Nuveen Asset Management LLC Makes New Investment in Weis Markets, Inc. (NYSE:WMK)
Nuveen Asset Management LLC purchased a new position in shares of Weis Markets, Inc. (NYSE:WMK) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 67,472 shares of the company’s stock, valued at approximately $2,456,000.
Several other large investors also recently bought and sold shares of the business. UBS Asset Management Americas Inc. acquired a new position in shares of Weis Markets during the 2nd quarter worth approximately $294,000. Citadel Advisors LLC increased its holdings in shares of Weis Markets by 65.7% during the 2nd quarter. Citadel Advisors LLC now owns 90,921 shares of the company’s stock worth $3,311,000 after acquiring an additional 36,036 shares during the last quarter. D. E. Shaw & Co. Inc. acquired a new position in shares of Weis Markets during the 2nd quarter worth approximately $255,000. Marshall Wace LLP increased its holdings in shares of Weis Markets by 341.1% during the 2nd quarter. Marshall Wace LLP now owns 73,224 shares of the company’s stock worth $2,666,000 after acquiring an additional 56,622 shares during the last quarter. Finally, Morgan Stanley increased its holdings in shares of Weis Markets by 137.5% during the 2nd quarter. Morgan Stanley now owns 16,460 shares of the company’s stock worth $599,000 after acquiring an additional 9,529 shares during the last quarter. 38.86% of the stock is currently owned by hedge funds and other institutional investors.
Shares of WMK stock traded up $0.44 during trading on Wednesday, reaching $36.90. 629 shares of the company’s stock were exchanged, compared to its average volume of 66,240. The company has a quick ratio of 0.76, a current ratio of 1.78 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $980.77 million, a PE ratio of 15.73 and a beta of 0.08. Weis Markets, Inc. has a twelve month low of $35.26 and a twelve month high of $53.30. The firm’s fifty day moving average price is $38.07 and its 200-day moving average price is $38.37.
Weis Markets Company Profile
Weis Markets, Inc engages 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, and fuel; and general merchandise items, such as health and beauty care, and household products.
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