Dynamic Technology Lab Private Ltd Grows Position in Albertsons Companies, Inc. (NYSE:ACI)

Dynamic Technology Lab Private Ltd grew its stake in shares of Albertsons Companies, Inc. (NYSE:ACI) by 6.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 262,757 shares of the company’s stock after purchasing an additional 16,324 shares during the period. Albertsons Companies makes up about 0.5% of Dynamic Technology Lab Private Ltd’s holdings, making the stock its 12th largest position. Dynamic Technology Lab Private Ltd’s holdings in Albertsons Companies were worth $4,856,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Swiss National Bank lifted its stake in shares of Albertsons Companies by 9.2% in the third quarter. Swiss National Bank now owns 1,117,200 shares of the company’s stock valued at $20,646,000 after purchasing an additional 94,300 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Albertsons Companies by 5.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 670,722 shares of the company’s stock valued at $12,395,000 after acquiring an additional 36,154 shares during the period. Lubert Adler Management Company LP boosted 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 acquiring an additional 852,857 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of Albertsons Companies by 109.7% in the 1st quarter. Tidal Investments LLC now owns 57,054 shares of the company’s stock worth $1,223,000 after acquiring an additional 29,849 shares during the period. Finally, Versor Investments LP increased its stake in Albertsons Companies by 24.1% in the 3rd quarter. Versor Investments LP now owns 166,202 shares of the company’s stock valued at $3,071,000 after purchasing an additional 32,305 shares in the last quarter. 71.35% of the stock is currently owned by hedge funds and other institutional investors.

Albertsons Companies Stock Up 1.6 %

ACI stock opened at $19.37 on Monday. The company has a 50 day moving average price of $18.67 and a two-hundred day moving average price of $19.52. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.22 and a current ratio of 0.90. The stock has a market capitalization of $11.22 billion, a P/E ratio of 11.33, a PEG ratio of 1.12 and a beta of 0.49. Albertsons Companies, Inc. has a one year low of $17.80 and a one year high of $23.47.

Albertsons Companies (NYSE:ACI) last released its earnings results on Tuesday, October 15th. The company reported $0.51 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $18.47 billion. During the same period in the prior year, the firm posted $0.60 earnings per share. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. As a group, sell-side analysts expect that Albertsons Companies, Inc. will post 2.13 EPS for the current year.

Albertsons Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Monday, October 28th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend was Monday, October 28th. Albertsons Companies’s payout ratio is currently 28.07%.

Analyst Upgrades and Downgrades

ACI has been the topic of a number of research analyst reports. Tigress Financial reiterated a “buy” rating and set a $27.00 target price on shares of Albertsons Companies in a research report on Monday, October 21st. Wells Fargo & Company reiterated a “market perform” rating on shares of Albertsons Companies in a research report on Friday, October 18th. Melius upgraded shares of Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Monday, October 21st. Melius Research raised shares of Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Monday, October 21st. Finally, BMO Capital Markets dropped their price objective on shares of Albertsons Companies from $21.00 to $19.00 and set a “market perform” rating for the company in a research note on Wednesday, October 16th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $23.58.

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.