River Road Asset Management Amends Ingles Markets (IMKTA) Stake
Ticker: IMKTA · Form: SC 13G/A · Filed: Jan 30, 2024 · CIK: 50493
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, equity, SC-13G/A
Related Tickers: IMKTA
TL;DR
**River Road Asset Management updated its stake in Ingles Markets, showing its latest position as of year-end 2023.**
AI Summary
River Road Asset Management, LLC, an investment firm based in Louisville, KY, filed an amendment (SC 13G/A) on January 30, 2024, to their previous holdings in Ingles Markets, Incorporated (NASDAQ: IMKTA). As of December 31, 2023, River Road Asset Management reported beneficial ownership of 457030104 shares of Ingles Markets Class A Common Stock. This filing indicates a change in their ownership stake, which is important for investors as it shows a significant institutional investor's updated position in the company.
Why It Matters
This filing updates the public on a major institutional investor's position in Ingles Markets, which can influence market perception and potentially stock price. Investors can use this information to gauge institutional confidence in the company.
Risk Assessment
Risk Level: low — This is a routine amendment filing by an institutional investor, indicating a change in their reported ownership, not a new or high-risk event.
Analyst Insight
Investors should note the updated institutional ownership by River Road Asset Management as of December 31, 2023, and consider it as one data point among many when evaluating Ingles Markets. This filing itself doesn't suggest immediate action but provides transparency into a significant holder's position.
Key Numbers
- 457030104 — CUSIP Number (Identifies the specific Class A Common Stock of Ingles Markets.)
- December 31, 2023 — Event Date (The date as of which the ownership information is reported.)
Key Players & Entities
- River Road Asset Management, LLC (company) — the reporting person and institutional investor
- Ingles Markets, Incorporated (company) — the issuer of the securities
- 457030104 (dollar_amount) — CUSIP Number for the Class A Common Stock
- December 31, 2023 (date) — date of the event requiring the filing
- January 30, 2024 (date) — date the SC 13G/A filing was made
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing under the Securities Exchange Act of 1934, specifically Amendment No. 7.
Who is the reporting person in this filing?
The reporting person is River Road Asset Management, LLC, with IRS Identification No. 43-2076925.
What company's securities are being reported on?
The securities being reported on are those of Ingles Markets, Incorporated, specifically their Common Stock, Class A.
What is the CUSIP number for the securities mentioned?
The CUSIP number for the Class A Common Stock of Ingles Markets, Incorporated is 457030104.
What is the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' is December 31, 2023.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 30, 2024 regarding INGLES MARKETS INC (IMKTA).