Village Super Market, Inc. (NASDAQ:VLGEA) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Friday.

Shares of Village Super Market (VLGEA) opened at 23.33 on Friday. The stock has a market capitalization of $336.35 million, a price-to-earnings ratio of 13.54 and a beta of 0.30. The firm’s 50 day moving average is $24.17 and its 200 day moving average is $26.10. Village Super Market has a 52-week low of $22.43 and a 52-week high of $36.42.

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In related news, VP John Sumas sold 5,000 shares of Village Super Market stock in a transaction on Friday, July 7th. The stock was sold at an average price of $24.32, for a total value of $121,600.00. Following the transaction, the vice president now directly owns 123,205 shares in the company, valued at approximately $2,996,345.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP William Sumas sold 5,790 shares of Village Super Market stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $26.01, for a total value of $150,597.90. Following the completion of the transaction, the executive vice president now owns 310,362 shares in the company, valued at $8,072,515.62. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,490 shares of company stock worth $569,438. 40.12% of the stock is owned by insiders.

Several institutional investors have recently modified their holdings of the company. Acrospire Investment Management LLC boosted its position in shares of Village Super Market by 48.6% in the second quarter. Acrospire Investment Management LLC now owns 4,047 shares of the company’s stock worth $105,000 after buying an additional 1,324 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Village Super Market by 23.6% in the second quarter. The Manufacturers Life Insurance Company now owns 7,332 shares of the company’s stock worth $191,000 after buying an additional 1,398 shares during the last quarter. Citigroup Inc. boosted its position in shares of Village Super Market by 696.8% in the second quarter. Citigroup Inc. now owns 7,578 shares of the company’s stock worth $196,000 after buying an additional 6,627 shares during the last quarter. Trexquant Investment LP bought a new position in shares of Village Super Market during the second quarter worth about $216,000. Finally, New Jersey Better Educational Savings Trust bought a new position in shares of Village Super Market during the second quarter worth about $259,000. Institutional investors and hedge funds own 44.87% of the company’s stock.

Village Super Market Company Profile

Village Super Market, Inc (Village) is engaged in retail sale of food and nonfood products. As of July 30, 2016, the Company operated a chain of 29 ShopRite supermarkets, 18 of which are located in northern New Jersey, eight in southern New Jersey, two in Maryland and one in northeastern Pennsylvania.

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