GAMMA Investing LLC Buys 1,483 Shares of Albertsons Companies, Inc. (NYSE:ACI)

GAMMA Investing LLC grew its stake in shares of Albertsons Companies, Inc. (NYSE:ACI) by 340.1% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 1,919 shares of the company’s stock after purchasing an additional 1,483 shares during the period. GAMMA Investing LLC’s holdings in Albertsons Companies were worth $42,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its holdings in Albertsons Companies by 316.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the company’s stock worth $35,000 after purchasing an additional 1,358 shares in the last quarter. WealthCollab LLC grew its holdings in shares of Albertsons Companies by 446.0% in the fourth quarter. WealthCollab LLC now owns 1,780 shares of the company’s stock valued at $35,000 after acquiring an additional 1,454 shares in the last quarter. Ossiam bought a new position in shares of Albertsons Companies in the fourth quarter valued at approximately $93,000. CoreCap Advisors LLC grew its holdings in shares of 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 in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its holdings in shares of Albertsons Companies by 91.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 8,610 shares of the company’s stock valued at $169,000 after acquiring an additional 4,101 shares in the last quarter. 71.35% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ACI shares. JPMorgan Chase & Co. set a $31.00 target price on Albertsons Companies in a report on Tuesday. Evercore ISI reduced their target price on Albertsons Companies from $23.00 to $22.00 and set an “in-line” rating for the company in a report on Thursday, April 17th. Tigress Financial reaffirmed a “buy” rating and issued a $28.00 target price on shares of Albertsons Companies in a report on Tuesday. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $24.00 target price on shares of Albertsons Companies in a report on Monday. Finally, BMO Capital Markets raised Albertsons Companies from a “market perform” rating to an “outperform” rating and upped their target price for the company from $19.00 to $25.00 in a report on Wednesday, May 7th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Albertsons Companies presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.21.

Insider Activity

In other Albertsons Companies news, EVP Omer Gajial sold 47,303 shares of the stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $21.46, for a total transaction of $1,015,122.38. Following the sale, the executive vice president owned 162,569 shares in the company, valued at $3,488,730.74. This represents a 22.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.35% of the stock is currently owned by corporate insiders.

Albertsons Companies Price Performance

Shares of NYSE ACI opened at $22.28 on Friday. The firm has a market cap of $12.82 billion, a price-to-earnings ratio of 13.58, a price-to-earnings-growth ratio of 2.26 and a beta of 0.44. The stock has a fifty day simple moving average of $21.79 and a two-hundred day simple moving average of $21.16. Albertsons Companies, Inc. has a 1-year low of $17.00 and a 1-year high of $23.20. The company has a current ratio of 0.90, a quick ratio of 0.22 and a debt-to-equity ratio of 2.29.

Albertsons Companies (NYSE:ACI) last posted its earnings results on Tuesday, April 15th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.06. The firm had revenue of $18.80 billion for the quarter, compared to the consensus estimate of $18.78 billion. Albertsons Companies had a return on equity of 41.03% and a net margin of 1.19%. During the same quarter in the prior year, the business posted $0.54 earnings per share. Analysts anticipate that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 25th were given a dividend of $0.15 per share. The ex-dividend date was Friday, April 25th. This represents a $0.60 annualized dividend and a dividend yield of 2.69%. Albertsons Companies’s dividend payout ratio is currently 36.59%.

Albertsons Companies Company Profile

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.