ClearAlpha Technologies LP Has $4.68 Million Stake in Albertsons Companies, Inc. (NYSE:ACI)

ClearAlpha Technologies LP reduced its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI) by 42.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 253,456 shares of the company’s stock after selling 183,622 shares during the quarter. Albertsons Companies makes up approximately 1.3% of ClearAlpha Technologies LP’s holdings, making the stock its 18th biggest position. ClearAlpha Technologies LP’s holdings in Albertsons Companies were worth $4,684,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. FMR LLC boosted its stake in shares of Albertsons Companies by 88.1% during the 3rd quarter. FMR LLC now owns 16,841,582 shares of the company’s stock worth $311,232,000 after buying an additional 7,887,688 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Albertsons Companies by 25.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 6,170,601 shares of the company’s stock valued at $114,033,000 after purchasing an additional 1,239,978 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Albertsons Companies by 38.7% during the second quarter. Bank of New York Mellon Corp now owns 3,426,264 shares of the company’s stock valued at $67,669,000 after purchasing an additional 956,744 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Albertsons Companies by 25.0% in the second quarter. Dimensional Fund Advisors LP now owns 4,624,692 shares of the company’s stock valued at $91,337,000 after purchasing an additional 924,519 shares in the last quarter. Finally, Lubert Adler Management Company LP raised its stake in shares of Albertsons Companies by 47.1% during the 2nd quarter. Lubert Adler Management Company LP now owns 2,664,735 shares of the company’s stock worth $52,629,000 after purchasing an additional 852,857 shares in the last quarter. Institutional investors own 71.35% of the company’s stock.

Wall Street Analysts Forecast Growth

ACI has been the subject of several analyst reports. Tigress Financial reissued a “buy” rating and issued a $27.00 target price on shares of Albertsons Companies in a research note on Monday, October 21st. Melius Research upgraded shares of Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Monday, October 21st. Melius upgraded shares of Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Monday, October 21st. Telsey Advisory Group reiterated a “market perform” rating and set a $27.25 price target on shares of Albertsons Companies in a report on Friday, October 11th. Finally, Wells Fargo & Company reissued a “market perform” rating on shares of Albertsons Companies in a research report on Friday, October 18th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Albertsons Companies currently has a consensus rating of “Moderate Buy” and an average price target of $23.58.

Albertsons Companies Price Performance

Shares of Albertsons Companies stock opened at $19.85 on Monday. The company has a 50-day simple moving average of $18.76 and a two-hundred day simple moving average of $19.49. Albertsons Companies, Inc. has a twelve month low of $17.80 and a twelve month high of $23.47. The stock has a market capitalization of $11.50 billion, a price-to-earnings ratio of 11.61, a price-to-earnings-growth ratio of 1.16 and a beta of 0.49. The company has a quick ratio of 0.22, a current ratio of 0.90 and a debt-to-equity ratio of 2.58.

Albertsons Companies (NYSE:ACI) last released its earnings results on Tuesday, October 15th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. Albertsons Companies had a return on equity of 49.50% and a net margin of 1.25%. The firm had revenue of $18.55 billion during the quarter, compared to the consensus estimate of $18.47 billion. During the same period in the prior year, the company posted $0.60 EPS. The company’s revenue was up 1.4% compared to the same quarter last year. Analysts forecast that Albertsons Companies, Inc. will post 2.13 EPS for the current year.

Albertsons Companies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Monday, October 28th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend was Monday, October 28th. Albertsons Companies’s dividend payout ratio (DPR) is presently 28.07%.

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.