Mountain Pacific Investment Advisers LLC Reduces Stock Position in Winmark Corporation $WINA

Mountain Pacific Investment Advisers LLC cut its stake in shares of Winmark Corporation (NASDAQ:WINA) by 86.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 4,532 shares of the specialty retailer’s stock after selling 29,265 shares during the quarter. Mountain Pacific Investment Advisers LLC’s holdings in Winmark were worth $2,256,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of WINA. Fisher Asset Management LLC purchased a new position in shares of Winmark in the 2nd quarter worth $31,021,000. Geode Capital Management LLC lifted its holdings in Winmark by 1.1% in the second quarter. Geode Capital Management LLC now owns 75,665 shares of the specialty retailer’s stock valued at $28,575,000 after acquiring an additional 849 shares during the period. Alliancebernstein L.P. grew its stake in shares of Winmark by 2,358.0% during the 2nd quarter. Alliancebernstein L.P. now owns 73,739 shares of the specialty retailer’s stock valued at $27,845,000 after purchasing an additional 70,739 shares during the period. Copeland Capital Management LLC grew its stake in shares of Winmark by 16.3% during the 2nd quarter. Copeland Capital Management LLC now owns 73,501 shares of the specialty retailer’s stock valued at $27,755,000 after purchasing an additional 10,292 shares during the period. Finally, Bessemer Group Inc. increased its position in shares of Winmark by 4.9% during the 2nd quarter. Bessemer Group Inc. now owns 57,819 shares of the specialty retailer’s stock valued at $21,833,000 after purchasing an additional 2,687 shares during the last quarter. 73.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Winmark from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 24th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy”.

Winmark Stock Up 2.5%

NASDAQ WINA opened at $446.69 on Thursday. Winmark Corporation has a 52 week low of $295.79 and a 52 week high of $527.37. The company has a market capitalization of $1.59 billion, a P/E ratio of 39.81 and a beta of 0.69. The stock’s 50-day moving average price is $421.58 and its 200-day moving average price is $429.88.

Insiders Place Their Bets

In other Winmark news, COO Renae M. Gaudette sold 1,200 shares of Winmark stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $417.11, for a total transaction of $500,532.00. Following the transaction, the chief operating officer owned 18,860 shares of the company’s stock, valued at $7,866,694.60. The trade was a 5.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 10.10% of the stock is owned by corporate insiders.

Winmark Company Profile

Winmark Corporation (NASDAQ: WINA) is a franchisor of retail resale stores, specializing in the resale of apparel, sporting goods, children’s and maternity clothing, toys, and entertainment media. Through its portfolio of well-known brands—such as Plato’s Closet, Once Upon a Child, Play It Again Sports, and Style Encore—Winmark provides aspiring entrepreneurs the opportunity to own and operate neighborhood resale businesses. The company supports its franchisees with site selection, store design, training programs, and ongoing marketing assistance, emphasizing a turnkey approach to retail entrepreneurship.

Each of Winmark’s franchised brands targets a distinct consumer segment.