Jump Financial LLC Sells 525,148 Shares of Albertsons Companies, Inc. $ACI

Key Points

• Jump Financial LLC significantly reduced its stake in Albertsons Companies by 87.4%, selling 525,148 shares and leaving it with 75,643 shares valued at approximately $1.66 million.
• Albertsons reported $0.55 earnings per share in its latest quarter, slightly exceeding analysts’ expectations, and achieved total revenues of $24.88 billion, marking a 2.5% year-over-year increase.
• The company announced a quarterly dividend of $0.15 per share, with a yield of 3.1%, maintaining a dividend payout ratio of 36.59%.

Jump Financial LLC reduced its holdings in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 87.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,643 shares of the company's stock after selling 525,148 shares during the quarter. Jump Financial LLC's holdings in Albertsons Companies were worth $1,663,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ACI. Mason Investment Advisory Services Inc. increased its holdings in shares of Albertsons Companies by 0.7% in the first quarter. Mason Investment Advisory Services Inc. now owns 78,062 shares of the company's stock valued at $1,717,000 after buying an additional 568 shares in the last quarter. Applied Finance Capital Management LLC raised its position in shares of Albertsons Companies by 5.0% during the first quarter. Applied Finance Capital Management LLC now owns 14,517 shares of the company's stock worth $319,000 after purchasing an additional 685 shares during the period. Nissay Asset Management Corp Japan ADV lifted its holdings in shares of Albertsons Companies by 1.9% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 47,232 shares of the company's stock valued at $941,000 after purchasing an additional 891 shares during the last quarter. Fifth Third Bancorp boosted its position in shares of Albertsons Companies by 54.8% in 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 during the period. Finally, Rehmann Capital Advisory Group boosted its position in shares of Albertsons Companies by 4.9% in the 4th quarter. Rehmann Capital Advisory Group now owns 24,765 shares of the company's stock valued at $486,000 after purchasing an additional 1,153 shares during the period. 71.35% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ACI has been the topic of several recent analyst reports. Wall Street Zen downgraded Albertsons Companies from a "buy" rating to a "hold" rating in a report on Saturday. Roth Capital restated a "buy" rating and set a $24.00 price target (up previously from $23.00) on shares of Albertsons Companies in a report on Wednesday, July 16th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $24.00 price objective on shares of Albertsons Companies in a research note on Wednesday, July 16th. Barclays assumed coverage on Albertsons Companies in a research report on Monday, July 21st. They issued an "underweight" rating and a $19.00 target price for the company. Finally, Tigress Financial reissued a "buy" rating and set a $28.00 price target on shares of Albertsons Companies in a research report on Tuesday, July 8th. Eleven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $23.94.

Albertsons Companies Stock Up 1.0%

Shares of NYSE:ACI traded up $0.20 during midday trading on Monday, hitting $19.46. 4,528,832 shares of the stock were exchanged, compared to its average volume of 5,294,471. 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 52-week low of $17.00 and a 52-week high of $23.20. The business's fifty day simple moving average is $20.41 and its two-hundred day simple moving average is $21.12. The company has a market capitalization of $10.89 billion, a PE ratio of 11.86, a P/E/G ratio of 1.98 and a beta of 0.51.

Albertsons Companies (NYSE:ACI - Get Free Report) last issued its earnings results on Tuesday, July 15th. The company reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.01. Albertsons Companies had a return on equity of 37.92% and a net margin of 1.18%.The firm had revenue of $24.88 billion for the quarter, compared to the consensus estimate of $24.68 billion. During the same quarter in the previous year, the company posted $0.66 earnings per share. The business's quarterly revenue was up 2.5% compared to the same quarter last year. 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 earnings per share for the current fiscal year.

Albertsons Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Friday, July 25th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Friday, July 25th. Albertsons Companies's payout ratio is currently 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.