Qsemble Capital Management LP Sells 2,695 Shares of Albertsons Companies, Inc. (NYSE:ACI)

Qsemble Capital Management LP lowered its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI) by 5.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,361 shares of the company’s stock after selling 2,695 shares during the quarter. Qsemble Capital Management LP’s holdings in Albertsons Companies were worth $820,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. Massachusetts Financial Services Co. MA lifted its holdings in shares of Albertsons Companies by 25.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,170,601 shares of the company’s stock valued at $114,033,000 after acquiring an additional 1,239,978 shares during the last quarter. Marshall Wace LLP boosted its holdings in Albertsons Companies by 8.0% during the 2nd quarter. Marshall Wace LLP now owns 4,923,324 shares of the company’s stock valued at $97,236,000 after acquiring an additional 362,813 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Albertsons Companies by 25.0% during the second quarter. Dimensional Fund Advisors LP now owns 4,624,692 shares of the company’s stock valued at $91,337,000 after purchasing an additional 924,519 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Albertsons Companies by 38.7% in the second quarter. Bank of New York Mellon Corp now owns 3,426,264 shares of the company’s stock worth $67,669,000 after purchasing an additional 956,744 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Albertsons Companies by 4.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,668,903 shares of the company’s stock worth $49,321,000 after buying an additional 118,855 shares during the period. Institutional investors own 71.35% of the company’s stock.

Albertsons Companies Stock Up 0.8 %

Albertsons Companies stock opened at $19.54 on Wednesday. The business’s 50-day moving average price is $18.68 and its 200 day moving average price is $19.51. The company has a quick ratio of 0.22, a current ratio of 0.90 and a debt-to-equity ratio of 2.58. The firm has a market cap of $11.32 billion, a price-to-earnings ratio of 11.43, a price-to-earnings-growth ratio of 1.13 and a beta of 0.49. Albertsons Companies, Inc. has a 52 week low of $17.80 and a 52 week high of $23.47.

Albertsons Companies (NYSE:ACI) last announced its quarterly earnings results on Tuesday, October 15th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. Albertsons Companies had a net margin of 1.25% and a return on equity of 49.50%. The firm had revenue of $18.55 billion for the quarter, compared to the consensus estimate of $18.47 billion. During the same period in the prior year, the firm posted $0.60 earnings per share. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Albertsons Companies, Inc. will post 2.13 earnings per share for the current year.

Albertsons Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Monday, October 28th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.46%. The ex-dividend date was Monday, October 28th. Albertsons Companies’s payout ratio is 28.07%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ACI. Melius upgraded Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Monday, October 21st. Wells Fargo & Company reissued a “market perform” rating on shares of Albertsons Companies in a report on Friday, October 18th. Tigress Financial reiterated a “buy” rating and issued a $27.00 price target on shares of Albertsons Companies in a report on Monday, October 21st. BMO Capital Markets decreased their price objective on Albertsons Companies from $21.00 to $19.00 and set a “market perform” rating for the company in a research note on Wednesday, October 16th. Finally, Melius Research upgraded Albertsons Companies from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Monday, October 21st. Four research 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 has a consensus rating of “Moderate Buy” and an average price target 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.