s stock after purchasing an additional 3,890 shares during the quarter. Gratus Capital LLC owned about 0.08% of Ingles Markets, worth $410,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of IMKTA. Algert Global LLC grew its stake in Ingles Markets, by 1.1% in the 2nd quarter. Algert Global LLC now owns 18,509 shares of the company’s stock valued at $616,000 after acquiring an additional 202 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Ingles Markets, by 13.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,002 shares of the company’s stock valued at $129,000 after acquiring an additional 346 shares during the last quarter. FCA Corp TX grew its stake in Ingles Markets, by 0.5% in the 2nd quarter. FCA Corp TX now owns 86,587 shares of the company’s stock valued at $2,883,000 after acquiring an additional 409 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Ingles Markets, by 4.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,648 shares of the company’s stock valued at $388,000 after acquiring an additional 450 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in Ingles Markets, by 2.6% in the 2nd quarter. Rhumbline Advisers now owns 17,867 shares of the company’s stock valued at $595,000 after acquiring an additional 450 shares during the last quarter. 56.23% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Ingles Markets, Incorporated (IMKTA) traded up $0.75 during mid-day trading on Thursday, hitting $25.50. 65,600 shares of the stock traded hands, compared to its average volume of 74,112. The stock has a market cap of $501.41, a price-to-earnings ratio of 10.31, a P/E/G ratio of 3.16 and a beta of 0.67. Ingles Markets, Incorporated has a 1-year low of $20.75 and a 1-year high of $52.40. The company has a debt-to-equity ratio of 1.68, a quick ratio of 0.31 and a current ratio of 1.63.

In other news, Director Sharp Laura Ingle sold 5,000 shares of the stock in a transaction dated 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 30.30% of the company’s stock.

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Ingles Markets, Profile

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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