GSA Capital Partners LLP Invests $1.38 Million in Albertsons Companies, Inc. (NYSE:ACI)

GSA Capital Partners LLP bought a new stake in Albertsons Companies, Inc. (NYSE:ACIGet Rating) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 45,787 shares of the company’s stock, valued at approximately $1,382,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ACI. Renaissance Technologies LLC increased its stake in Albertsons Companies by 133.8% in the fourth quarter. Renaissance Technologies LLC now owns 1,320,005 shares of the company’s stock valued at $39,851,000 after acquiring an additional 755,305 shares during the period. BlackRock Inc. increased its stake in Albertsons Companies by 13.7% in the third quarter. BlackRock Inc. now owns 4,521,390 shares of the company’s stock valued at $140,750,000 after acquiring an additional 545,970 shares during the period. American Century Companies Inc. bought a new stake in Albertsons Companies in the fourth quarter valued at about $15,496,000. Geode Capital Management LLC increased its stake in Albertsons Companies by 49.7% in the third quarter. Geode Capital Management LLC now owns 1,319,553 shares of the company’s stock valued at $41,077,000 after acquiring an additional 438,379 shares during the period. Finally, Voloridge Investment Management LLC bought a new stake in Albertsons Companies in the third quarter valued at about $13,338,000. 62.12% of the stock is currently owned by institutional investors and hedge funds.

Shares of ACI stock traded up $0.28 during trading hours on Wednesday, reaching $29.57. 36,333 shares of the company were exchanged, compared to its average volume of 2,526,060. Albertsons Companies, Inc. has a fifty-two week low of $18.62 and a fifty-two week high of $37.99. The stock’s fifty day moving average is $32.27 and its two-hundred day moving average is $31.70. The company has a market cap of $13.81 billion, a price-to-earnings ratio of 10.35, a P/E/G ratio of 1.64 and a beta of 0.30. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.00 and a quick ratio of 0.46.

Albertsons Companies (NYSE:ACIGet Rating) last posted its quarterly earnings results on Tuesday, April 12th. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.10. The business had revenue of $17.38 billion during the quarter, compared to the consensus estimate of $16.85 billion. Albertsons Companies had a net margin of 2.25% and a return on equity of 79.21%. Albertsons Companies’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 earnings per share. On average, research analysts anticipate that Albertsons Companies, Inc. will post 2.7 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 10th. Shareholders of record on Tuesday, April 26th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.62%. The ex-dividend date was Monday, April 25th. Albertsons Companies’s payout ratio is presently 16.96%.

A number of analysts recently weighed in on ACI shares. The Goldman Sachs Group upped their target price on shares of Albertsons Companies from $28.00 to $32.00 and gave the company a “neutral” rating in a research note on Wednesday, April 13th. Zacks Investment Research lowered shares of Albertsons Companies from a “strong-buy” rating to a “hold” rating and set a $38.00 price target on the stock. in a research report on Tuesday, March 15th. Morgan Stanley boosted their price target on shares of Albertsons Companies from $26.00 to $28.00 and gave the company an “underweight” rating in a research report on Wednesday, April 13th. Royal Bank of Canada boosted their price target on shares of Albertsons Companies from $33.00 to $37.00 and gave the company an “outperform” rating in a research report on Wednesday, April 13th. Finally, UBS Group boosted their price target on shares of Albertsons Companies from $31.00 to $37.00 and gave the company a “neutral” rating in a research report on Monday, April 11th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Albertsons Companies presently has a consensus rating of “Hold” and an average price target of $32.79.

In other Albertsons Companies news, CAO Robert Bruce Larson sold 15,746 shares of the stock in a transaction on Wednesday, April 27th. The shares were sold at an average price of $31.50, for a total value of $495,999.00. Following the completion of the sale, the chief accounting officer now owns 115,241 shares in the company, valued at $3,630,091.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Anuj Dhanda sold 29,202 shares of the stock in a transaction on Friday, April 22nd. The shares were sold at an average price of $32.26, for a total transaction of $942,056.52. Following the completion of the sale, the executive vice president now owns 282,160 shares of the company’s stock, valued at approximately $9,102,481.60. The disclosure for this sale can be found here. Insiders have sold 64,035 shares of company stock valued at $2,055,138 in the last three months. 1.30% of the stock is owned by insiders.

Albertsons Companies Company Profile (Get Rating)

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. As of February 27, 2021, it operated 2,277 stores under various banners, including Albertsons, Safeway, Vons, Pavilions, Randalls, Tom Thumb, Carrs, Jewel-Osco, Acme, Shaw's, Star Market, United Supermarkets, Market Street, Haggen, Kings Food Markets, and Balducci's Food Lovers Market; and 1,727 pharmacies, 1,313 in-store branded coffee shops, 400 adjacent fuel centers, 22 distribution centers, and 20 manufacturing facilities, as well as various digital platforms.

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Institutional Ownership by Quarter for Albertsons Companies (NYSE:ACI)

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