Lombard Odier Asset Management USA Corp Decreases Stock Position in Albertsons Companies, Inc. (NYSE:ACI)

Lombard Odier Asset Management USA Corp trimmed its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI) by 54.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 84,000 shares of the company’s stock after selling 101,169 shares during the period. Lombard Odier Asset Management USA Corp’s holdings in Albertsons Companies were worth $1,659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Lubert Adler Management Company LP lifted its holdings in Albertsons Companies by 47.1% during the 2nd quarter. Lubert Adler Management Company LP now owns 2,664,735 shares of the company’s stock worth $52,629,000 after buying an additional 852,857 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Albertsons Companies by 40.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,404,574 shares of the company’s stock worth $55,305,000 after buying an additional 692,188 shares during the last quarter. Tidal Investments LLC lifted its holdings in Albertsons Companies by 109.7% during the 1st quarter. Tidal Investments LLC now owns 57,054 shares of the company’s stock worth $1,223,000 after buying an additional 29,849 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Albertsons Companies by 40.1% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 189,083 shares of the company’s stock worth $4,054,000 after buying an additional 54,130 shares during the last quarter. Finally, Swedbank AB lifted its holdings in Albertsons Companies by 166.2% during the 2nd quarter. Swedbank AB now owns 214,192 shares of the company’s stock worth $4,230,000 after buying an additional 133,715 shares during the last quarter. 71.35% of the stock is owned by hedge funds and other institutional investors.

Albertsons Companies Stock Performance

Shares of ACI stock opened at $18.67 on Monday. The stock has a market capitalization of $10.81 billion, a PE ratio of 8.37, a price-to-earnings-growth ratio of 1.02 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. The stock’s 50-day moving average price is $19.68 and its 200 day moving average price is $20.18. The company has a quick ratio of 0.21, a current ratio of 0.88 and a debt-to-equity ratio of 2.67.

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

Albertsons Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, July 26th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 2.57%. The ex-dividend date was Friday, July 26th. Albertsons Companies’s payout ratio is 21.52%.

Analyst Upgrades and Downgrades

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

Albertsons Companies Company Profile

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.