ClearAlpha Technologies LP Sells 183,622 Shares of Albertsons Companies, Inc. (NYSE:ACI)

ClearAlpha Technologies LP reduced its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI) by 42.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 253,456 shares of the company’s stock after selling 183,622 shares during the quarter. Albertsons Companies accounts for about 1.3% of ClearAlpha Technologies LP’s holdings, making the stock its 18th biggest holding. ClearAlpha Technologies LP’s holdings in Albertsons Companies were worth $4,684,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Signaturefd LLC boosted its stake in shares of Albertsons Companies by 108.4% in the 2nd quarter. Signaturefd LLC now owns 2,365 shares of the company’s stock valued at $47,000 after purchasing an additional 1,230 shares in the last quarter. Blue Trust Inc. boosted its position in Albertsons Companies by 2,948.4% in the second quarter. Blue Trust Inc. now owns 2,896 shares of the company’s stock valued at $62,000 after buying an additional 2,801 shares in the last quarter. Intact Investment Management Inc. bought a new stake in shares of Albertsons Companies during the second quarter worth $126,000. Acadian Asset Management LLC acquired a new position in shares of Albertsons Companies during the second quarter worth $150,000. Finally, Headlands Technologies LLC lifted its stake in shares of Albertsons Companies by 2,243.9% in the 2nd quarter. Headlands Technologies LLC now owns 8,977 shares of the company’s stock valued at $177,000 after acquiring an additional 8,594 shares during the last quarter. 71.35% of the stock is owned by institutional investors and hedge funds.

Albertsons Companies Trading Up 1.2 %

ACI opened at $19.85 on Monday. The company has a fifty day moving average price of $18.76 and a two-hundred day moving average price of $19.49. Albertsons Companies, Inc. has a 1-year low of $17.80 and a 1-year high of $23.47. The company has a market cap of $11.50 billion, a P/E ratio of 11.61, a price-to-earnings-growth ratio of 1.16 and a beta of 0.49. The company has a current ratio of 0.90, a quick ratio of 0.22 and a debt-to-equity ratio of 2.58.

Albertsons Companies (NYSE:ACI) last issued its earnings results on Tuesday, October 15th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.48 by $0.03. Albertsons Companies had a return on equity of 49.50% and a net margin of 1.25%. The company had revenue of $18.55 billion during the quarter, compared to the consensus estimate of $18.47 billion. During the same period last year, the business posted $0.60 EPS. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. Analysts predict that Albertsons Companies, Inc. will post 2.13 EPS for the current fiscal year.

Albertsons Companies Announces Dividend

The company also recently announced 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. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date was Monday, October 28th. Albertsons Companies’s payout ratio is 28.07%.

Analysts Set New Price Targets

A number of analysts have recently commented on ACI shares. Tigress Financial reissued a “buy” rating and set a $27.00 price target on shares of Albertsons Companies in a research note on Monday, October 21st. BMO Capital Markets decreased their price target on shares of Albertsons Companies from $21.00 to $19.00 and set a “market perform” rating for the company in a research report on Wednesday, October 16th. Melius upgraded shares of Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Monday, October 21st. Telsey Advisory Group restated a “market perform” rating and issued a $27.25 price objective on shares of Albertsons Companies in a report on Friday, October 11th. Finally, Wells Fargo & Company reiterated a “market perform” rating on shares of Albertsons Companies in a research report on Friday, October 18th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $23.58.

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.