Albertsons Companies Inc (NYSE: ACI) is -17.35% lower on its value in year-to-date trading and has touched a low of $17.80 and a high of $23.47 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ACI stock was last observed hovering at around $18.88 in the last trading session, with the day’s gains setting it 0.13%.
Currently trading at $19.01, the stock is 1.27% and 2.08% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.73 million and changing 0.69% at the moment leaves the stock -4.70% off its SMA200. ACI registered -9.35% loss for a year compared to 6-month loss of -7.90%. The firm has a 50-day simple moving average (SMA 50) of $18.602 and a 200-day simple moving average (SMA200) of $19.9585.
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The stock witnessed a 0.05% gain in the last 1 month and extending the period to 3 months gives it a -8.39%, and is -1.81% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.95% over the week and 2.03% over the month.
Albertsons Companies Inc (ACI) has around 285000 employees, a market worth around $10.89B and $79.71B in sales. Current P/E ratio is 11.08 and Fwd P/E is 8.28. Profit margin for the company is 1.25%. Distance from 52-week low is 6.83% and -19.00% from its 52-week high. The company has generated returns on investments over the last 12 months (6.08%).
The EPS is expected to shrink by -21.16% this year.
Albertsons Companies Inc (ACI) Top Institutional Holders
1.0 institutions hold shares in Albertsons Companies Inc (ACI), with institutional investors hold 86.56% of the company’s shares. The shares outstanding are 576.05M, and float is at 420.02M with Short Float at 2.57%. Institutions hold 73.63% of the Float.
The top institutional shareholder in the company is CERBERUS CAPITAL MANAGEMENT, L.P. with over 151.82 million shares valued at $3.0 billion. The investor’s holdings represent 26.3437% of the ACI Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 36.04 million shares valued at $711.88 million to account for 6.2545 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 21.16 million shares representing 3.672% and valued at over $417.95 million, while NORGES BANK holds 2.445 of the shares totaling 14.09 million with a market value of $278.29 million.
Albertsons Companies Inc (ACI) Insider Activity
The most recent transaction is an insider sale by Larson Robert Bruce, the company’s SVP & Chief Accounting Officer. SEC filings show that Larson Robert Bruce sold 24,362 shares of the company’s common stock on May 01 ’24 at a price of $20.24 per share for a total of $0.49 million. Following the sale, the insider now owns 50241.0 shares.
Albertsons Companies Inc disclosed in a document filed with the SEC on Apr 30 ’24 that DHANDA ANUJ (Chief Tech &Transformation Off) sold a total of 100,000 shares of the company’s common stock. The trade occurred on Apr 30 ’24 and was made at $20.35 per share for $2.04 million. Following the transaction, the insider now directly holds 0.37 million shares of the ACI stock.
