5 Best Affordable Stocks Under $30

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In this piece, we’ll take a look at the 5 Best Affordable Stocks Under $30. For more such companies, go to 15 Best Affordable Stocks Under $30.

5. Albertsons Companies, Inc. (NYSE:ACI)

Price as of December 01: $20.97

Forward P/E ratio as of December 01: 6.99

Number of Hedge Fund Holders: 34

Albertsons Companies, Inc. (NYSE:ACI) is a major grocery and drug retailer in the United States. Groceries, general merchandise, beauty and health care products, pharmacy, petrol, and other things and services are available at the company’s food and drug retail outlets.

Albertsons Companies, Inc. (NYSE:ACI) reported results for the second quarter of 2022 on October 18, 2022. The company’s revenue stood at $17.9 billion during the quarter, while the Normalized EPS was reported at $0.72.

As per Insider Monkey’s database, 34 hedge funds remained bullish on Albertsons Companies, Inc. (NYSE:ACI) at the end of the third quarter. Cerberus Capital Management had the biggest stake in the company at the end of the third quarter.

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