MYDA Advisors LLC Makes New $660,000 Investment in Albertsons Companies, Inc. $ACI

Key Points

• MYDA Advisors LLC has acquired 30,000 shares of Albertsons Companies, Inc. valued at about $660,000 in the first quarter, indicating growing institutional interest in the stock.
• Albertsons reported a net margin of 1.18% and a 2.5% year-over-year revenue increase, with quarterly earnings per share beating analysts' expectations.
• The company also declared a quarterly dividend of $0.15 per share, translating to an annualized dividend yield of 3.1%.

MYDA Advisors LLC purchased a new position in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 30,000 shares of the company's stock, valued at approximately $660,000.

Other large investors have also modified their holdings of the company. SVB Wealth LLC purchased a new stake in shares of Albertsons Companies during the first quarter worth approximately $32,000. WealthCollab LLC raised its stake in shares of Albertsons Companies by 446.0% during the fourth quarter. WealthCollab LLC now owns 1,780 shares of the company's stock worth $35,000 after purchasing an additional 1,454 shares during the last quarter. Bessemer Group Inc. purchased a new stake in shares of Albertsons Companies during the first quarter worth approximately $40,000. GAMMA Investing LLC raised its stake in shares of Albertsons Companies by 340.1% during the first quarter. GAMMA Investing LLC now owns 1,919 shares of the company's stock worth $42,000 after purchasing an additional 1,483 shares during the last quarter. Finally, Brooklyn Investment Group raised its stake in shares of Albertsons Companies by 48,840.0% during the first quarter. Brooklyn Investment Group now owns 2,447 shares of the company's stock worth $54,000 after purchasing an additional 2,442 shares during the last quarter. Hedge funds and other institutional investors own 71.35% of the company's stock.

Albertsons Companies Price Performance

Shares of ACI traded down $0.19 during trading hours on Tuesday, reaching $19.27. 1,836,148 shares of the company traded hands, compared to its average volume of 6,053,254. The company has a quick ratio of 0.18, a current ratio of 0.82 and a debt-to-equity ratio of 2.17. The stock has a market capitalization of $10.79 billion, a PE ratio of 11.75, a price-to-earnings-growth ratio of 1.98 and a beta of 0.51. Albertsons Companies, Inc. has a fifty-two week low of $17.00 and a fifty-two week high of $23.20. The stock has a fifty day simple moving average of $20.36 and a 200 day simple moving average of $21.11.

Albertsons Companies (NYSE:ACI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 15th. The company reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.01. The business had revenue of $24.88 billion for the quarter, compared to analyst estimates of $24.68 billion. Albertsons Companies had a return on equity of 37.92% and a net margin of 1.18%.The business's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.66 earnings per share. Albertsons Companies has set its FY 2025 guidance at 2.030-2.160 EPS. As a group, research analysts predict that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Friday, July 25th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, July 25th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.1%. Albertsons Companies's dividend payout ratio (DPR) is presently 36.59%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Wall Street Zen cut Albertsons Companies from a "buy" rating to a "hold" rating in a research note on Saturday. Tigress Financial restated a "buy" rating and set a $28.00 price target on shares of Albertsons Companies in a research note on Tuesday, July 8th. UBS Group upgraded Albertsons Companies from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $22.00 to $27.00 in a research report on Tuesday, July 22nd. Roth Capital reiterated a "buy" rating and issued a $24.00 price objective (up previously from $23.00) on shares of Albertsons Companies in a research report on Wednesday, July 16th. Finally, BMO Capital Markets raised Albertsons Companies from a "market perform" rating to an "outperform" rating and upped their target price for the company from $19.00 to $25.00 in a report on Wednesday, May 7th. Eleven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Albertsons Companies presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.94.

About Albertsons Companies

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.