Headlands Technologies LLC Has $177,000 Holdings in Albertsons Companies, Inc. (NYSE:ACI)

Headlands Technologies LLC raised its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI) by 2,243.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,977 shares of the company’s stock after buying an additional 8,594 shares during the quarter. Headlands Technologies LLC’s holdings in Albertsons Companies were worth $177,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of 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 in the fourth quarter valued at $312,510,000. LSV Asset Management raised its stake in shares of Albertsons Companies by 1.7% in the first quarter. LSV Asset Management now owns 5,078,407 shares of the company’s stock valued at $108,881,000 after purchasing an additional 85,707 shares in the last quarter. Bank of New York Mellon Corp raised its stake 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 valued at $67,669,000 after purchasing an additional 956,744 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its stake in shares of Albertsons Companies by 25.9% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,773,261 shares of the company’s stock valued at $63,785,000 after purchasing an additional 569,770 shares in the last quarter. 71.35% of the stock is currently owned by institutional investors and hedge funds.

Albertsons Companies Stock Performance

Shares of NYSE:ACI opened at $19.06 on Friday. The business’s fifty day moving average price is $19.77 and its two-hundred day moving average price is $20.23. Albertsons Companies, Inc. has a fifty-two week low of $17.80 and a fifty-two week high of $23.77. The stock has a market capitalization of $11.04 billion, a price-to-earnings ratio of 8.55, a price-to-earnings-growth ratio of 1.02 and a beta of 0.49. The company has a debt-to-equity ratio of 2.67, a current ratio of 0.88 and a quick ratio of 0.21.

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

Albertsons Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend was Friday, July 26th. Albertsons Companies’s payout ratio is presently 21.52%.

Wall Street Analysts Forecast Growth

Separately, Telsey Advisory Group restated a “market perform” rating and issued a $27.25 target price on shares of Albertsons Companies in a research note on Thursday, July 18th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus 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.