AlphaQuest LLC Sells 13,873 Shares of Albertsons Companies, Inc. (NYSE:ACI)

AlphaQuest LLC reduced its position in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 37.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 23,197 shares of the company's stock after selling 13,873 shares during the quarter. AlphaQuest LLC's holdings in Albertsons Companies were worth $456,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Eagle Bay Advisors LLC lifted 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 valued at $26,000 after purchasing an additional 700 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Albertsons Companies by 4.9% in the 3rd quarter. CIBC Asset Management Inc now owns 19,324 shares of the company's stock valued at $357,000 after acquiring an additional 895 shares during the last quarter. Capital Advisors Ltd. LLC lifted its holdings in shares of 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 during the last quarter. Synovus Financial Corp grew its position in Albertsons Companies by 10.0% in the third quarter. Synovus Financial Corp now owns 13,192 shares of the company's stock worth $244,000 after acquiring an additional 1,197 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in Albertsons Companies by 1.4% during the fourth quarter. Arizona State Retirement System now owns 109,337 shares of the company's stock worth $2,147,000 after acquiring an additional 1,498 shares during the last quarter. 71.35% of the stock is owned by hedge funds and other institutional investors.

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Albertsons Companies Trading Up 4.2 %

Shares of NYSE:ACI traded up $0.89 during trading on Monday, reaching $21.97. 7,066,360 shares of the company were exchanged, compared to its average volume of 3,855,841. The business's fifty day simple moving average is $20.46 and its 200-day simple moving average is $19.49. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.93 and a quick ratio of 0.21. Albertsons Companies, Inc. has a 12-month low of $17.00 and a 12-month high of $22.03. The firm has a market capitalization of $12.73 billion, a PE ratio of 12.34, a P/E/G ratio of 1.92 and a beta of 0.50.

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

Albertsons Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 24th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, January 24th. This is a positive change from Albertsons Companies's previous quarterly dividend of $0.12. This represents a $0.60 dividend on an annualized basis and a yield of 2.73%. Albertsons Companies's dividend payout ratio is 33.71%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Royal Bank of Canada raised their price objective on Albertsons Companies from $22.00 to $23.00 and gave the company an "outperform" rating in a research note on Thursday. Citigroup assumed coverage on Albertsons Companies in a research report on Friday, January 24th. They issued a "buy" rating and a $26.00 price target for the company. UBS Group dropped 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 note on Tuesday, December 17th. Bank of America initiated coverage on shares of Albertsons Companies in a research note on Friday, December 13th. They issued a "neutral" rating and a $22.00 target price on the stock. Finally, Morgan Stanley lowered their target price on shares of Albertsons Companies from $24.00 to $19.00 and set an "equal weight" rating for the company in a report on Wednesday, December 11th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.