Segantii Capital Management Ltd Has $94.88 Million Stake in Albertsons Companies, Inc. (NYSE:ACI)

Segantii Capital Management Ltd grew its position in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 23.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,125,207 shares of the company's stock after acquiring an additional 790,207 shares during the period. Albertsons Companies comprises approximately 5.0% of Segantii Capital Management Ltd's investment portfolio, making the stock its 3rd biggest position. Segantii Capital Management Ltd owned approximately 0.72% of Albertsons Companies worth $94,880,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of ACI. NBC Securities Inc. acquired a new position in shares of Albertsons Companies during the 3rd quarter worth about $28,000. Blue Trust Inc. grew its stake in Albertsons Companies by 255.1% during the 4th quarter. Blue Trust Inc. now owns 1,463 shares of the company's stock valued at $34,000 after acquiring an additional 1,051 shares in the last quarter. Van ECK Associates Corp purchased a new stake in Albertsons Companies during the 3rd quarter valued at about $52,000. CI Investments Inc. grew its stake in Albertsons Companies by 21.8% during the 3rd quarter. CI Investments Inc. now owns 4,373 shares of the company's stock valued at $99,000 after acquiring an additional 783 shares in the last quarter. Finally, Beverly Hills Private Wealth LLC purchased a new stake in Albertsons Companies during the 3rd quarter valued at about $202,000. Institutional investors and hedge funds own 71.35% of the company's stock.

Albertsons Companies Trading Down 0.2 %

Shares of Albertsons Companies stock traded down $0.04 during mid-day trading on Thursday, hitting $20.70. The stock had a trading volume of 1,531,893 shares, compared to its average volume of 3,273,413. The firm has a 50-day moving average of $20.70 and a two-hundred day moving average of $21.46. Albertsons Companies, Inc. has a 12-month low of $19.84 and a 12-month high of $23.88. The company has a quick ratio of 0.18, a current ratio of 0.84 and a debt-to-equity ratio of 2.83. The firm has a market cap of $11.95 billion, a P/E ratio of 9.28, a price-to-earnings-growth ratio of 1.05 and a beta of 0.51.

Albertsons Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 26th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.32%. Albertsons Companies's payout ratio is currently 21.52%.

Insider Buying and Selling

In related news, insider Anuj Dhanda sold 100,000 shares of the stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $20.35, for a total transaction of $2,035,000.00. Following the completion of the transaction, the insider now owns 365,297 shares of the company's stock, valued at approximately $7,433,793.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Albertsons Companies news, CAO Robert Bruce Larson sold 24,362 shares of the firm's stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $20.24, for a total value of $493,086.88. Following the completion of the transaction, the chief accounting officer now owns 50,241 shares of the company's stock, valued at approximately $1,016,877.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Anuj Dhanda sold 100,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $20.35, for a total transaction of $2,035,000.00. Following the completion of the transaction, the insider now directly owns 365,297 shares of the company's stock, valued at approximately $7,433,793.95. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Evercore ISI dropped their price objective on shares of Albertsons Companies from $23.00 to $22.00 and set an "in-line" rating for the company in a research note on Tuesday, April 16th. Royal Bank of Canada dropped their price objective on shares of Albertsons Companies from $23.00 to $22.00 and set an "outperform" rating for the company in a research note on Tuesday, April 23rd. Tigress Financial reaffirmed a "buy" rating and set a $27.00 price objective on shares of Albertsons Companies in a research note on Friday, January 12th. Telsey Advisory Group reissued a "market perform" rating and issued a $27.25 price target on shares of Albertsons Companies in a research note on Tuesday, April 23rd. Finally, Roth Capital raised shares of Albertsons Companies from a "neutral" rating to a "buy" rating in a research note on Tuesday, April 23rd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $24.45.

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.