Dynamic Technology Lab Private Ltd Purchases 9,412 Shares of Albertsons Companies, Inc. $ACI

Dynamic Technology Lab Private Ltd grew its position in Albertsons Companies, Inc. (NYSE:ACI) by 47.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,412 shares of the company’s stock after purchasing an additional 9,412 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Albertsons Companies were worth $633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of ACI. AQR Capital Management LLC boosted its holdings in Albertsons Companies by 1,601.1% in the 1st quarter. AQR Capital Management LLC now owns 4,729,259 shares of the company’s stock worth $103,807,000 after buying an additional 4,451,250 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Albertsons Companies during the second quarter worth about $81,463,000. Voya Investment Management LLC raised its stake in Albertsons Companies by 6,541.5% during the 1st 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 period. Sound Shore Management Inc CT purchased a new position in Albertsons Companies in the 2nd quarter worth approximately $65,530,000. Finally, LSV Asset Management lifted its holdings in Albertsons Companies by 52.9% in the 1st quarter. LSV Asset Management now owns 7,873,039 shares of the company’s stock worth $173,128,000 after purchasing an additional 2,724,576 shares in the last quarter. 71.35% of the stock is owned by hedge funds and other institutional investors.

Albertsons Companies Price Performance

ACI stock opened at $17.62 on Friday. Albertsons Companies, Inc. has a 52 week low of $16.70 and a 52 week high of $23.20. The firm has a market capitalization of $9.68 billion, a P/E ratio of 10.43, a price-to-earnings-growth ratio of 2.87 and a beta of 0.52. The company has a fifty day simple moving average of $18.01 and a two-hundred day simple moving average of $19.79. The company has a quick ratio of 0.20, a current ratio of 0.81 and a debt-to-equity ratio of 2.25.

Albertsons Companies (NYSE:ACI) last announced its quarterly earnings results on Tuesday, October 14th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. Albertsons Companies had a net margin of 1.20% and a return on equity of 36.39%. The firm had revenue of $18.92 billion during the quarter, compared to the consensus estimate of $18.89 billion. During the same quarter last year, the firm earned $0.51 EPS. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. Albertsons Companies has set its FY 2025 guidance at 2.060-2.190 EPS. Analysts anticipate that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 7th. Stockholders of record on Friday, October 24th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, October 24th. This represents a $0.60 annualized dividend and a dividend yield of 3.4%. Albertsons Companies’s payout ratio is currently 35.50%.

Insider Buying and Selling at Albertsons Companies

In related news, insider Anuj Dhanda sold 230,000 shares of the firm’s stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $19.25, for a total value of $4,427,500.00. Following the completion of the sale, the insider directly owned 300,577 shares in the company, valued at $5,786,107.25. This trade represents a 43.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Michael T. Theilmann sold 100,000 shares of the business’s stock in a transaction on Thursday, October 16th. The shares were sold at an average price of $19.35, for a total transaction of $1,935,000.00. Following the transaction, the executive vice president owned 338,429 shares in the company, valued at $6,548,601.15. This trade represents a 22.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.35% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Telsey Advisory Group reaffirmed an “outperform” rating and set a $24.00 price objective on shares of Albertsons Companies in a report on Wednesday, October 15th. UBS Group cut their target price on shares of Albertsons Companies from $27.00 to $25.00 and set a “buy” rating for the company in a research note on Wednesday, October 15th. Wall Street Zen cut shares of Albertsons Companies from a “buy” rating to a “hold” rating in a research note on Sunday, November 2nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Albertsons Companies in a report on Thursday, October 30th. Finally, Evercore ISI cut their price objective on Albertsons Companies from $22.00 to $21.00 and set an “in-line” rating for the company in a research report on Tuesday, November 11th. Ten analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Albertsons Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.43.

Albertsons Companies 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.