ASHEVILLE, N.C. — A New York-based investor has increased its stake in Ingles Markets here to more than 18% of the company’s outstanding shares, according to financial documents filed with the Securities and Exchange Commission. Two funds associated with Rye, N.Y.-based Gamco Investors acquired more than 1.2 million Ingles shares in a series of stock purchases made in August and September worth more than $18 million, the filing said. The purchases came while Ingles stock was trading near ...

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