Albertsons Companies, Inc. (NYSE:ACI) Shares Sold by TIG Advisors LLC

TIG Advisors LLC lowered its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 55.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 104,429 shares of the company's stock after selling 128,089 shares during the quarter. TIG Advisors LLC's holdings in Albertsons Companies were worth $2,051,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Eagle Bay Advisors LLC increased its holdings in Albertsons Companies by 108.4% during the fourth quarter. Eagle Bay Advisors LLC now owns 1,346 shares of the company's stock valued at $26,000 after buying an additional 700 shares during the last quarter. Capital Advisors Ltd. LLC increased its stake in shares of Albertsons Companies by 225.1% in the 4th quarter. Capital Advisors Ltd. LLC now owns 1,385 shares of the company's stock worth $27,000 after purchasing an additional 959 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Albertsons Companies by 316.6% in 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 period. Ossiam bought a new position in Albertsons Companies in the 4th quarter worth $93,000. Finally, Steward Partners Investment Advisory LLC lifted its position in Albertsons Companies by 91.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 8,610 shares of the company's stock valued at $169,000 after purchasing an additional 4,101 shares in the last quarter. Institutional investors own 71.35% of the company's stock.

Albertsons Companies Price Performance

Shares of ACI traded down $0.06 during mid-day trading on Friday, hitting $21.95. 4,364,712 shares of the stock were exchanged, compared to its average volume of 4,450,998. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.21 and a current ratio of 0.93. The company has a market cap of $12.64 billion, a PE 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. The firm has a 50-day moving average of $21.45 and a two-hundred day moving average of $20.24.

Albertsons Companies (NYSE:ACI - Get Free Report) last posted its 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 net margin of 1.30% and a return on equity of 44.70%. The firm had revenue of $18.80 billion for the quarter, compared to the consensus estimate of $18.78 billion. During the same period in the previous 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 year.

Albertsons Companies Dividend Announcement

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. The ex-dividend date of this dividend is Friday, April 25th. This represents a $0.60 annualized dividend and a dividend yield of 2.73%. Albertsons Companies's dividend payout ratio (DPR) is 36.59%.

Analyst Ratings Changes

A number of analysts have commented on the company. UBS Group reduced their price target on Albertsons Companies from $24.00 to $22.00 and set a "neutral" rating for the company in a research report on Wednesday, April 16th. Tigress Financial raised their target price 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. Telsey Advisory Group reiterated an "outperform" rating and issued a $26.00 price target on shares of Albertsons Companies in a research report on Friday, April 11th. Royal Bank of Canada restated an "outperform" rating and set a $23.00 target price on shares of Albertsons Companies in a research note on Wednesday, April 16th. Finally, Citigroup started coverage on shares of Albertsons Companies in a report on Friday, January 24th. They issued a "buy" rating and a $26.00 target price for the company. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $23.93.

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.