Interval Partners LP Has $43.15 Million Stock Position in Albertsons Companies, Inc. $ACI

Interval Partners LP increased its stake in Albertsons Companies, Inc. (NYSE:ACI) by 30.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,962,404 shares of the company’s stock after purchasing an additional 452,653 shares during the period. Albertsons Companies makes up 0.9% of Interval Partners LP’s holdings, making the stock its 20th largest position. Interval Partners LP owned approximately 0.34% of Albertsons Companies worth $43,153,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. SVB Wealth LLC bought a new stake in Albertsons Companies during the 1st quarter worth about $32,000. Bessemer Group Inc. bought a new stake in Albertsons Companies during the 1st quarter worth about $40,000. GAMMA Investing LLC lifted its position in Albertsons Companies by 340.1% during the 1st quarter. GAMMA Investing LLC now owns 1,919 shares of the company’s stock worth $42,000 after buying an additional 1,483 shares in the last quarter. Brooklyn Investment Group lifted its position in Albertsons Companies by 48,840.0% during the 1st quarter. Brooklyn Investment Group now owns 2,447 shares of the company’s stock worth $54,000 after buying an additional 2,442 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in Albertsons Companies by 54.8% during the 1st quarter. Fifth Third Bancorp now owns 2,997 shares of the company’s stock worth $66,000 after buying an additional 1,061 shares in the last quarter. 71.35% of the stock is owned by institutional investors and hedge funds.

Albertsons Companies Trading Down 1.1%

Shares of ACI stock opened at $19.11 on Friday. Albertsons Companies, Inc. has a 52-week low of $17.00 and a 52-week high of $23.20. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.18 and a current ratio of 0.82. The company has a 50-day simple moving average of $20.23 and a two-hundred day simple moving average of $21.07. The company has a market capitalization of $10.70 billion, a price-to-earnings ratio of 11.65, a PEG ratio of 1.97 and a beta of 0.51.

Albertsons Companies (NYSE:ACI) last issued its quarterly earnings data on Tuesday, July 15th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. Albertsons Companies had a net margin of 1.18% and a return on equity of 37.92%. The business had revenue of $24.88 billion during the quarter, compared to the consensus estimate of $24.68 billion. During the same period in the prior year, the firm posted $0.66 EPS. The firm’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. Research analysts anticipate that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 8th. Investors 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 3.1%. The ex-dividend date was Friday, July 25th. Albertsons Companies’s dividend payout ratio is presently 36.59%.

Analysts Set New Price Targets

ACI has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. initiated coverage on Albertsons Companies in a research note on Wednesday, August 20th. They issued an “overweight” rating and a $27.00 price objective on the stock. Tigress Financial restated a “buy” rating and issued a $28.00 price objective on shares of Albertsons Companies in a research note on Tuesday, July 8th. Wall Street Zen cut shares of Albertsons Companies from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Zacks Research upgraded shares of Albertsons Companies from a “strong sell” rating to a “hold” rating in a research report on Monday, August 25th. Finally, Roth Capital restated a “buy” rating and issued a $24.00 target price (up previously from $23.00) on shares of Albertsons Companies in a research report on Wednesday, July 16th. Eleven equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Albertsons Companies currently has an average rating of “Moderate Buy” and an average target price of $23.94.

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.