Weis Markets, Inc. $WMK Shares Acquired by Linden Thomas Advisory Services LLC

Key Points

• Linden Thomas Advisory Services LLC increased its stake in Weis Markets by 68.3%, now holding approximately 24,630 shares valued at about $1.78 million.
• Weis Markets has received a hold rating from analysts, with a consensus rating reflecting a cautious outlook.
• The stock has decreased by 1.9% recently, with a current trading price of $67.24, compared to a 12-month high of $90.23.

Linden Thomas Advisory Services LLC lifted its position in Weis Markets, Inc. (NYSE:WMK - Free Report) by 68.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,630 shares of the company's stock after acquiring an additional 9,997 shares during the quarter. Linden Thomas Advisory Services LLC owned approximately 0.09% of Weis Markets worth $1,785,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Weis Markets by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 1,863,084 shares of the company's stock valued at $143,551,000 after acquiring an additional 20,202 shares in the last quarter. American Century Companies Inc. lifted its position in Weis Markets by 10.6% in the 1st quarter. American Century Companies Inc. now owns 536,851 shares of the company's stock worth $41,364,000 after buying an additional 51,564 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Weis Markets by 1.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 424,476 shares of the company's stock worth $32,706,000 after buying an additional 4,200 shares in the last quarter. Allianz Asset Management GmbH lifted its position in Weis Markets by 9.5% in the 2nd quarter. Allianz Asset Management GmbH now owns 167,413 shares of the company's stock worth $12,136,000 after buying an additional 14,576 shares in the last quarter. Finally, Hennessy Advisors Inc. purchased a new stake in Weis Markets in the 2nd quarter worth approximately $8,748,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a "hold (c+)" rating on shares of Weis Markets in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

Weis Markets Stock Down 1.9%

Shares of WMK opened at $67.24 on Friday. The company's fifty day moving average is $70.91 and its 200-day moving average is $74.75. Weis Markets, Inc. has a 12 month low of $62.25 and a 12 month high of $90.23. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 16.73 and a beta of 0.48.

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

Weis Markets 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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