Weis Markets, Inc. $WMK Holdings Decreased by KLP Kapitalforvaltning AS

Key Points

• KLP Kapitalforvaltning AS reduced its stake in Weis Markets by 68.9%, selling 7,300 shares and now holding 3,300 shares valued at approximately $239,000.
• Several institutional investors adjusted their positions, with Hennessy Advisors Inc. acquiring a new stake valued at around $8.7 million in the second quarter.
• Weis Markets has a current consensus rating of "Hold" and reported a quarterly EPS of $1.01, with revenues of $1.21 billion.

KLP Kapitalforvaltning AS trimmed its position in Weis Markets, Inc. (NYSE:WMK - Free Report) by 68.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,300 shares of the company's stock after selling 7,300 shares during the quarter. KLP Kapitalforvaltning AS's holdings in Weis Markets were worth $239,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Hennessy Advisors Inc. bought a new stake in shares of Weis Markets in the 2nd quarter valued at approximately $8,748,000. SummerHaven Investment Management LLC increased its holdings in shares of Weis Markets by 1.3% in the 2nd quarter. SummerHaven Investment Management LLC now owns 12,560 shares of the company's stock valued at $910,000 after acquiring an additional 167 shares during the last quarter. Contravisory Investment Management Inc. bought a new stake in shares of Weis Markets in the 2nd quarter valued at approximately $222,000. Empowered Funds LLC increased its holdings in shares of Weis Markets by 32.5% in the 1st quarter. Empowered Funds LLC now owns 91,865 shares of the company's stock valued at $7,078,000 after acquiring an additional 22,556 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Weis Markets by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,775 shares of the company's stock valued at $753,000 after acquiring an additional 405 shares during the last quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a "hold (c+)" rating on shares of Weis Markets in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Weis Markets has a consensus rating of "Hold".

Weis Markets Price Performance

Shares of WMK opened at $69.51 on Tuesday. The company has a market cap of $1.72 billion, a P/E ratio of 17.29 and a beta of 0.48. The stock has a fifty day moving average price of $71.15 and a 200 day moving average price of $74.99. Weis Markets, Inc. has a 12 month low of $62.25 and a 12 month high of $90.23.

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

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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