47,544 Shares in Albertsons Companies, Inc. $ACI Purchased by Focused Alpha LLC

Focused Alpha LLC acquired a new position in shares of Albertsons Companies, Inc. (NYSE:ACI) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 47,544 shares of the company’s stock, valued at approximately $552,000.

Several other hedge funds have also recently bought and sold shares of ACI. Dimensional Fund Advisors LP lifted its holdings in shares of 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 acquiring an additional 1,583,741 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Albertsons Companies by 9.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 5,179,432 shares of the company’s stock worth $88,258,000 after acquiring an additional 430,101 shares in the last quarter. Bank of America Corp DE lifted its position in Albertsons Companies by 43.8% in 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 acquiring an additional 578,401 shares in the last quarter. E. Ohman J or Asset Management AB raised its holdings in shares of Albertsons Companies by 14.0% in the second quarter. E. Ohman J or Asset Management AB now owns 2,321,294 shares of the company’s stock valued at $31,407,000 after purchasing an additional 285,280 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its position in shares of Albertsons Companies by 53.4% during the 2nd quarter. Squarepoint Ops LLC now owns 2,209,622 shares of the company’s stock worth $29,896,000 after buying an additional 769,503 shares in the last quarter. 71.35% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Albertsons Companies news, CEO Susan Morris purchased 39,409 shares of the business’s stock in a transaction on Tuesday, July 28th. The stock was acquired at an average cost of $11.42 per share, for a total transaction of $450,050.78. Following the completion of the transaction, the chief executive officer directly owned 1,092,956 shares in the company, valued at approximately $12,481,557.52. This represents a 3.74% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Thomas Moriarty acquired 170,500 shares of Albertsons Companies stock in a transaction dated Monday, July 27th. The shares were bought at an average cost of $11.51 per share, for a total transaction of $1,962,455.00. Following the completion of the purchase, the executive vice president directly owned 308,946 shares of the company’s stock, valued at approximately $3,555,968.46. The trade was a 123.15% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 218,909 shares of company stock valued at $2,515,826 over the last three months. Insiders own 1.18% of the company’s stock.

Albertsons Companies Stock Performance

NYSE:ACI opened at $13.16 on Tuesday. The company has a market capitalization of $6.39 billion, a price-to-earnings ratio of -119.62, a PEG ratio of 2.23 and a beta of 0.40. The business has a 50 day moving average of $12.26 and a 200 day moving average of $14.11. The company has a debt-to-equity ratio of 5.89, a current ratio of 0.82 and a quick ratio of 0.21. Albertsons Companies, Inc. has a 1-year low of $10.86 and a 1-year high of $20.00.

Albertsons Companies (NYSE:ACI) last issued its quarterly earnings results on Tuesday, October 13th. The company reported $0.36 EPS for the quarter, beating 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 negative net margin of 0.06% and a positive return on equity of 52.17%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same period last year, the business earned $0.30 earnings per share. On average, sell-side analysts predict that Albertsons Companies, Inc. will post 1.65 earnings per share for the current fiscal year.

Albertsons Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 6th. Shareholders of record on Friday, October 23rd will be paid a $0.17 dividend. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $0.68 annualized dividend and a yield of 5.2%. Albertsons Companies’s payout ratio is currently -618.18%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Royal Bank Of Canada raised their price target on shares of Albertsons Companies from $13.00 to $16.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 14th. 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. UBS Group reissued a “neutral” rating on shares of Albertsons Companies in a research note on Wednesday, October 14th. JPMorgan Chase & Co. lowered shares of Albertsons Companies from an “overweight” rating to a “neutral” rating and set a $14.00 price target on the stock. in a report on Thursday, October 15th. Finally, Weiss Ratings downgraded shares of Albertsons Companies from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday. Two investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, Albertsons Companies currently has a consensus rating of “Reduce” and a consensus price target of $13.42.

Albertsons Companies Company Profile

Albertsons Companies, Inc is a U.S. food and drug retailer that operates supermarkets, pharmacies, fuel centers and e-commerce businesses. Its stores offer fresh food, groceries, meat and seafood, bakery and deli items, household products, health and beauty products, and prepared meals.

The company operates through a portfolio of regional and national banners, including Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, ACME, Tom Thumb, Randalls, Pavilions, United Supermarkets, Market Street, Amigos, Carrs, Haggen, Star Market and Kings Food Markets.