Martingale Asset Management L P Purchases 265,630 Shares of Albertsons Companies, Inc. (NYSE:ACI)

Martingale Asset Management L P lifted its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 55.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 743,942 shares of the company's stock after purchasing an additional 265,630 shares during the period. Martingale Asset Management L P owned 0.13% of Albertsons Companies worth $14,611,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp increased its position 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 in the last quarter. Kovitz Investment Group Partners LLC bought a new stake in shares of Albertsons Companies during the third quarter valued at approximately $1,906,000. XTX Topco Ltd acquired a new stake in shares of Albertsons Companies in the third quarter valued at approximately $324,000. Nomura Asset Management Co. Ltd. raised its position in Albertsons Companies by 88.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 206,691 shares of the company's stock worth $3,820,000 after purchasing an additional 97,244 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Albertsons Companies by 7.0% in the 3rd quarter. Geode Capital Management LLC now owns 9,063,266 shares of the company's stock worth $167,229,000 after purchasing an additional 592,711 shares during the last quarter. 71.35% of the stock is currently owned by institutional investors and hedge funds.

Albertsons Companies Trading Up 1.9 %

NYSE:ACI traded up $0.40 on Monday, reaching $21.59. The company's stock had a trading volume of 2,214,779 shares, compared to its average volume of 6,371,083. Albertsons Companies, Inc. has a 1-year low of $17.00 and a 1-year high of $23.20. 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 firm has a market cap of $12.51 billion, a PE ratio of 12.13, a PEG ratio of 1.92 and a beta of 0.47. The business's 50-day moving average price is $21.16 and its two-hundred day moving average price is $19.90.

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Analyst Ratings Changes

Several equities research analysts have recently commented on ACI shares. UBS Group lowered their target price on Albertsons Companies from $27.00 to $24.00 and set a "neutral" rating for the company in a research note on Tuesday, December 17th. Telsey Advisory Group reissued an "outperform" rating and set a $26.00 price objective on shares of Albertsons Companies in a report on Friday. The Goldman Sachs Group restated a "buy" rating and set a $26.00 target price on shares of Albertsons Companies in a research report on Tuesday, February 4th. Royal Bank of Canada reiterated an "outperform" rating and set a $23.00 price target on shares of Albertsons Companies in a research report on Thursday, April 3rd. Finally, Citigroup assumed coverage on shares of Albertsons Companies in a report on Friday, January 24th. They issued a "buy" rating and a $26.00 price objective on the stock. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Albertsons Companies has a consensus rating of "Moderate Buy" and an average price target of $23.50.

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.