Susquehanna Fundamental Investments LLC Invests $1.06 Million in Albertsons Companies, Inc. (NYSE:ACI)

Susquehanna Fundamental Investments LLC bought a new stake in Albertsons Companies, Inc. (NYSE:ACI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 54,050 shares of the company's stock, valued at approximately $1,062,000.

Several other large investors also recently bought and sold shares of ACI. Credit Industriel ET Commercial purchased a new position in shares of Albertsons Companies in the 4th quarter worth $1,355,000. Dendur Capital LP purchased a new position in Albertsons Companies in the fourth quarter worth about $49,100,000. Stifel Financial Corp bought a new stake in Albertsons Companies during the fourth quarter worth approximately $426,000. Tower Research Capital LLC TRC raised its position in Albertsons Companies by 106.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 12,259 shares of the company's stock valued at $241,000 after purchasing an additional 6,316 shares during the period. Finally, Ossiam purchased a new stake in Albertsons Companies during the fourth quarter valued at approximately $93,000. Institutional investors own 71.35% of the company's stock.

Analysts Set New Price Targets

ACI has been the topic of several recent research reports. Royal Bank of Canada restated an "outperform" rating and set a $23.00 price target on shares of Albertsons Companies in a report on Wednesday, April 16th. The Goldman Sachs Group restated a "buy" rating and issued a $26.00 target price on shares of Albertsons Companies in a report on Tuesday, February 4th. JPMorgan Chase & Co. upped their price target on shares of Albertsons Companies from $24.00 to $31.00 and gave the company an "overweight" rating in a report on Thursday. Tigress Financial raised their price objective on shares of Albertsons Companies from $27.00 to $28.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. Finally, Citigroup began coverage on Albertsons Companies in a research note on Friday, January 24th. They set a "buy" rating and a $26.00 target price on the stock. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $23.93.

Albertsons Companies Stock Down 0.3 %

Shares of Albertsons Companies stock traded down $0.06 during trading on Friday, hitting $21.95. 4,364,712 shares of the stock traded hands, compared to its average volume of 4,450,998. The company has a current ratio of 0.93, a quick ratio of 0.21 and a debt-to-equity ratio of 2.31. The stock's fifty day simple moving average is $21.45 and its 200 day simple moving average is $20.25. The firm has a market cap of $12.64 billion, a P/E ratio of 12.33, a price-to-earnings-growth 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 posted its earnings results on Tuesday, April 15th. The company reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.06. Albertsons Companies had a net margin of 1.30% and a return on equity of 44.70%. The business had revenue of $18.80 billion for the quarter, compared to the consensus estimate of $18.78 billion. During the same quarter last year, the firm posted $0.54 EPS. On average, equities analysts predict that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.73%. The ex-dividend date is Friday, April 25th. Albertsons Companies's payout ratio is 36.59%.

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.