Magnetar Financial LLC Reduces Stock Holdings in Albertsons Companies, Inc. (NYSE:ACI)

Magnetar Financial LLC lessened its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI) by 0.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,919,381 shares of the company’s stock after selling 15,375 shares during the period. Albertsons Companies makes up 1.6% of Magnetar Financial LLC’s holdings, making the stock its 16th biggest position. Magnetar Financial LLC owned approximately 0.68% of Albertsons Companies worth $77,408,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ACI. Lubert Adler Management Company LP boosted its position in Albertsons Companies by 47.1% in the 2nd quarter. Lubert Adler Management Company LP now owns 2,664,735 shares of the company’s stock worth $52,629,000 after purchasing an additional 852,857 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Albertsons Companies by 40.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,404,574 shares of the company’s stock valued at $55,305,000 after purchasing an additional 692,188 shares during the period. Tidal Investments LLC grew its holdings in Albertsons Companies by 109.7% in the first quarter. Tidal Investments LLC now owns 57,054 shares of the company’s stock valued at $1,223,000 after purchasing an additional 29,849 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Albertsons Companies by 40.1% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 189,083 shares of the company’s stock valued at $4,054,000 after buying an additional 54,130 shares in the last quarter. Finally, Swedbank AB lifted its position in shares of Albertsons Companies by 166.2% during the 2nd quarter. Swedbank AB now owns 214,192 shares of the company’s stock valued at $4,230,000 after buying an additional 133,715 shares in the last quarter. 71.35% of the stock is currently owned by institutional investors and hedge funds.

Albertsons Companies Stock Up 0.6 %

Shares of ACI opened at $18.67 on Monday. The stock has a 50 day moving average price of $19.68 and a 200 day moving average price of $20.18. The company has a debt-to-equity ratio of 2.67, a quick ratio of 0.21 and a current ratio of 0.88. The stock has a market capitalization of $10.81 billion, a price-to-earnings ratio of 8.37, a PEG ratio of 1.02 and a beta of 0.49. Albertsons Companies, Inc. has a one year low of $17.80 and a one year high of $23.47.

Albertsons Companies (NYSE:ACI) last released its quarterly earnings data on Tuesday, July 23rd. The company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). Albertsons Companies had a net margin of 1.41% and a return on equity of 56.01%. The business had revenue of $24.27 billion during the quarter, compared to analyst estimates of $24.16 billion. During the same quarter in the previous year, the company posted $0.89 EPS. The firm’s revenue was up .9% on a year-over-year basis. Equities research analysts forecast that Albertsons Companies, Inc. will post 2.26 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 9th. Stockholders of record on Friday, July 26th were issued a dividend of $0.12 per share. The ex-dividend date was Friday, July 26th. This represents a $0.48 annualized dividend and a dividend yield of 2.57%. Albertsons Companies’s dividend payout ratio is presently 21.52%.

Analyst Ratings Changes

Separately, Telsey Advisory Group restated a “market perform” rating and set a $27.25 price objective on shares of Albertsons Companies in a research report on Thursday, July 18th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $24.45.

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.