GAMMA Investing LLC Purchases 41,763 Shares of Albertsons Companies, Inc. (NYSE:ACI)

GAMMA Investing LLC boosted its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI) by 9,578.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 42,199 shares of the company’s stock after acquiring an additional 41,763 shares during the period. GAMMA Investing LLC’s holdings in Albertsons Companies were worth $928,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Capital Advisors Ltd. LLC lifted its position in Albertsons Companies by 225.1% in the 4th quarter. Capital Advisors Ltd. LLC now owns 1,385 shares of the company’s stock valued at $27,000 after acquiring an additional 959 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Albertsons Companies by 316.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the company’s stock valued at $35,000 after acquiring an additional 1,358 shares during the period. WealthCollab LLC raised its holdings in Albertsons Companies by 446.0% in the 4th quarter. WealthCollab LLC now owns 1,780 shares of the company’s stock valued at $35,000 after acquiring an additional 1,454 shares during the period. Ossiam acquired a new position in shares of Albertsons Companies during the 4th quarter worth approximately $93,000. Finally, CoreCap Advisors LLC increased its stake in Albertsons Companies by 241,500.0% in the fourth quarter. CoreCap Advisors LLC now owns 4,832 shares of the company’s stock valued at $95,000 after acquiring an additional 4,830 shares during the last quarter. Institutional investors and hedge funds own 71.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ACI shares. Tigress Financial boosted their target price on shares of Albertsons Companies from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, April 24th. Royal Bank of Canada restated an “outperform” rating and issued a $23.00 target price on shares of Albertsons Companies in a report on Wednesday, April 16th. UBS Group dropped their target price on shares of Albertsons Companies from $24.00 to $22.00 and set a “neutral” rating on the stock in a report on Wednesday, April 16th. Evercore ISI dropped their price objective on shares of Albertsons Companies from $23.00 to $22.00 and set an “in-line” rating on the stock in a report on Thursday, April 17th. Finally, JPMorgan Chase & Co. upped their target price on shares of Albertsons Companies from $24.00 to $31.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.36.

Insider Activity

In related news, EVP Omer Gajial sold 47,303 shares of Albertsons Companies stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $21.46, for a total value of $1,015,122.38. Following the transaction, the executive vice president now owns 162,569 shares in the company, valued at $3,488,730.74. This trade represents a 22.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.26% of the company’s stock.

Albertsons Companies Stock Up 1.4%

Albertsons Companies stock opened at $21.53 on Tuesday. Albertsons Companies, Inc. has a twelve month low of $17.00 and a twelve month high of $23.20. The firm has a 50 day moving average price of $21.78 and a 200-day moving average price of $20.87. The company has a market capitalization of $12.39 billion, a P/E ratio of 12.09, a P/E/G ratio of 1.92 and a beta of 0.46. The company has a quick ratio of 0.21, a current ratio of 0.93 and a debt-to-equity ratio of 2.31.

Albertsons Companies (NYSE:ACI) last released its quarterly earnings data on Tuesday, April 15th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.40 by $0.06. Albertsons Companies had a net margin of 1.30% and a return on equity of 44.70%. The company had revenue of $18.80 billion during the quarter, compared to the consensus estimate of $18.78 billion. During the same period last year, the firm earned $0.54 EPS. As a group, equities analysts predict that Albertsons Companies, Inc. will post 2.14 EPS for the current year.

Albertsons Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, April 25th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.79%. The ex-dividend date was Friday, April 25th. Albertsons Companies’s dividend payout ratio (DPR) is currently 36.59%.

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.