GAMMA Investing LLC Boosts Stock Position in Albertsons Companies, Inc. $ACI

GAMMA Investing LLC grew its position in shares of Albertsons Companies, Inc. (NYSE:ACI) by 84.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,538 shares of the company’s stock after purchasing an additional 1,619 shares during the period. GAMMA Investing LLC’s holdings in Albertsons Companies were worth $76,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. AQR Capital Management LLC grew its position in Albertsons Companies by 1,601.1% during the first quarter. AQR Capital Management LLC now owns 4,729,259 shares of the company’s stock valued at $103,807,000 after acquiring an additional 4,451,250 shares during the period. Voya Investment Management LLC grew its holdings in shares of Albertsons Companies by 6,541.5% during the first quarter. Voya Investment Management LLC now owns 3,723,616 shares of the company’s stock valued at $81,882,000 after purchasing an additional 3,667,550 shares during the last quarter. LSV Asset Management grew its position in shares of Albertsons Companies by 52.9% during the first quarter. LSV Asset Management now owns 7,873,039 shares of the company’s stock worth $173,128,000 after acquiring an additional 2,724,576 shares during the last quarter. Apollo Management Holdings L.P. boosted its position in shares of Albertsons Companies by 174.1% during the first quarter. Apollo Management Holdings L.P. now owns 2,930,000 shares of the company’s stock worth $64,431,000 after buying an additional 1,861,000 shares during the period. Finally, Amundi lifted its holdings in Albertsons Companies by 118.8% in the first quarter. Amundi now owns 3,227,851 shares of the company’s stock worth $73,164,000 after purchasing an additional 1,752,393 shares during the period. Institutional investors and hedge funds own 71.35% of the company’s stock.

Albertsons Companies Trading Down 0.0%

Shares of ACI stock opened at $17.35 on Friday. The firm has a fifty day moving average of $18.91 and a 200-day moving average of $20.69. The stock has a market cap of $9.71 billion, a price-to-earnings ratio of 10.58, a P/E/G ratio of 1.78 and a beta of 0.49. Albertsons Companies, Inc. has a 52-week low of $17.00 and a 52-week high of $23.20. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.18 and a current ratio of 0.82.

Albertsons Companies (NYSE:ACI) last announced its quarterly earnings results on Tuesday, July 15th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.54 by $0.01. The business had revenue of $24.88 billion for the quarter, compared to analyst estimates of $24.68 billion. Albertsons Companies had a return on equity of 37.92% and a net margin of 1.18%.Albertsons Companies’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.66 EPS. Albertsons Companies has set its FY 2025 guidance at 2.030-2.160 EPS. On average, equities research analysts forecast that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Friday, July 25th were issued a $0.15 dividend. The ex-dividend date of this dividend was Friday, July 25th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.5%. Albertsons Companies’s dividend payout ratio (DPR) is currently 36.59%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ACI shares. Zacks Research raised Albertsons Companies from a “strong sell” rating to a “hold” rating in a report on Monday, August 25th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $24.00 target price on shares of Albertsons Companies in a research report on Thursday. JPMorgan Chase & Co. initiated coverage on Albertsons Companies in a research report on Wednesday, August 20th. They issued an “overweight” rating and a $27.00 price target for the company. Tigress Financial reiterated a “buy” rating and set a $28.00 price target on shares of Albertsons Companies in a research note on Tuesday, July 8th. Finally, Roth Capital reissued a “buy” rating and issued a $24.00 price objective (up from $23.00) on shares of Albertsons Companies in a research note on Wednesday, July 16th. Eleven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $23.94.

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.