MBB Public Markets I LLC Takes Position in Albertsons Companies, Inc. (NYSE:ACI)

MBB Public Markets I LLC purchased a new stake in Albertsons Companies, Inc. (NYSE:ACI) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 22,285 shares of the company’s stock, valued at approximately $440,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Lubert Adler Management Company LP increased its holdings in Albertsons Companies by 47.1% during the 2nd quarter. Lubert Adler Management Company LP now owns 2,664,735 shares of the company’s stock valued at $52,629,000 after acquiring an additional 852,857 shares in the last quarter. Tidal Investments LLC increased its holdings in Albertsons Companies by 109.7% during the 1st quarter. Tidal Investments LLC now owns 57,054 shares of the company’s stock valued at $1,223,000 after acquiring an additional 29,849 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Albertsons Companies by 40.1% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 189,083 shares of the company’s stock valued at $4,054,000 after acquiring an additional 54,130 shares in the last quarter. Swedbank AB increased its holdings in 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 acquiring an additional 133,715 shares in the last quarter. Finally, Privium Fund Management UK Ltd purchased a new position in Albertsons Companies during the 4th quarter valued at about $1,247,000. 71.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ACI shares. Telsey Advisory Group reaffirmed a “market perform” rating and set a $27.25 price target on shares of Albertsons Companies in a research note on Thursday, July 18th. Melius Research started coverage on shares of Albertsons Companies in a research note on Monday, September 23rd. They set a “hold” rating and a $19.00 price target on the stock. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.54.

Albertsons Companies Price Performance

ACI opened at $18.57 on Wednesday. The company’s 50 day simple moving average is $19.49 and its 200 day simple moving average is $20.06. The company has a debt-to-equity ratio of 2.67, a quick ratio of 0.21 and a current ratio of 0.88. Albertsons Companies, Inc. has a 1 year low of $17.80 and a 1 year high of $23.47. The stock has a market capitalization of $10.75 billion, a PE ratio of 8.33, a P/E/G ratio of 1.02 and a beta of 0.49.

Albertsons Companies (NYSE:ACI) last released its earnings results on Tuesday, July 23rd. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.01). The company had revenue of $24.27 billion during the quarter, compared to analyst estimates of $24.16 billion. Albertsons Companies had a return on equity of 56.01% and a net margin of 1.41%. Albertsons Companies’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the business posted $0.89 earnings per share. As a group, sell-side analysts expect that Albertsons Companies, Inc. will post 2.26 EPS for the current year.

Albertsons Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were paid a dividend of $0.12 per share. The ex-dividend date was Friday, July 26th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.59%. Albertsons Companies’s dividend payout ratio is currently 21.52%.

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.