Dynamic Technology Lab Private Ltd Sells 89,500 Shares of Albertsons Companies, Inc. $ACI

Key Points

• Dynamic Technology Lab Private Ltd significantly cut its stake in Albertsons Companies by 81.7%, owning 20,000 shares after selling 89,500 shares during Q1.
• Several institutional investors, including Allspring Global Investments and Bessemer Group, have newly invested in Albertsons Companies, with 71.35% of the stock now owned by institutional investors.
• Analysts have a consensus rating of "Moderate Buy" for Albertsons Companies, with price targets ranging from $24.00 to $28.00, indicating potential optimism for the stock's performance.

Dynamic Technology Lab Private Ltd cut its stake in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 81.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,000 shares of the company's stock after selling 89,500 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Albertsons Companies were worth $440,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. National Wealth Management Group LLC lifted its stake in Albertsons Companies by 88.1% during the 1st quarter. National Wealth Management Group LLC now owns 19,783 shares of the company's stock valued at $435,000 after acquiring an additional 9,268 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Albertsons Companies by 24.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 354,777 shares of the company's stock valued at $7,802,000 after acquiring an additional 69,694 shares in the last quarter. Interval Partners LP lifted its stake in Albertsons Companies by 30.0% during the 1st quarter. Interval Partners LP now owns 1,962,404 shares of the company's stock valued at $43,153,000 after acquiring an additional 452,653 shares in the last quarter. Hancock Whitney Corp bought a new position in Albertsons Companies during the 1st quarter valued at $351,000. Finally, Cinctive Capital Management LP raised its stake in shares of Albertsons Companies by 31.1% during the 1st quarter. Cinctive Capital Management LP now owns 261,772 shares of the company's stock worth $5,756,000 after purchasing an additional 62,103 shares during the period. 71.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ACI shares. Wall Street Zen cut Albertsons Companies from a "buy" rating to a "hold" rating in a research note on Monday. JPMorgan Chase & Co. started coverage on Albertsons Companies in a research note on Wednesday, August 20th. They set an "overweight" rating and a $27.00 target price on the stock. Telsey Advisory Group reiterated an "outperform" rating and set a $24.00 target price on shares of Albertsons Companies in a research note on Wednesday, July 16th. Zacks Research upgraded Albertsons Companies from a "strong sell" rating to a "hold" rating in a research note on Monday, August 25th. Finally, Barclays assumed coverage on Albertsons Companies in a research note on Monday, July 21st. They set an "underweight" rating and a $19.00 target price on the stock. Eleven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Albertsons Companies presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.94.

Albertsons Companies Price Performance

ACI traded down $0.03 during midday trading on Wednesday, hitting $18.43. The stock had a trading volume of 674,268 shares, compared to its average volume of 6,028,999. The company has a market cap of $10.32 billion, a P/E ratio of 11.24, a price-to-earnings-growth ratio of 1.88 and a beta of 0.51. The business has a fifty day moving average of $19.73 and a 200 day moving average of $20.97. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.18 and a current ratio of 0.82. Albertsons Companies, Inc. has a 1 year low of $17.00 and a 1 year high of $23.20.

Albertsons Companies (NYSE:ACI - Get Free Report) last issued its earnings results on Tuesday, July 15th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.01. The business 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%.Albertsons Companies's revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.66 earnings per share. Albertsons Companies has set its FY 2025 guidance at 2.030-2.160 EPS. As a group, equities analysts forecast that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Friday, July 25th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Friday, July 25th. Albertsons Companies's dividend payout ratio is 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.