FNY Investment Advisers LLC Has $294,000 Holdings in Albertsons Companies, Inc. (NYSE:ACI)

FNY Investment Advisers LLC decreased its stake in shares of Albertsons Companies, Inc. (NYSE:ACI) by 77.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 13,500 shares of the company’s stock after selling 46,000 shares during the period. FNY Investment Advisers LLC’s holdings in Albertsons Companies were worth $294,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Gradient Investments LLC acquired a new position in Albertsons Companies during the second quarter valued at approximately $43,000. Resurgent Financial Advisors LLC acquired a new position in Albertsons Companies in the 4th quarter valued at $45,000. Fortis Capital Advisors LLC bought a new position in Albertsons Companies in the 4th quarter worth $51,000. Ameritas Advisory Services LLC acquired a new position in Albertsons Companies during the 1st quarter worth $52,000. Finally, Quent Capital LLC boosted its holdings in Albertsons Companies by 35.4% during the first quarter. Quent Capital LLC now owns 2,705 shares of the company’s stock valued at $56,000 after acquiring an additional 707 shares during the period. 68.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Telsey Advisory Group reissued a “market perform” rating and set a $27.25 price objective on shares of Albertsons Companies in a research report on Wednesday, July 26th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Albertsons Companies presently has an average rating of “Hold” and an average price target of $25.03.

Albertsons Companies Stock Performance

Shares of NYSE:ACI traded up $0.04 during trading on Friday, hitting $23.54. 17,073,025 shares of the stock were exchanged, compared to its average volume of 3,931,746. The company has a market capitalization of $13.55 billion, a price-to-earnings ratio of 11.48, a price-to-earnings-growth ratio of 1.10 and a beta of 0.57. The company has a debt-to-equity ratio of 3.91, a quick ratio of 0.16 and a current ratio of 0.78. Albertsons Companies, Inc. has a 1-year low of $19.14 and a 1-year high of $29.19. The company’s fifty day simple moving average is $22.20 and its 200-day simple moving average is $21.19.

Albertsons Companies (NYSE:ACI) last posted its quarterly earnings results on Tuesday, July 25th. The company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.09. The firm had revenue of $24.05 billion for the quarter, compared to the consensus estimate of $23.89 billion. Albertsons Companies had a net margin of 1.85% and a return on equity of 82.79%. Sell-side analysts expect that Albertsons Companies, Inc. will post 2.71 EPS for the current fiscal year.

Albertsons Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 10th. Investors of record on Wednesday, July 26th were paid a $0.12 dividend. The ex-dividend date was Tuesday, July 25th. This represents a $0.48 dividend on an annualized basis and a yield of 2.04%. Albertsons Companies’s payout ratio is currently 23.41%.

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.