Denali Advisors LLC Sells 12,007 Shares of Weis Markets, Inc. $WMK

Key Points

• Denali Advisors LLC has reduced its stake in Weis Markets, Inc. by 31.4%, selling 12,007 shares and retaining 26,212 shares worth approximately $1.9 million.
• Recent institutional activity includes Vanguard Group increasing their holdings by 1.1% and American Century Companies increasing theirs by 10.6% during the first quarter.
• Weis Markets reported $1.01 earnings per share and had a revenue of $1.21 billion in its latest quarterly earnings, with a market capitalization of $1.69 billion.

Denali Advisors LLC reduced its holdings in shares of Weis Markets, Inc. (NYSE:WMK - Free Report) by 31.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 26,212 shares of the company's stock after selling 12,007 shares during the period. Denali Advisors LLC owned about 0.10% of Weis Markets worth $1,900,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of WMK. Vanguard Group Inc. increased its holdings in Weis Markets by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 1,863,084 shares of the company's stock worth $143,551,000 after purchasing an additional 20,202 shares during the period. American Century Companies Inc. increased its holdings in Weis Markets by 10.6% during the 1st quarter. American Century Companies Inc. now owns 536,851 shares of the company's stock worth $41,364,000 after purchasing an additional 51,564 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Weis Markets by 1.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 424,476 shares of the company's stock worth $32,706,000 after purchasing an additional 4,200 shares during the period. Allianz Asset Management GmbH increased its holdings in Weis Markets by 9.5% during the 2nd quarter. Allianz Asset Management GmbH now owns 167,413 shares of the company's stock worth $12,136,000 after purchasing an additional 14,576 shares during the period. Finally, Hennessy Advisors Inc. purchased a new position in Weis Markets during the 2nd quarter worth $8,748,000.

Weis Markets Price Performance

Weis Markets stock opened at $68.12 on Wednesday. The stock has a market capitalization of $1.69 billion, a price-to-earnings ratio of 16.94 and a beta of 0.48. Weis Markets, Inc. has a 1-year low of $62.25 and a 1-year high of $90.23. The business has a fifty day moving average price of $71.06 and a 200-day moving average price of $74.94.

Weis Markets (NYSE:WMK - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $1.01 earnings per share for the quarter. The firm had revenue of $1.21 billion during the quarter. Weis Markets had a return on equity of 7.60% and a net margin of 2.23%.

Analyst Ratings Changes

Separately, Weiss Ratings restated a "hold (c+)" rating on shares of Weis Markets in a report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of "Hold".

Weis Markets Company Profile

Weis Markets, Inc engages in the retail sale of food through a chain of supermarkets 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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