Alyeska Investment Group L.P. Purchases New Holdings in Albertsons Companies, Inc. (NYSE:ACI)

Alyeska Investment Group L.P. purchased a new position in Albertsons Companies, Inc. (NYSE:ACI - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 81,019 shares of the company's stock, valued at approximately $1,591,000.

Other large investors also recently bought and sold shares of the company. Anson Funds Management LP lifted its holdings in shares of Albertsons Companies by 122.0% in the 4th quarter. Anson Funds Management LP now owns 2,642,101 shares of the company's stock worth $51,891,000 after buying an additional 1,451,936 shares during the period. Mercer Global Advisors Inc. ADV purchased a new stake in Albertsons Companies in the fourth quarter worth about $269,000. One68 Global Capital LLC purchased a new stake in Albertsons Companies in the fourth quarter worth about $535,000. Rehmann Capital Advisory Group increased its position in Albertsons Companies by 4.9% during the 4th quarter. Rehmann Capital Advisory Group now owns 24,765 shares of the company's stock valued at $486,000 after purchasing an additional 1,153 shares during the period. Finally, WealthCollab LLC raised its holdings in shares of Albertsons Companies by 446.0% in the 4th quarter. WealthCollab LLC now owns 1,780 shares of the company's stock valued at $35,000 after purchasing an additional 1,454 shares in the last quarter. Hedge funds and other institutional investors own 71.35% of the company's stock.

Albertsons Companies Trading Down 2.2%

Shares of NYSE ACI traded down $0.50 during trading on Monday, reaching $21.97. The stock had a trading volume of 1,529,921 shares, compared to its average volume of 4,514,689. The company has a market cap of $12.65 billion, a P/E ratio of 12.35, a PEG ratio of 1.92 and a beta of 0.47. Albertsons Companies, Inc. has a fifty-two week low of $17.00 and a fifty-two week high of $23.20. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.21 and a current ratio of 0.93. The business's 50-day moving average price is $21.61 and its 200-day moving average price is $20.37.

Albertsons Companies (NYSE:ACI - Get Free Report) last released its earnings results on Tuesday, April 15th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.06. The company had revenue of $18.80 billion for the quarter, compared to analyst estimates of $18.78 billion. Albertsons Companies had a net margin of 1.30% and a return on equity of 44.70%. During the same period in the prior year, the business earned $0.54 EPS. On average, equities research analysts predict that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 25th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.73%. The ex-dividend date was Friday, April 25th. Albertsons Companies's dividend payout ratio (DPR) is presently 36.59%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. UBS Group cut their target price on Albertsons Companies from $24.00 to $22.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $23.00 target price on shares of Albertsons Companies in a research note on Wednesday, April 16th. JPMorgan Chase & Co. increased their price objective on Albertsons Companies from $24.00 to $31.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Evercore ISI reduced their target price on shares of Albertsons Companies from $23.00 to $22.00 and set an "in-line" rating for the company in a research report on Thursday, April 17th. Finally, Tigress Financial boosted their price target on shares of Albertsons Companies from $27.00 to $28.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $24.36.

Albertsons Companies 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.