Alpine Global Management LLC Reduces Holdings in Albertsons Companies, Inc. $ACI

Key Points

• Alpine Global Management LLC reduced its stake in Albertsons Companies, Inc. by 66.7%, now holding 25,000 shares valued at $550,000 after selling 50,000 shares in the first quarter.
• Albertsons reported a quarterly revenue of $24.88 billion and earnings per share (EPS) of $0.55, beating estimates of $0.54, with guidance set for FY 2025 EPS between 2.030 and 2.160.
• The company announced a quarterly dividend of $0.15 per share, reflecting an annual yield of 3.1% with a payout ratio of 36.59%.

Alpine Global Management LLC reduced its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 66.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,000 shares of the company's stock after selling 50,000 shares during the quarter. Alpine Global Management LLC's holdings in Albertsons Companies were worth $550,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SVB Wealth LLC bought a new position in Albertsons Companies in the first quarter valued at about $32,000. Bessemer Group Inc. acquired a new stake in shares of Albertsons Companies in the first quarter valued at about $40,000. GAMMA Investing LLC boosted its position in shares of Albertsons Companies by 340.1% during the 1st quarter. GAMMA Investing LLC now owns 1,919 shares of the company's stock valued at $42,000 after purchasing an additional 1,483 shares in the last quarter. Brooklyn Investment Group boosted its position in shares of Albertsons Companies by 48,840.0% during the 1st quarter. Brooklyn Investment Group now owns 2,447 shares of the company's stock valued at $54,000 after purchasing an additional 2,442 shares in the last quarter. Finally, Fifth Third Bancorp boosted its position in shares of Albertsons Companies by 54.8% during the 1st quarter. Fifth Third Bancorp now owns 2,997 shares of the company's stock valued at $66,000 after purchasing an additional 1,061 shares in the last quarter. 71.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on ACI shares. BMO Capital Markets raised Albertsons Companies from a "market perform" rating to an "outperform" rating and increased their price target for the company from $19.00 to $25.00 in a research report on Wednesday, May 7th. Zacks Research raised Albertsons Companies from a "strong sell" rating to a "hold" rating in a research note on Monday, August 25th. Telsey Advisory Group reaffirmed an "outperform" rating and set a $24.00 price target on shares of Albertsons Companies in a research note on Wednesday, July 16th. Roth Capital reissued a "buy" rating and set a $24.00 price objective (up previously from $23.00) on shares of Albertsons Companies in a research note on Wednesday, July 16th. Finally, Barclays initiated coverage on Albertsons Companies in a report on Monday, July 21st. They set an "underweight" rating and a $19.00 price target on the stock. Eleven investment 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's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $23.94.

Albertsons Companies Stock Performance

ACI traded up $0.03 during mid-day trading on Wednesday, reaching $19.29. 3,439,465 shares of the company traded hands, compared to its average volume of 5,077,267. 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 $10.80 billion, a P/E ratio of 11.76, a P/E/G ratio of 1.98 and a beta of 0.51. Albertsons Companies, Inc. has a 52-week low of $17.00 and a 52-week high of $23.20. The company's fifty day moving average price is $20.27 and its 200-day moving average price is $21.09.

Albertsons Companies (NYSE:ACI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 15th. The company reported $0.55 earnings per share for the quarter, beating analysts' consensus estimates of $0.54 by $0.01. The firm had revenue of $24.88 billion during 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 quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.66 earnings per share. Albertsons Companies has set its FY 2025 guidance at 2.030-2.160 EPS. On average, sell-side analysts expect that Albertsons Companies, Inc. will post 2.14 EPS for the current year.

Albertsons Companies Announces Dividend

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

Albertsons Companies 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.