Albertsons Companies, Inc. (NYSE:ACI) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP decreased its stake in Albertsons Companies, Inc. (NYSE:ACI) by 1.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,126 shares of the company’s stock after selling 609 shares during the period. Quantbot Technologies LP’s holdings in Albertsons Companies were worth $1,093,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Signaturefd LLC boosted its stake in Albertsons Companies by 108.4% in the second quarter. Signaturefd LLC now owns 2,365 shares of the company’s stock valued at $47,000 after acquiring an additional 1,230 shares in the last quarter. Blue Trust Inc. grew its stake in Albertsons Companies by 2,948.4% during the 2nd quarter. Blue Trust Inc. now owns 2,896 shares of the company’s stock worth $62,000 after buying an additional 2,801 shares during the last quarter. Intact Investment Management Inc. purchased a new stake in Albertsons Companies in the second quarter valued at approximately $126,000. Acadian Asset Management LLC acquired a new stake in shares of Albertsons Companies in the second quarter valued at approximately $150,000. Finally, Headlands Technologies LLC grew its position in shares of Albertsons Companies by 2,243.9% during the second quarter. Headlands Technologies LLC now owns 8,977 shares of the company’s stock worth $177,000 after acquiring an additional 8,594 shares during the last quarter. 71.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on ACI shares. Tigress Financial reissued a “buy” rating and set a $27.00 price objective on shares of Albertsons Companies in a research report on Monday, October 21st. Melius Research upgraded Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Monday, October 21st. Melius raised Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Monday, October 21st. BMO Capital Markets dropped their target price on Albertsons Companies from $21.00 to $19.00 and set a “market perform” rating on the stock in a research report on Wednesday, October 16th. Finally, Wells Fargo & Company reissued a “market perform” rating on shares of Albertsons Companies in a report on Friday, October 18th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $23.58.

Albertsons Companies Price Performance

Albertsons Companies stock opened at $19.85 on Friday. Albertsons Companies, Inc. has a 1 year low of $17.80 and a 1 year high of $23.47. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.22 and a current ratio of 0.90. The firm has a 50 day moving average price of $18.76 and a 200 day moving average price of $19.50. The company has a market cap of $11.50 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 1.15 and a beta of 0.49.

Albertsons Companies (NYSE:ACI) last issued its earnings results on Tuesday, October 15th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The firm had revenue of $18.55 billion for the quarter, compared to analysts’ expectations of $18.47 billion. Albertsons Companies had a return on equity of 49.50% and a net margin of 1.25%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.60 earnings per share. Sell-side analysts predict that Albertsons Companies, Inc. will post 2.13 earnings per share for the current year.

Albertsons Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Monday, October 28th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend was Monday, October 28th. Albertsons Companies’s dividend payout ratio is presently 28.07%.

About Albertsons Companies

Albertsons Companies, Inc, through its subsidiaries, engages in the operation of food and drug stores in the United States. The company’s food and drug retail stores offer grocery products, general merchandise, health and beauty care products, pharmacy, fuel, and other items and services. It also manufactures and processes food products for sale in stores.