Readystate Asset Management LP Takes $559,000 Position in Albertsons Companies, Inc. $ACI

Readystate Asset Management LP acquired a new position in shares of Albertsons Companies, Inc. (NYSE:ACI) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 41,323 shares of the company’s stock, valued at approximately $559,000.

Other hedge funds have also modified their holdings of the company. CWM LLC boosted its position in Albertsons Companies by 103.5% during the 4th quarter. CWM LLC now owns 1,435 shares of the company’s stock worth $25,000 after acquiring an additional 730 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Albertsons Companies by 172.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,062 shares of the company’s stock worth $35,000 after acquiring an additional 1,306 shares in the last quarter. Continuum Advisory LLC acquired a new stake in shares of Albertsons Companies in the second quarter valued at approximately $66,000. Versant Capital Management Inc raised its holdings in shares of Albertsons Companies by 2,406.4% in the second quarter. Versant Capital Management Inc now owns 5,113 shares of the company’s stock valued at $69,000 after purchasing an additional 4,909 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its position in shares of Albertsons Companies by 32,526.7% in the fourth quarter. Global Retirement Partners LLC now owns 4,894 shares of the company’s stock worth $84,000 after purchasing an additional 4,879 shares in the last quarter. 71.35% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ACI has been the subject of several recent research reports. UBS Group restated a “neutral” rating and set a $12.00 target price (down from $20.00) on shares of Albertsons Companies in a report on Tuesday, July 28th. Wells Fargo & Company lowered shares of Albertsons Companies from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $18.00 to $11.00 in a research note on Thursday, July 23rd. Zacks Research cut shares of Albertsons Companies from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Weiss Ratings restated a “sell (d+)” rating on shares of Albertsons Companies in a research note on Wednesday, August 26th. Finally, The Goldman Sachs Group decreased their price objective on Albertsons Companies from $24.00 to $16.00 and set a “buy” rating for the company in a report on Friday, July 24th. Five analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $15.31.

Insider Activity

In other news, EVP Thomas Moriarty bought 170,500 shares of the stock in a transaction dated Monday, July 27th. The shares were bought at an average price of $11.51 per share, for a total transaction of $1,962,455.00. Following the completion of the purchase, the executive vice president owned 308,946 shares in the company, valued at approximately $3,555,968.46. This trade represents a 123.15% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Sharon Mccollam purchased 9,000 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The shares were purchased at an average cost of $11.48 per share, with a total value of $103,320.00. Following the completion of the acquisition, the chief financial officer owned 567,051 shares in the company, valued at $6,509,745.48. The trade was a 1.61% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have bought 218,909 shares of company stock valued at $2,515,826. 1.18% of the stock is owned by insiders.

Albertsons Companies Stock Performance

NYSE ACI opened at $12.53 on Tuesday. The firm has a 50-day moving average of $12.90 and a 200-day moving average of $15.22. The company has a debt-to-equity ratio of 5.22, a quick ratio of 0.21 and a current ratio of 0.84. The stock has a market cap of $6.08 billion, a PE ratio of 156.62, a P/E/G ratio of 2.14 and a beta of 0.37. Albertsons Companies, Inc. has a 52-week low of $10.86 and a 52-week high of $20.00.

Albertsons Companies (NYSE:ACI) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.12). The company had revenue of $24.94 billion during the quarter, compared to analyst estimates of $24.84 billion. Albertsons Companies had a net margin of 0.08% and a return on equity of 45.59%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the company posted $0.55 EPS. Albertsons Companies has set its FY 2026 guidance at 1.750-1.850 EPS. On average, sell-side analysts anticipate that Albertsons Companies, Inc. will post 1.65 EPS for the current year.

Albertsons Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Friday, July 24th were given a $0.17 dividend. The ex-dividend date of this dividend was Friday, July 24th. This represents a $0.68 annualized dividend and a dividend yield of 5.4%. Albertsons Companies’s dividend payout ratio is presently 850.00%.

Albertsons Companies Company Profile

Albertsons Companies, Inc (NYSE: ACI) is one of the largest food and drug retailers in the United States, operating a diversified portfolio of grocery store banners. Founded in 1939 by Joe Albertson in Boise, Idaho, the company has grown through both organic expansion and strategic acquisitions. Its core business activities encompass the sale of fresh produce, meat, bakery items, deli offerings, pharmacy services, and general merchandise. The company’s retail operations are complemented by an in-house private-label program, featuring brands such as O Organics, Open Nature, and Lucerne, which cater to a range of customer preferences and price points.

Throughout its history, Albertsons Companies has pursued growth via mergers and partnerships.