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

Whitebox Advisors LLC lowered its stake in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 62.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 503,831 shares of the company's stock after selling 853,851 shares during the quarter. Whitebox Advisors LLC owned 0.09% of Albertsons Companies worth $9,895,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. One68 Global Capital LLC purchased a new position in Albertsons Companies in the fourth quarter worth approximately $535,000. Rehmann Capital Advisory Group grew its stake in shares of Albertsons Companies by 4.9% during the fourth quarter. Rehmann Capital Advisory Group now owns 24,765 shares of the company's stock worth $486,000 after purchasing an additional 1,153 shares in the last quarter. WealthCollab LLC increased its holdings in Albertsons Companies by 446.0% in the fourth quarter. WealthCollab LLC now owns 1,780 shares of the company's stock valued at $35,000 after buying an additional 1,454 shares during the last quarter. AQR Capital Management LLC increased its holdings in Albertsons Companies by 438.9% in the fourth quarter. AQR Capital Management LLC now owns 278,009 shares of the company's stock valued at $5,460,000 after buying an additional 226,419 shares during the last quarter. Finally, Candlestick Capital Management LP acquired a new stake in Albertsons Companies in the fourth quarter valued at $30,376,000. 71.35% of the stock is currently owned by hedge funds and other institutional investors.

Albertsons Companies Stock Performance

Shares of Albertsons Companies stock traded down $0.06 during trading hours on Friday, hitting $21.95. 4,364,712 shares of the company were exchanged, 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 business has a 50-day moving average of $21.45 and a 200-day moving average of $20.24. Albertsons Companies, Inc. has a 1 year low of $17.00 and a 1 year high of $23.20. The stock has a market capitalization of $12.64 billion, a price-to-earnings ratio of 12.33, a P/E/G ratio of 1.92 and a beta of 0.47.

Albertsons Companies (NYSE:ACI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The company reported $0.46 EPS 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 company had revenue of $18.80 billion during the quarter, compared to the consensus estimate of $18.78 billion. During the same quarter in the prior year, the firm earned $0.54 EPS. As a group, analysts expect that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders 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 yield of 2.73%. The ex-dividend date is Friday, April 25th. Albertsons Companies's payout ratio is 36.59%.

Wall Street Analyst Weigh In

ACI has been the topic of a number of recent analyst reports. The Goldman Sachs Group reiterated a "buy" rating and issued a $26.00 price objective on shares of Albertsons Companies in a report on Tuesday, February 4th. UBS Group dropped their price target on shares of Albertsons Companies from $24.00 to $22.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Evercore ISI reduced 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 report on Thursday, April 17th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $23.00 target price on shares of Albertsons Companies in a research report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Albertsons Companies from $24.00 to $31.00 and gave the stock an "overweight" rating in a research note on Thursday. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Albertsons Companies has a consensus rating of "Moderate Buy" and an average target price of $23.93.

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.