Albertsons Companies, Inc. (NYSE:ACI) Shares Sold by Alpine Global Management LLC

Alpine Global Management LLC decreased its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 62.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 75,000 shares of the company's stock after selling 125,000 shares during the period. Alpine Global Management LLC's holdings in Albertsons Companies were worth $1,473,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Eagle Bay Advisors LLC boosted its position in Albertsons Companies by 108.4% during the fourth quarter. Eagle Bay Advisors LLC now owns 1,346 shares of the company's stock valued at $26,000 after purchasing an additional 700 shares in the last quarter. Capital Advisors Ltd. LLC boosted its holdings in shares of Albertsons Companies by 225.1% in the 4th quarter. Capital Advisors Ltd. LLC now owns 1,385 shares of the company's stock valued at $27,000 after buying an additional 959 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Albertsons Companies by 316.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the company's stock valued at $35,000 after buying an additional 1,358 shares in the last quarter. Ossiam purchased a new position in shares of Albertsons Companies in the 4th quarter worth approximately $93,000. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of Albertsons Companies by 91.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,610 shares of the company's stock worth $169,000 after acquiring an additional 4,101 shares in the last quarter. 71.35% of the stock is owned by hedge funds and other institutional investors.

Albertsons Companies Stock Performance

Shares of NYSE ACI traded down $0.46 during trading on Friday, reaching $21.90. 5,822,704 shares of the company traded hands, compared to its average volume of 4,390,973. The stock has a market cap of $12.61 billion, a P/E ratio of 12.30, a PEG ratio of 1.92 and a beta of 0.47. The firm's fifty day simple moving average is $21.32 and its 200 day simple moving average is $20.12. The company has a current ratio of 0.93, a quick ratio of 0.21 and a debt-to-equity ratio of 2.31. Albertsons Companies, Inc. has a 12-month low of $17.00 and a 12-month high of $23.20.

Albertsons Companies (NYSE:ACI - Get Free Report) last announced its quarterly earnings results on Tuesday, April 15th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.06. The company had revenue of $18.80 billion during the quarter, compared to the consensus estimate of $18.78 billion. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. During the same period in the previous year, the company posted $0.54 earnings per share. As a group, research analysts anticipate that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 25th will be issued a $0.15 dividend. The ex-dividend date is Friday, April 25th. This represents a $0.60 dividend on an annualized basis and a yield of 2.74%. Albertsons Companies's payout ratio is 36.59%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ACI shares. Royal Bank of Canada reaffirmed an "outperform" rating and set a $23.00 price target on shares of Albertsons Companies in a research report on Wednesday, April 16th. Telsey Advisory Group restated an "outperform" rating and set a $26.00 target price on shares of Albertsons Companies in a research note on Friday, April 11th. The Goldman Sachs Group reiterated a "buy" rating and issued a $26.00 price target on shares of Albertsons Companies in a research note on Tuesday, February 4th. Tigress Financial upped their price objective on shares of Albertsons Companies from $27.00 to $28.00 and gave the company a "buy" rating in a report on Thursday. Finally, UBS Group decreased their price objective on shares of Albertsons Companies from $24.00 to $22.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Albertsons Companies presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.38.

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.