Dynamic Technology Lab Private Ltd Sells 508,762 Shares of Albertsons Companies, Inc. (NYSE:ACI)

Dynamic Technology Lab Private Ltd cut its position in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 58.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 357,972 shares of the company's stock after selling 508,762 shares during the quarter. Albertsons Companies accounts for 0.9% of Dynamic Technology Lab Private Ltd's portfolio, making the stock its largest position. Dynamic Technology Lab Private Ltd owned about 0.06% of Albertsons Companies worth $8,234,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of ACI. NBC Securities Inc. purchased a new stake in shares of Albertsons Companies in the third quarter worth approximately $28,000. Blue Trust Inc. lifted its position in shares of Albertsons Companies by 255.1% in the fourth quarter. Blue Trust Inc. now owns 1,463 shares of the company's stock worth $34,000 after purchasing an additional 1,051 shares in the last quarter. Van ECK Associates Corp purchased a new stake in shares of Albertsons Companies in the third quarter worth approximately $52,000. Principal Securities Inc. purchased a new stake in shares of Albertsons Companies in the fourth quarter worth approximately $62,000. Finally, CI Investments Inc. lifted its position in shares of Albertsons Companies by 21.8% in the third quarter. CI Investments Inc. now owns 4,373 shares of the company's stock worth $99,000 after purchasing an additional 783 shares in the last quarter. 71.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ACI. Telsey Advisory Group reissued a "market perform" rating and issued a $27.25 price target on shares of Albertsons Companies in a research report on Tuesday, April 23rd. Evercore ISI dropped their price objective on Albertsons Companies from $23.00 to $22.00 and set an "in-line" rating on the stock in a report on Tuesday, April 16th. Roth Mkm upgraded Albertsons Companies from a "neutral" rating to a "buy" rating and set a $24.00 price objective on the stock in a report on Tuesday, April 23rd. Royal Bank of Canada dropped their price objective on Albertsons Companies from $23.00 to $22.00 and set an "outperform" rating on the stock in a report on Tuesday, April 23rd. Finally, Roth Capital upgraded Albertsons Companies from a "neutral" rating to a "buy" rating in a report on Tuesday, April 23rd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $24.45.

Insider Buying and Selling at Albertsons Companies

In other news, insider Anuj Dhanda sold 100,000 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $20.35, for a total value of $2,035,000.00. Following the completion of the sale, the insider now directly owns 365,297 shares of the company's stock, valued at $7,433,793.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CAO Robert Bruce Larson sold 24,362 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $20.24, for a total value of $493,086.88. Following the completion of the sale, the chief accounting officer now directly owns 50,241 shares of the company's stock, valued at $1,016,877.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Anuj Dhanda sold 100,000 shares of the stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $20.35, for a total value of $2,035,000.00. Following the completion of the sale, the insider now directly owns 365,297 shares of the company's stock, valued at $7,433,793.95. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company's stock.

Albertsons Companies Stock Performance

ACI stock traded up $0.03 during midday trading on Monday, hitting $20.65. 1,581,800 shares of the company traded hands, compared to its average volume of 3,158,581. Albertsons Companies, Inc. has a twelve month low of $19.84 and a twelve month high of $23.88. The company has a quick ratio of 0.18, a current ratio of 0.84 and a debt-to-equity ratio of 2.83. The business has a 50 day simple moving average of $20.74 and a 200-day simple moving average of $21.40. The stock has a market capitalization of $11.92 billion, a price-to-earnings ratio of 9.26, a price-to-earnings-growth ratio of 1.06 and a beta of 0.51.

Albertsons Companies (NYSE:ACI - Get Free Report) last announced its quarterly earnings results on Monday, April 22nd. The company reported $0.51 EPS for the quarter, meeting the consensus estimate of $0.51. Albertsons Companies had a return on equity of 68.02% and a net margin of 1.64%. The company had revenue of $18.34 billion for the quarter, compared to the consensus estimate of $18.40 billion. As a group, equities research analysts predict that Albertsons Companies, Inc. will post 2.43 earnings per share for the current year.

Albertsons Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 10th. Shareholders of record on Friday, April 26th were issued a dividend of $0.12 per share. The ex-dividend date was Thursday, April 25th. This represents a $0.48 annualized dividend and a yield of 2.32%. Albertsons Companies's dividend payout ratio (DPR) is presently 21.52%.

Albertsons Companies Company 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.