Bayesian Capital Management LP Invests $232,000 in Albertsons Companies, Inc. (NYSE:ACI)

Bayesian Capital Management LP purchased a new position in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 11,800 shares of the company's stock, valued at approximately $232,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ACI. Beverly Hills Private Wealth LLC lifted its position in shares of Albertsons Companies by 10.3% during the fourth quarter. Beverly Hills Private Wealth LLC now owns 176,713 shares of the company's stock worth $3,471,000 after purchasing an additional 16,475 shares in the last quarter. BNP Paribas Financial Markets purchased a new stake in Albertsons Companies during the 4th quarter worth $6,348,000. Ameriprise Financial Inc. boosted its position in Albertsons Companies by 136.2% in the 4th quarter. Ameriprise Financial Inc. now owns 180,861 shares of the company's stock valued at $3,552,000 after buying an additional 104,302 shares during the last quarter. Alyeska Investment Group L.P. acquired a new stake in shares of Albertsons Companies during the fourth quarter valued at about $1,591,000. Finally, Anson Funds Management LP increased its position in shares of Albertsons Companies by 122.0% during the fourth quarter. Anson Funds Management LP now owns 2,642,101 shares of the company's stock worth $51,891,000 after acquiring an additional 1,451,936 shares during the last quarter. Hedge funds and other institutional investors own 71.35% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ACI shares. Telsey Advisory Group restated an "outperform" rating and set a $26.00 price objective on shares of Albertsons Companies in a research note on Friday, April 11th. BMO Capital Markets upgraded shares of Albertsons Companies from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $19.00 to $25.00 in a research note on Wednesday. Royal Bank of Canada reiterated an "outperform" rating and set a $23.00 price objective on shares of Albertsons Companies in a research note on Wednesday, April 16th. The Goldman Sachs Group reissued a "buy" rating and issued a $26.00 target price on shares of Albertsons Companies in a research report on Tuesday, February 4th. Finally, Citigroup initiated coverage on shares of Albertsons Companies in a research report on Friday, January 24th. They set a "buy" rating and a $26.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Albertsons Companies currently has a consensus rating of "Moderate Buy" and an average price target of $24.36.

Albertsons Companies Stock Performance

ACI traded up $0.16 during trading on Friday, reaching $22.48. 4,399,049 shares of the company were exchanged, compared to its average volume of 4,525,821. The stock has a market cap of $12.94 billion, a P/E ratio of 12.63, a PEG ratio of 1.92 and a beta of 0.47. The firm has a 50 day moving average of $21.61 and a 200 day moving average of $20.37. 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 52 week low of $17.00 and a 52 week high of $23.20.

Albertsons Companies (NYSE:ACI - Get Free Report) last released its quarterly earnings results on Tuesday, April 15th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.40 by $0.06. The business had revenue of $18.80 billion during 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 quarter in the prior year, the firm earned $0.54 earnings per share. On average, sell-side analysts forecast that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, April 25th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, April 25th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.67%. Albertsons Companies's dividend payout ratio (DPR) is presently 36.59%.

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.