Albertsons Companies, Inc. $ACI Stake Boosted by Cinctive Capital Management LP

Key Points

• Cinctive Capital Management LP increased its stake in Albertsons Companies, acquiring an additional 62,103 shares, raising its holdings by 31.1% to a total of 261,772 shares valued at approximately $5.76 million.
• Several institutional investors, including Vanguard Group and LSV Asset Management, have also increased their stakes in Albertsons Companies, with institutional ownership now at 71.35%.
• Albertsons Companies recently reported earnings of $0.55 per share, beating analyst expectations, and has announced a quarterly dividend of $0.15, marking a yield of 3.1% for shareholders.

Cinctive Capital Management LP raised its stake in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 31.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 261,772 shares of the company's stock after purchasing an additional 62,103 shares during the quarter. Cinctive Capital Management LP's holdings in Albertsons Companies were worth $5,756,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new position in Albertsons Companies during the first quarter worth $1,420,000. Bessemer Group Inc. acquired a new position in shares of Albertsons Companies during the 1st quarter worth $40,000. Bayesian Capital Management LP purchased a new position in shares of Albertsons Companies in the 4th quarter valued at about $232,000. Atlas Capital Advisors Inc. lifted its stake in shares of Albertsons Companies by 241.6% in the first quarter. Atlas Capital Advisors Inc. now owns 23,154 shares of the company's stock valued at $509,000 after purchasing an additional 16,375 shares during the period. Finally, Flagship Harbor Advisors LLC purchased a new stake in Albertsons Companies during the first quarter worth about $323,000. 71.35% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on ACI. Wall Street Zen upgraded Albertsons Companies from a "hold" rating to a "buy" rating in a report on Sunday. Zacks Research upgraded Albertsons Companies from a "strong sell" rating to a "hold" rating in a report on Monday, August 25th. UBS Group upgraded shares of Albertsons Companies from a "neutral" rating to a "buy" rating and lifted their target price for the company from $22.00 to $27.00 in a report on Tuesday, July 22nd. Telsey Advisory Group reaffirmed an "outperform" rating and set a $24.00 price target on shares of Albertsons Companies in a report on Wednesday, July 16th. Finally, Tigress Financial reiterated a "buy" rating and issued a $28.00 price objective on shares of Albertsons Companies in a report on Tuesday, July 8th. Eleven 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. According to data from MarketBeat.com, Albertsons Companies presently has an average rating of "Moderate Buy" and an average price target of $23.94.

Albertsons Companies Price Performance

ACI traded down $0.52 on Tuesday, reaching $18.73. The company had a trading volume of 3,688,335 shares, compared to its average volume of 6,044,127. Albertsons Companies, Inc. has a one year low of $17.00 and a one year high of $23.20. The company has a market capitalization of $10.49 billion, a P/E ratio of 11.42, a PEG ratio of 1.94 and a beta of 0.51. The company has a fifty day moving average of $20.14 and a 200-day moving average of $21.06. The company has a current ratio of 0.82, a quick ratio of 0.18 and a debt-to-equity ratio of 2.17.

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

Albertsons Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Friday, July 25th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Friday, July 25th. Albertsons Companies's dividend payout ratio (DPR) is presently 36.59%.

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.