Engineers Gate Manager LP Grows Position in Albertsons Companies, Inc. $ACI

Engineers Gate Manager LP lifted its position in shares of Albertsons Companies, Inc. (NYSE:ACI) by 47.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 627,998 shares of the company’s stock after purchasing an additional 200,776 shares during the quarter. Engineers Gate Manager LP’s holdings in Albertsons Companies were worth $8,497,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ACI. Norges Bank purchased a new position in Albertsons Companies during the fourth quarter valued at $388,089,000. Morgan Stanley grew its position in shares of Albertsons Companies by 101.0% in the 4th quarter. Morgan Stanley now owns 11,687,694 shares of the company’s stock worth $200,678,000 after buying an additional 5,873,759 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Albertsons Companies by 62.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 13,429,784 shares of the company’s stock worth $230,595,000 after buying an additional 5,159,905 shares during the period. California State Teachers Retirement System increased its stake in shares of Albertsons Companies by 1,007.6% in the 2nd quarter. California State Teachers Retirement System now owns 4,685,128 shares of the company’s stock worth $63,390,000 after acquiring an additional 4,262,129 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Albertsons Companies by 113.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,749,331 shares of the company’s stock worth $81,546,000 after acquiring an additional 2,519,432 shares in the last quarter. 71.35% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Albertsons Companies

In other Albertsons Companies news, CEO Susan Morris acquired 39,409 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The shares were bought at an average cost of $11.42 per share, with a total value of $450,050.78. Following the completion of the transaction, the chief executive officer directly owned 1,092,956 shares of the company’s stock, valued at approximately $12,481,557.52. This represents a 3.74% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sharon Mccollam bought 9,000 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was acquired at an average cost of $11.48 per share, with a total value of $103,320.00. Following the transaction, 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. Insiders have acquired 218,909 shares of company stock valued at $2,515,826 over the last ninety days. Insiders own 1.18% of the company’s stock.

Albertsons Companies Price Performance

Shares of ACI opened at $11.70 on Friday. The company has a market capitalization of $5.68 billion, a P/E ratio of 146.30, a price-to-earnings-growth ratio of 2.02 and a beta of 0.37. The company has a quick ratio of 0.21, a current ratio of 0.84 and a debt-to-equity ratio of 5.22. The firm has a 50 day moving average of $12.78 and a 200 day moving average of $15.09. Albertsons Companies, Inc. has a twelve month low of $10.86 and a twelve month high of $20.00.

Albertsons Companies (NYSE:ACI) last released its quarterly earnings data on Thursday, July 23rd. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.12). The business had revenue of $24.94 billion during the quarter, compared to the consensus estimate of $24.84 billion. Albertsons Companies had a net margin of 0.08% and a return on equity of 45.59%. The business’s revenue was up .2% compared to the same quarter last year. During the same period last year, the company posted $0.55 earnings per share. Albertsons Companies has set its FY 2026 guidance at 1.750-1.850 EPS. As a group, equities research analysts anticipate that Albertsons Companies, Inc. will post 1.65 earnings per share for the current fiscal year.

Albertsons Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Friday, July 24th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend was Friday, July 24th. Albertsons Companies’s dividend payout ratio is presently 850.00%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ACI shares. Zacks Research lowered shares of Albertsons Companies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. BMO Capital Markets downgraded shares of Albertsons Companies from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $23.00 to $12.00 in a research note on Friday, July 24th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Albertsons Companies in a report on Wednesday, August 26th. JPMorgan Chase & Co. dropped their price target on Albertsons Companies from $20.00 to $14.00 and set an “overweight” rating on the stock in a research report on Friday, July 24th. Finally, The Goldman Sachs Group cut their price target on Albertsons Companies from $24.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. Five analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, Albertsons Companies currently has a consensus rating of “Hold” and an average target price of $15.31.

About Albertsons Companies

Albertsons Companies, Inc is a food and drug retailer that operates supermarkets, pharmacies and related omnichannel grocery businesses in the United States. Its stores offer fresh produce, meat and seafood, bakery and deli products, packaged groceries, household goods, health and beauty products, and pharmacy services. The company also provides online ordering, grocery delivery and pickup services through its digital platforms.

Albertsons Companies operates under a portfolio of well-known banners, including Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, ACME, Tom Thumb, Randalls, United Supermarkets, Market Street, Pavilions, Carrs and Haggen.