SG Americas Securities LLC Takes $1.63 Million Position in Albertsons Companies, Inc. (NYSE:ACI)

SG Americas Securities LLC purchased a new position in shares of Albertsons Companies, Inc. (NYSE:ACI) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 88,150 shares of the company’s stock, valued at approximately $1,629,000.

A number of other hedge funds have also recently added to or reduced their stakes in ACI. Cubist Systematic Strategies LLC acquired a new stake in shares of Albertsons Companies in the second quarter valued at approximately $687,000. Lighthouse Investment Partners LLC boosted its stake in Albertsons Companies by 35.5% during the 2nd quarter. Lighthouse Investment Partners LLC now owns 12,500 shares of the company’s stock worth $247,000 after purchasing an additional 3,274 shares during the period. MBB Public Markets I LLC acquired a new stake in Albertsons Companies during the 2nd quarter worth $440,000. Dark Forest Capital Management LP grew its position in Albertsons Companies by 17.2% during the 2nd quarter. Dark Forest Capital Management LP now owns 360,005 shares of the company’s stock worth $7,110,000 after purchasing an additional 52,832 shares during the last quarter. Finally, Deerfield Management Company L.P. Series C acquired a new position in Albertsons Companies in the second quarter valued at $680,000. Hedge funds and other institutional investors own 71.35% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Melius Research began coverage on shares of Albertsons Companies in a research note on Monday, September 23rd. They set a “hold” rating and a $19.00 target price for the company. Telsey Advisory Group reaffirmed a “market perform” rating and set a $27.25 price objective on shares of Albertsons Companies in a research report on Thursday, July 18th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $23.54.

Albertsons Companies Stock Performance

Shares of Albertsons Companies stock opened at $18.25 on Wednesday. The firm has a market cap of $10.57 billion, a price-to-earnings ratio of 8.18, a price-to-earnings-growth ratio of 1.02 and a beta of 0.48. Albertsons Companies, Inc. has a 52-week low of $17.80 and a 52-week high of $23.47. The company’s 50-day simple moving average is $19.32 and its 200-day simple moving average is $19.97. The company has a quick ratio of 0.21, a current ratio of 0.88 and a debt-to-equity ratio of 2.67.

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

Albertsons Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, July 26th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.63%. The ex-dividend date was Friday, July 26th. Albertsons Companies’s payout ratio is 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.