Alpine Global Management LLC Trims Holdings in Albertsons Companies, Inc. (NYSE:ACI)

Alpine Global Management LLC lowered its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 62.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (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 quarter.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Albertsons Companies by 6.9% during the fourth quarter. Vanguard Group Inc. now owns 36,310,122 shares of the company's stock worth $713,131,000 after purchasing an additional 2,347,875 shares during the period. FMR LLC grew its stake in Albertsons Companies by 55.3% in the fourth quarter. FMR LLC now owns 26,150,522 shares of the company's stock valued at $513,596,000 after acquiring an additional 9,308,940 shares during the period. Norges Bank acquired a new stake in Albertsons Companies in the fourth quarter valued at approximately $298,302,000. Parsifal Capital Management LP grew its stake in Albertsons Companies by 19.4% in the fourth quarter. Parsifal Capital Management LP now owns 10,204,862 shares of the company's stock valued at $200,423,000 after acquiring an additional 1,657,981 shares during the period. Finally, Geode Capital Management LLC grew its stake in Albertsons Companies by 4.7% in the fourth quarter. Geode Capital Management LLC now owns 9,491,772 shares of the company's stock valued at $186,211,000 after acquiring an additional 428,506 shares during the period. Institutional investors and hedge funds own 71.35% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on ACI shares. UBS Group reduced their price objective on Albertsons Companies from $24.00 to $22.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Evercore ISI reduced their price objective on Albertsons Companies from $23.00 to $22.00 and set an "in-line" rating for the company in a research note on Thursday, April 17th. The Goldman Sachs Group reissued a "buy" rating and issued a $26.00 price objective on shares of Albertsons Companies in a research note on Tuesday, February 4th. Tigress Financial raised their target price on Albertsons Companies from $27.00 to $28.00 and gave the company a "buy" rating in a report on Thursday, April 24th. Finally, Telsey Advisory Group restated an "outperform" rating and issued a $26.00 target price on shares of Albertsons Companies in a report on Friday, April 11th. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.36.

Albertsons Companies Stock Performance

ACI stock traded up $0.09 during midday trading on Tuesday, hitting $22.19. The company's stock had a trading volume of 4,812,523 shares, compared to its average volume of 4,629,425. The stock's 50-day moving average price is $21.75 and its 200 day moving average price is $20.63. The company has a quick ratio of 0.21, a current ratio of 0.93 and a debt-to-equity ratio of 2.31. Albertsons Companies, Inc. has a 1 year low of $17.00 and a 1 year high of $23.20. The stock has a market cap of $12.78 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 1.92 and a beta of 0.47.

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

Albertsons Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, April 25th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, April 25th. This represents a $0.60 annualized dividend and a dividend yield of 2.70%. Albertsons Companies's payout ratio is presently 36.59%.

Insider Buying and Selling at Albertsons Companies

In other Albertsons Companies news, EVP Omer Gajial sold 47,303 shares of the business's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $21.46, for a total value of $1,015,122.38. Following the sale, the executive vice president now directly owns 162,569 shares in the company, valued at $3,488,730.74. The trade was a 22.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.26% of the company's stock.

Albertsons Companies Company 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.