One68 Global Capital LLC Makes New $535,000 Investment in Albertsons Companies, Inc. (NYSE:ACI)

One68 Global Capital LLC purchased a new position in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,249 shares of the company's stock, valued at approximately $535,000.

A number of other institutional investors have also recently bought and sold shares of the business. Eagle Bay Advisors LLC boosted its holdings in Albertsons Companies by 108.4% in the 4th 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 during the period. Capital Advisors Ltd. LLC boosted its position in Albertsons Companies by 225.1% during the 4th quarter. Capital Advisors Ltd. LLC now owns 1,385 shares of the company's stock worth $27,000 after buying an additional 959 shares during the period. EverSource Wealth Advisors LLC raised its position in Albertsons Companies by 316.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the company's stock worth $35,000 after purchasing an additional 1,358 shares during the last quarter. WealthCollab LLC raised its stake in Albertsons Companies by 446.0% during the fourth quarter. WealthCollab LLC now owns 1,780 shares of the company's stock worth $35,000 after buying an additional 1,454 shares during the last quarter. Finally, Ossiam bought a new position in Albertsons Companies during the fourth quarter worth $93,000. Institutional investors and hedge funds own 71.35% of the company's stock.

Albertsons Companies Stock Up 1.1 %

Shares of NYSE:ACI opened at $21.94 on Wednesday. The company has a quick ratio of 0.21, a current ratio of 0.93 and a debt-to-equity ratio of 2.31. The business has a fifty day moving average of $21.37 and a two-hundred day moving average of $20.16. The stock has a market cap of $12.63 billion, a P/E ratio of 12.32, a PEG ratio of 1.92 and a beta of 0.47. 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 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $18.78 billion. During the same period in the prior year, the business posted $0.54 EPS. On average, research analysts expect that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend is Friday, April 25th. Albertsons Companies's dividend payout ratio (DPR) is presently 36.59%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on ACI shares. Telsey Advisory Group reaffirmed an "outperform" rating and set a $26.00 price objective on shares of Albertsons Companies in a report on Friday, April 11th. Royal Bank of Canada reissued an "outperform" rating and issued a $23.00 price target on shares of Albertsons Companies in a report on Wednesday, April 16th. Tigress Financial raised their price target on shares of Albertsons Companies from $27.00 to $28.00 and gave the company a "buy" rating in a report on Thursday, April 24th. 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 report on Thursday, April 17th. Finally, UBS Group decreased their target price on shares of Albertsons Companies from $24.00 to $22.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $23.38.

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.

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