Engineers Gate Manager LP Acquires 200,776 Shares of Albertsons Companies, Inc. $ACI

Engineers Gate Manager LP increased its holdings in Albertsons Companies, Inc. (NYSE:ACI) by 47.0% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 627,998 shares of the company’s stock after purchasing an additional 200,776 shares during the period. Engineers Gate Manager LP owned approximately 0.13% of Albertsons Companies worth $8,497,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Goldman Sachs Group Inc. grew its stake in shares of Albertsons Companies by 109.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,542,468 shares of the company’s stock valued at $33,919,000 after buying an additional 806,336 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of Albertsons Companies in the 1st quarter valued at about $1,090,000. M&T Bank Corp boosted its holdings in Albertsons Companies by 21.4% during the 2nd quarter. M&T Bank Corp now owns 14,364 shares of the company’s stock valued at $308,000 after acquiring an additional 2,528 shares during the period. First Trust Advisors LP grew its position in Albertsons Companies by 39.3% during the 2nd quarter. First Trust Advisors LP now owns 504,944 shares of the company’s stock worth $10,861,000 after acquiring an additional 142,457 shares during the last quarter. Finally, Bank of Nova Scotia grew its position in Albertsons Companies by 5.4% during the 2nd quarter. Bank of Nova Scotia now owns 14,041 shares of the company’s stock worth $302,000 after acquiring an additional 723 shares during the last quarter. Institutional investors own 71.35% of the company’s stock.

Albertsons Companies Trading Down 1.2%

NYSE ACI opened at $11.70 on Friday. The stock has a market cap 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. Albertsons Companies, Inc. has a fifty-two week low of $10.86 and a fifty-two week high of $20.00. The stock has a 50 day simple moving average of $12.78 and a two-hundred day simple moving average of $15.09. The company has a debt-to-equity ratio of 5.22, a quick ratio of 0.21 and a current ratio of 0.84.

Albertsons Companies (NYSE:ACI) last posted its earnings results 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 for the quarter, compared to analysts’ expectations of $24.84 billion. Albertsons Companies had a net margin of 0.08% and a return on equity of 45.59%. Albertsons Companies’s quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the firm posted $0.55 earnings per share. Albertsons Companies has set its FY 2026 guidance at 1.750-1.850 EPS. On average, analysts forecast that Albertsons Companies, Inc. will post 1.65 earnings per share for the current year.

Albertsons Companies Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. UBS Group reiterated a “neutral” rating and issued a $12.00 price objective (down from $20.00) on shares of Albertsons Companies in a research report on Tuesday, July 28th. Weiss Ratings restated a “sell (d+)” rating on shares of Albertsons Companies in a report on Wednesday, August 26th. Zacks Research downgraded shares of Albertsons Companies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Telsey Advisory Group reiterated a “market perform” rating and set a $13.00 price target (down from $22.00) on shares of Albertsons Companies in a report on Friday, July 24th. Finally, Royal Bank Of Canada dropped their price target on shares of Albertsons Companies from $20.00 to $13.00 and set an “outperform” rating for the company in a research report on Friday, July 24th. Five analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, Albertsons Companies currently has a consensus rating of “Hold” and an average target price of $15.31.

Insiders Place Their Bets

In related news, EVP Thomas M. Moriarty bought 170,500 shares of the business’s stock in a transaction dated Monday, July 27th. The shares were purchased at an average price of $11.51 per share, with a total value of $1,962,455.00. Following the purchase, the executive vice president owned 308,946 shares of the company’s stock, valued at approximately $3,555,968.46. This trade represents a 123.15% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Susan Morris purchased 39,409 shares of Albertsons Companies stock in a transaction that occurred on Tuesday, July 28th. The shares were bought at an average price of $11.42 per share, for a total transaction of $450,050.78. Following the transaction, the chief executive officer directly owned 1,092,956 shares of the company’s stock, valued at $12,481,557.52. This trade represents a 3.74% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders purchased 218,909 shares of company stock worth $2,515,826. 1.18% of the stock is currently owned by corporate insiders.

Albertsons Companies Company Profile

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.