Weis Markets, Inc. $WMK Shares Sold by Denali Advisors LLC

Denali Advisors LLC lowered its position in shares of Weis Markets, Inc. (NYSE:WMK) by 31.4% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 26,212 shares of the company’s stock after selling 12,007 shares during the quarter. Denali Advisors LLC’s holdings in Weis Markets were worth $1,900,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in WMK. Hennessy Advisors Inc. acquired a new stake in Weis Markets during the 2nd quarter worth about $8,748,000. Brandywine Global Investment Management LLC acquired a new stake in Weis Markets during the 1st quarter worth about $7,255,000. American Century Companies Inc. lifted its holdings in shares of Weis Markets by 10.6% in the 1st quarter. American Century Companies Inc. now owns 536,851 shares of the company’s stock valued at $41,364,000 after buying an additional 51,564 shares during the period. Nuveen LLC acquired a new position in shares of Weis Markets in the 1st quarter valued at about $3,516,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Weis Markets in the 1st quarter valued at about $2,562,000.

Weis Markets Stock Down 1.6%

Shares of Weis Markets stock opened at $68.12 on Wednesday. Weis Markets, Inc. has a twelve month low of $62.25 and a twelve month high of $90.23. The business has a 50-day moving average price of $71.06 and a 200 day moving average price of $74.94. The firm has a market cap of $1.69 billion, a PE ratio of 16.94 and a beta of 0.48.

Weis Markets (NYSE:WMK) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $1.01 earnings per share 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.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c+)” rating on shares of Weis Markets in a 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 an average rating of “Hold”.

About Weis Markets

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.