Renaissance Technologies LLC Has $5.75 Million Position in Albertsons Companies, Inc. (NYSE:ACI)

Renaissance Technologies LLC trimmed its position in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 73.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 292,800 shares of the company's stock after selling 809,634 shares during the quarter. Renaissance Technologies LLC owned approximately 0.05% of Albertsons Companies worth $5,751,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in ACI. Eagle Bay Advisors LLC boosted its position in Albertsons Companies by 108.4% during the fourth quarter. Eagle Bay Advisors LLC now owns 1,346 shares of the company's stock worth $26,000 after purchasing an additional 700 shares during the period. Capital Advisors Ltd. LLC increased its holdings 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 buying an additional 959 shares during the period. EverSource Wealth Advisors LLC increased its stake in Albertsons Companies by 316.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the company's stock valued at $35,000 after acquiring an additional 1,358 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in shares of Albertsons Companies by 91.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,610 shares of the company's stock worth $169,000 after buying an additional 4,101 shares in the last quarter. Finally, R Squared Ltd acquired a new position in Albertsons Companies during the fourth quarter worth $179,000. 71.35% of the stock is currently owned by institutional investors and hedge funds.

Albertsons Companies Stock Down 1.0 %

Shares of NYSE ACI traded down $0.23 during trading hours on Wednesday, hitting $22.29. The company had a trading volume of 4,104,564 shares, compared to its average volume of 4,350,357. The stock has a market capitalization of $12.91 billion, a P/E ratio of 12.53, a price-to-earnings-growth ratio of 1.92 and a beta of 0.47. 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's 50 day moving average is $21.23 and its 200-day moving average is $20.03. Albertsons Companies, Inc. has a 1-year low of $17.00 and a 1-year high of $23.20.

Albertsons Companies (NYSE:ACI - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.06. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. The company had revenue of $18.80 billion during the quarter, compared to analysts' expectations of $18.78 billion. During the same period last year, the firm posted $0.54 earnings per share. On average, analysts expect that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Friday, April 25th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, April 25th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.69%. Albertsons Companies's dividend payout ratio (DPR) is currently 36.59%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ACI. Telsey Advisory Group reiterated an "outperform" rating and issued a $26.00 target price on shares of Albertsons Companies in a research note on Friday, April 11th. Evercore ISI cut 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, April 17th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $26.00 price objective on shares of Albertsons Companies in a research note on Tuesday, February 4th. Citigroup initiated coverage on shares of Albertsons Companies in a report on Friday, January 24th. They set a "buy" rating and a $26.00 price objective for the company. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $23.00 target price on shares of Albertsons Companies in a research note on Wednesday, April 16th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $23.36.

About Albertsons Companies

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.