Versor Investments LP Has $2.64 Million Position in Albertsons Companies, Inc. (NYSE:ACI)

Versor Investments LP cut its position in shares of Albertsons Companies, Inc. (NYSE:ACI) by 4.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 133,897 shares of the company’s stock after selling 6,648 shares during the period. Albertsons Companies accounts for 0.5% of Versor Investments LP’s portfolio, making the stock its 21st largest holding. Versor Investments LP’s holdings in Albertsons Companies were worth $2,644,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of ACI. Vanguard Group Inc. increased its position in Albertsons Companies by 1.0% during the first quarter. Vanguard Group Inc. now owns 33,160,009 shares of the company’s stock worth $710,951,000 after buying an additional 335,783 shares during the last quarter. Norges Bank acquired a new position in shares of Albertsons Companies during the 4th quarter worth approximately $312,510,000. LSV Asset Management raised its stake in Albertsons Companies by 1.7% in the 1st quarter. LSV Asset Management now owns 5,078,407 shares of the company’s stock valued at $108,881,000 after acquiring an additional 85,707 shares during the period. Alpine Associates Management Inc. lifted its holdings in Albertsons Companies by 3.1% during the 4th quarter. Alpine Associates Management Inc. now owns 4,401,418 shares of the company’s stock valued at $101,233,000 after purchasing an additional 133,900 shares during the last quarter. Finally, Segantii Capital Management Ltd lifted its holdings in Albertsons Companies by 23.7% during the 4th quarter. Segantii Capital Management Ltd now owns 4,125,207 shares of the company’s stock valued at $94,880,000 after purchasing an additional 790,207 shares during the last quarter. 71.35% of the stock is owned by institutional investors.

Albertsons Companies Stock Performance

Shares of NYSE ACI traded down $0.50 during trading hours on Monday, reaching $19.62. 6,488,800 shares of the stock were exchanged, compared to its average volume of 2,907,960. The stock’s fifty day simple moving average is $19.96 and its 200 day simple moving average is $20.40. The firm has a market capitalization of $11.36 billion, a price-to-earnings ratio of 8.80, a P/E/G ratio of 1.08 and a beta of 0.49. Albertsons Companies, Inc. has a 52 week low of $19.25 and a 52 week high of $23.88. The company has a debt-to-equity ratio of 2.67, a quick ratio of 0.21 and a current ratio of 0.88.

Albertsons Companies (NYSE:ACI) last posted its quarterly earnings data on Tuesday, July 23rd. The company reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.01). Albertsons Companies had a return on equity of 56.01% and a net margin of 1.41%. The firm had revenue of $24.27 billion for the quarter, compared to the consensus estimate of $24.16 billion. During the same quarter in the previous year, the business earned $0.89 EPS. The firm’s quarterly revenue was up .9% on a year-over-year basis. Sell-side analysts predict that Albertsons Companies, Inc. will post 2.26 EPS for the current year.

Albertsons Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, July 26th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend was Friday, July 26th. Albertsons Companies’s dividend payout ratio (DPR) is 21.52%.

Analyst Ratings Changes

Separately, Telsey Advisory Group reiterated a “market perform” rating and issued a $27.25 price objective on shares of Albertsons Companies in a report on Thursday, July 18th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $24.45.

About Albertsons Companies

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.