Albertsons Companies, Inc. $ACI Shares Purchased by Private Management Group Inc.

Private Management Group Inc. boosted its position in Albertsons Companies, Inc. (NYSE:ACI) by 6.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,297,830 shares of the company’s stock after purchasing an additional 201,322 shares during the quarter. Albertsons Companies comprises 1.0% of Private Management Group Inc.’s holdings, making the stock its 27th biggest position. Private Management Group Inc. owned approximately 0.70% of Albertsons Companies worth $38,288,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in Albertsons Companies by 11.8% in the first quarter. Dimensional Fund Advisors LP now owns 15,013,525 shares of the company’s stock worth $255,855,000 after purchasing an additional 1,583,741 shares during the period. Squarepoint Ops LLC increased its stake in Albertsons Companies by 53.4% during the 2nd quarter. Squarepoint Ops LLC now owns 2,209,622 shares of the company’s stock valued at $29,896,000 after buying an additional 769,503 shares during the period. Bank of America Corp DE increased its stake in Albertsons Companies by 43.8% during the 1st quarter. Bank of America Corp DE now owns 1,899,233 shares of the company’s stock valued at $32,363,000 after buying an additional 578,401 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Albertsons Companies by 9.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 5,179,432 shares of the company’s stock worth $88,258,000 after buying an additional 430,101 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new stake in shares of Albertsons Companies during the 2nd quarter worth about $3,910,000. 71.35% of the stock is owned by institutional investors and hedge funds.

Albertsons Companies Stock Performance

ACI opened at $12.88 on Tuesday. The firm has a market cap of $6.06 billion, a PE ratio of -117.05, a P/E/G ratio of 2.35 and a beta of 0.38. The company has a quick ratio of 0.21, a current ratio of 0.82 and a debt-to-equity ratio of 5.89. The business has a fifty day simple moving average of $12.59 and a 200-day simple moving average of $14.84. Albertsons Companies, Inc. has a fifty-two week low of $10.86 and a fifty-two week high of $18.83.

Albertsons Companies (NYSE:ACI) last issued its earnings results on Tuesday, October 13th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. The business had revenue of $18.89 billion for the quarter, compared to analysts’ expectations of $18.87 billion. Albertsons Companies had a positive return on equity of 52.17% and a negative net margin of 0.06%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.30 EPS. As a group, equities analysts predict that Albertsons Companies, Inc. will post 1.65 EPS for the current fiscal year.

Albertsons Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 6th. Investors of record on Friday, October 23rd were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, October 23rd. This represents a $0.68 dividend on an annualized basis and a yield of 5.3%. Albertsons Companies’s dividend payout ratio (DPR) is currently -618.18%.

Wall Street Analyst Weigh In

ACI has been the subject of several research reports. Zacks Research raised Albertsons Companies from a “strong sell” rating to a “hold” rating in a research note on Monday, September 21st. Citigroup cut shares of Albertsons Companies from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $17.00 to $11.00 in a research report on Monday, July 27th. The Goldman Sachs Group cut shares of Albertsons Companies from a “buy” rating to a “neutral” rating and set a $13.00 price target on the stock. in a research report on Thursday, October 15th. BMO Capital Markets downgraded shares of Albertsons Companies from an “outperform” rating to a “market perform” rating and cut their price target for the company from $23.00 to $12.00 in a report on Friday, July 24th. Finally, Telsey Advisory Group lowered shares of Albertsons Companies from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $22.00 to $13.00 in a research report on Friday, July 24th. Two equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $13.42.

Albertsons Companies Company Profile

Albertsons Companies, Inc is a U.S. food and drug retailer headquartered in Boise, Idaho. Founded by Joe Albertson in 1939, the company operates grocery stores under banners including Albertsons, Safeway, Vons, Jewel-Osco, Acme, Shaw’s and Tom Thumb.

Its stores sell groceries, fresh produce, meat, bakery and deli items, household products and other everyday goods. Many locations also offer pharmacy services and fuel, while the company provides online ordering, pickup and home delivery.

Albertsons serves customers across multiple regions of the United States, with stores in 34 states and the District of Columbia.