Quinn Opportunity Partners LLC Purchases 343,674 Shares of Albertsons Companies, Inc. (NYSE:ACI)

Quinn Opportunity Partners LLC increased its stake in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 23.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,787,300 shares of the company's stock after acquiring an additional 343,674 shares during the period. Albertsons Companies accounts for about 2.4% of Quinn Opportunity Partners LLC's holdings, making the stock its 6th largest position. Quinn Opportunity Partners LLC owned about 0.31% of Albertsons Companies worth $35,103,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Private Management Group Inc. increased its position in shares of Albertsons Companies by 2.0% during the 4th quarter. Private Management Group Inc. now owns 2,196,484 shares of the company's stock worth $43,138,000 after purchasing an additional 43,532 shares in the last quarter. NINE MASTS CAPITAL Ltd acquired a new stake in Albertsons Companies during the 4th quarter worth $746,000. ORBA Wealth Advisors L.L.C. bought a new stake in shares of Albertsons Companies during the 4th quarter valued at $433,000. Synergy Asset Management LLC acquired a new position in shares of Albertsons Companies in the 4th quarter valued at $248,000. Finally, Econ Financial Services Corp bought a new position in Albertsons Companies during the fourth quarter worth about $499,000. Institutional investors own 71.35% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ACI. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $23.00 target price on shares of Albertsons Companies in a research note on Thursday, April 3rd. 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 Albertsons Companies in a research note on Friday, January 24th. They issued a "buy" rating and a $26.00 target price for the company. Evercore ISI lifted their price objective on Albertsons Companies from $21.00 to $22.00 and gave the company an "in-line" rating in a report on Tuesday, March 11th. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $26.00 target price on shares of Albertsons Companies in a research note on Friday. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Albertsons Companies currently has a consensus rating of "Moderate Buy" and an average target price of $23.50.

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Albertsons Companies Stock Performance

NYSE ACI traded down $1.61 on Tuesday, reaching $19.96. The stock had a trading volume of 16,414,186 shares, compared to its average volume of 4,219,829. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.93 and a quick ratio of 0.21. The company has a market cap of $11.57 billion, a P/E ratio of 11.21, a price-to-earnings-growth ratio of 1.92 and a beta of 0.47. The firm has a fifty day moving average of $21.18 and a two-hundred day moving average of $19.92. 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 results on Tuesday, April 15th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.40 by $0.06. The business had revenue of $18.80 billion for the quarter, compared to the consensus estimate of $18.78 billion. Albertsons Companies had a net margin of 1.30% and a return on equity of 44.70%. During the same period in the prior year, the company posted $0.54 earnings per share. On average, equities research analysts anticipate that Albertsons Companies, Inc. will post 2.14 EPS for the current year.

Albertsons Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 25th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.01%. Albertsons Companies's dividend payout ratio is currently 33.71%.

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.