Jump Financial LLC Makes New $11.80 Million Investment in Albertsons Companies, Inc. (NYSE:ACI)

Jump Financial LLC bought a new stake in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 600,791 shares of the company's stock, valued at approximately $11,800,000. Jump Financial LLC owned 0.10% of Albertsons Companies as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of ACI. Eagle Bay Advisors LLC increased its position in shares of Albertsons Companies by 108.4% during 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 last quarter. Capital Advisors Ltd. LLC lifted its position in Albertsons Companies by 225.1% in the 4th quarter. Capital Advisors Ltd. LLC now owns 1,385 shares of the company's stock valued at $27,000 after acquiring an additional 959 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Albertsons Companies by 316.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the company's stock worth $35,000 after acquiring an additional 1,358 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in Albertsons Companies by 91.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 8,610 shares of the company's stock valued at $169,000 after acquiring an additional 4,101 shares during the period. Finally, R Squared Ltd purchased a new position in Albertsons Companies during the fourth quarter valued at $179,000. Institutional investors own 71.35% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on ACI shares. The Goldman Sachs Group reissued a "buy" rating and issued a $26.00 price objective on shares of Albertsons Companies in a research note on Tuesday, February 4th. Citigroup initiated coverage on Albertsons Companies in a report on Friday, January 24th. They issued a "buy" rating and a $26.00 price objective on the stock. 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 report on Wednesday. Evercore ISI dropped their target price on shares of Albertsons Companies from $23.00 to $22.00 and set an "in-line" rating on the stock in a research report on Thursday. Finally, Royal Bank of Canada restated an "outperform" rating and set a $23.00 target price on shares of Albertsons Companies in a report on Wednesday. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Albertsons Companies currently has an average rating of "Moderate Buy" and an average price target of $23.36.

Albertsons Companies Stock Up 2.4 %

NYSE ACI traded up $0.51 during trading hours on Friday, hitting $21.66. 10,042,907 shares of the company traded hands, compared to its average volume of 4,307,437. The business's 50-day moving average is $21.19 and its 200-day moving average is $19.97. Albertsons Companies, Inc. has a twelve month low of $17.00 and a twelve month high of $23.20. The stock has a market capitalization of $12.55 billion, a price-to-earnings ratio of 12.17, a P/E/G ratio of 1.92 and a beta of 0.47. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.21 and a current ratio of 0.93.

Albertsons Companies (NYSE:ACI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $18.78 billion. During the same period in the prior year, the company earned $0.54 EPS. Sell-side analysts anticipate 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. Shareholders of record on Friday, April 25th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, April 25th. This represents a $0.60 dividend on an annualized basis and a yield of 2.77%. Albertsons Companies's payout ratio is 36.59%.

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.