Trexquant Investment LP Acquires New Stake in Weis Markets

In a strategic move during the third quarter, Trexquant Investment LP made a significant acquisition by purchasing 14,702 shares in Weis Markets, Inc. (NYSE:WMK), with an estimated value of nearly $926,000. This new investment by Trexquant underlines their confidence in the regional supermarket chain.

Other Major Investors Adjust Holdings

Alongside Trexquant Investment LP, there have been numerous adjustments in Weis Markets' shares by several institutional investors and hedge funds. Notably, Ensign Peak Advisors Inc. initiated a new investment in the third quarter valued around $29,000. Quadrant Capital Group LLC, on the other hand, increased its position by a remarkable 86.6% in the second quarter. Their investment is now reflected in owning 528 shares with a total value of about $34,000.

Meanwhile, Tower Research Capital LLC TRC nearly tripled its stake by 189.6% in the first quarter, bringing its total share count to 614, valued at $52,000. Point72 Hong Kong Ltd also joined the ranks by gaining a new position in the first quarter at a value of $44,000. Furthermore, Captrust Financial Advisors upped their investment significantly by 78% during the first quarter, now holding 696 shares worth approximately $50,000.

Wall Street Analysts Chime in on WMK

Wall Street analysts have taken a keen interest in Weis Markets' potential, with mixed reviews and updates on the company's stocks. While TheStreet recently downgraded Weis Markets from a 'b-' to a 'c' rating, StockNews.com provided a contrasting perspective by upgrading the company from 'hold' to 'buy' status.

Weis Markets Stocks Show Slight Uptick

WMK stocks appeared to be steady with an opening price at $65.17 on the most recent trading day, reflecting a minor increase of 0.2%. The company maintains a 50-day moving average of $62.06 and a 200-day moving average of $63.17, along with a 52-week range of $58.75 to $86.67, suggesting moderate fluctuations. With a market cap standing at $1.75 billion and a beta of 0.47, the company exhibits stability in its sector, complimented by a relatively modest P/E ratio of 16.93.

Dividend Announcement

Amidst these financial developments, Weis Markets has also declared a quarterly dividend. The payment of $0.34 per share was disbursed on March 4th to shareholders recorded by February 19th. The ex-dividend date was marked as February 15th. The annualized dividend came to $1.36, yielding 2.09%, and the dividend payout ratio (DPR) was documented at 35.32%.

Understanding Weis Markets

Weis Markets, Inc. operates as a well-known chain of supermarkets, primarily located in Pennsylvania and nearby regions. Their stores provide a broad array of items including groceries, dairy, meats, seafood, produce, floral arrangements, pharmacy services, deli and bakery products, as well as beer, wine, and fuel. Additionally, they offer general merchandise such as health and beauty products and various household goods.

Investment, Shares, Supermarkets