Qsemble Capital Management LP Reduces Holdings in Albertsons Companies, Inc. (NYSE:ACI)

Qsemble Capital Management LP decreased its holdings in Albertsons Companies, Inc. (NYSE:ACI) by 5.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 44,361 shares of the company’s stock after selling 2,695 shares during the period. Qsemble Capital Management LP’s holdings in Albertsons Companies were worth $820,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Signaturefd LLC grew its holdings in shares of Albertsons Companies by 108.4% in the second quarter. Signaturefd LLC now owns 2,365 shares of the company’s stock valued at $47,000 after purchasing an additional 1,230 shares during the period. Blue Trust Inc. increased its holdings in shares of Albertsons Companies by 2,948.4% during the 2nd quarter. Blue Trust Inc. now owns 2,896 shares of the company’s stock worth $62,000 after buying an additional 2,801 shares during the last quarter. Intact Investment Management Inc. purchased a new stake in shares of Albertsons Companies during the 2nd quarter valued at approximately $126,000. Acadian Asset Management LLC acquired a new position in Albertsons Companies in the second quarter valued at approximately $150,000. Finally, Headlands Technologies LLC grew its position in Albertsons Companies by 2,243.9% in the second quarter. Headlands Technologies LLC now owns 8,977 shares of the company’s stock worth $177,000 after acquiring an additional 8,594 shares during the period. Institutional investors and hedge funds own 71.35% of the company’s stock.

Albertsons Companies Price Performance

Albertsons Companies stock opened at $19.54 on Wednesday. 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, Inc. has a 52-week low of $17.80 and a 52-week high of $23.47. The firm has a market cap of $11.32 billion, a PE ratio of 11.43, a price-to-earnings-growth ratio of 1.13 and a beta of 0.49. The company’s 50 day moving average is $18.68 and its two-hundred day moving average is $19.51.

Albertsons Companies (NYSE:ACI) last announced its quarterly earnings data on Tuesday, October 15th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The business had revenue of $18.55 billion during the quarter, compared to the consensus estimate of $18.47 billion. Albertsons Companies had a return on equity of 49.50% and a net margin of 1.25%. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.60 earnings per share. On average, research analysts expect that Albertsons Companies, Inc. will post 2.13 EPS for the current fiscal year.

Albertsons Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Monday, October 28th were given a dividend of $0.12 per share. The ex-dividend date was Monday, October 28th. This represents a $0.48 annualized dividend and a dividend yield of 2.46%. Albertsons Companies’s dividend payout ratio (DPR) is currently 28.07%.

Analyst Ratings Changes

Several equities analysts have recently commented on ACI shares. Melius Research raised Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Monday, October 21st. BMO Capital Markets reduced their price objective on shares of Albertsons Companies from $21.00 to $19.00 and set a “market perform” rating on the stock in a report on Wednesday, October 16th. Melius raised shares of Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Monday, October 21st. Telsey Advisory Group reissued a “market perform” rating and issued a $27.25 price target on shares of Albertsons Companies in a research note on Friday, October 11th. Finally, Wells Fargo & Company reaffirmed 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 assigned a buy rating to the stock. According to data from MarketBeat.com, Albertsons Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.58.

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.