Integrated Quantitative Investments LLC Invests $371,000 in Albertsons Companies, Inc. (NYSE:ACI)

Integrated Quantitative Investments LLC purchased a new position in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 18,900 shares of the company's stock, valued at approximately $371,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Captrust Financial Advisors raised its position in shares of Albertsons Companies by 59.6% in the third quarter. Captrust Financial Advisors now owns 71,151 shares of the company's stock valued at $1,315,000 after buying an additional 26,582 shares during the last quarter. Investment Management Corp of Ontario purchased a new stake in Albertsons Companies during the 3rd quarter valued at about $231,000. State Street Corp raised its holdings in Albertsons Companies by 1.7% in the 3rd quarter. State Street Corp now owns 8,615,413 shares of the company's stock valued at $159,213,000 after acquiring an additional 141,933 shares during the last quarter. Whitebox Advisors LLC lifted its stake in Albertsons Companies by 6.4% in the 3rd quarter. Whitebox Advisors LLC now owns 1,357,682 shares of the company's stock worth $25,090,000 after purchasing an additional 81,413 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC purchased a new stake in shares of Albertsons Companies in the third quarter valued at approximately $1,906,000. 71.35% of the stock is owned by institutional investors and hedge funds.

Albertsons Companies Stock Down 0.8 %

ACI stock traded down $0.17 during midday trading on Thursday, hitting $21.13. The company's stock had a trading volume of 1,626,766 shares, compared to its average volume of 4,130,433. 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 simple moving average of $21.11 and a 200-day simple moving average of $19.85. 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 firm has a market capitalization of $12.24 billion, a P/E ratio of 11.93, a PEG ratio of 1.92 and a beta of 0.47.

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Albertsons Companies (NYSE:ACI - Get Free Report) last released its earnings results on Wednesday, January 8th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.64 by $0.07. The firm had revenue of $18.77 billion during the quarter, compared to analysts' expectations of $18.82 billion. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. Albertsons Companies's revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.79 EPS. As a group, equities analysts forecast that Albertsons Companies, Inc. will post 2.14 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ACI shares. The Goldman Sachs Group reiterated a "buy" rating and set a $26.00 price objective on shares of Albertsons Companies in a research report on Tuesday, February 4th. Telsey Advisory Group reissued an "outperform" rating and set a $26.00 price target on shares of Albertsons Companies in a research report on Tuesday, March 11th. UBS Group cut their price objective on shares of Albertsons Companies from $27.00 to $24.00 and set a "neutral" rating for the company in a research report on Tuesday, December 17th. Royal Bank of Canada reiterated an "outperform" rating and issued a $23.00 target price on shares of Albertsons Companies in a report on Thursday, April 3rd. Finally, Evercore ISI lifted their price target on shares of Albertsons Companies from $21.00 to $22.00 and gave the company an "in-line" rating in a research report on Tuesday, March 11th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $23.50.

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.