Voloridge Investment Management LLC Increases Stake in Albertsons Companies, Inc. (NYSE:ACI)

Voloridge Investment Management LLC increased its stake in Albertsons Companies, Inc. (NYSE:ACI) by 3,052.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 799,966 shares of the company’s stock after acquiring an additional 774,586 shares during the period. Voloridge Investment Management LLC owned approximately 0.14% of Albertsons Companies worth $15,711,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Worldquant Millennium Advisors LLC acquired a new position in Albertsons Companies in the fourth quarter valued at $1,504,000. Woodline Partners LP lifted its stake in shares of Albertsons Companies by 21.9% in the 4th quarter. Woodline Partners LP now owns 902,017 shares of the company’s stock valued at $17,716,000 after purchasing an additional 162,018 shares in the last quarter. Tidal Investments LLC grew its holdings in shares of Albertsons Companies by 7.7% during the 4th quarter. Tidal Investments LLC now owns 46,449 shares of the company’s stock worth $912,000 after purchasing an additional 3,310 shares during the period. State of Wyoming acquired a new stake in Albertsons Companies during the 4th quarter worth approximately $398,000. Finally, Strategic Global Advisors LLC increased its position in Albertsons Companies by 6.6% during the 4th quarter. Strategic Global Advisors LLC now owns 48,621 shares of the company’s stock worth $955,000 after purchasing an additional 2,989 shares in the last quarter. 71.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on ACI. Tigress Financial boosted their price objective on shares of Albertsons Companies from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, April 24th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $26.00 price target on shares of Albertsons Companies in a research report on Friday, April 11th. JPMorgan Chase & Co. raised their price objective on Albertsons Companies from $24.00 to $31.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $23.00 target price on shares of Albertsons Companies in a research report on Wednesday, April 16th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $26.00 target price on shares of Albertsons Companies in a research note on Tuesday, February 4th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Albertsons Companies has a consensus rating of “Moderate Buy” and a consensus target price of $24.36.

Insider Transactions at Albertsons Companies

In related news, EVP Omer Gajial sold 47,303 shares of the firm’s stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $21.46, for a total value of $1,015,122.38. Following the completion of the transaction, the executive vice president now owns 162,569 shares of the company’s stock, valued at approximately $3,488,730.74. This trade represents a 22.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.26% of the stock is currently owned by insiders.

Albertsons Companies Price Performance

Shares of NYSE:ACI opened at $22.12 on Friday. The company has a market capitalization of $12.73 billion, a PE ratio of 12.42, a price-to-earnings-growth ratio of 1.92 and a beta of 0.47. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.21 and a current ratio of 0.93. The stock has a fifty day moving average of $21.74 and a 200-day moving average of $20.59. Albertsons Companies, Inc. has a one year low of $17.00 and a one year high of $23.20.

Albertsons Companies (NYSE:ACI) last announced its earnings results on Tuesday, April 15th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.40 by $0.06. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. The business had revenue of $18.80 billion during the quarter, compared to the consensus estimate of $18.78 billion. During the same period in the prior year, the business posted $0.54 earnings per share. As a group, equities analysts anticipate that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 25th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend was Friday, April 25th. Albertsons Companies’s payout ratio is 36.59%.

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.