Alpine Associates Management Inc. Has $84.11 Million Stock Position in Albertsons Companies, Inc. (NYSE:ACI)

Alpine Associates Management Inc. lowered its position in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 2.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,551,117 shares of the company's stock after selling 116,617 shares during the quarter. Albertsons Companies accounts for 3.9% of Alpine Associates Management Inc.'s investment portfolio, making the stock its 9th largest holding. Alpine Associates Management Inc. owned 0.79% of Albertsons Companies worth $84,105,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in ACI. Sumitomo Mitsui Trust Group Inc. lifted its position in Albertsons Companies by 5.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 670,722 shares of the company's stock valued at $12,395,000 after purchasing an additional 36,154 shares during the period. Lubert Adler Management Company LP grew its holdings in Albertsons Companies by 47.1% during the second quarter. Lubert Adler Management Company LP now owns 2,664,735 shares of the company's stock worth $52,629,000 after acquiring an additional 852,857 shares during the period. Tidal Investments LLC raised its position in Albertsons Companies by 109.7% in the first quarter. Tidal Investments LLC now owns 57,054 shares of the company's stock worth $1,223,000 after acquiring an additional 29,849 shares in the last quarter. Versor Investments LP lifted its holdings in Albertsons Companies by 24.1% in the third quarter. Versor Investments LP now owns 166,202 shares of the company's stock valued at $3,071,000 after acquiring an additional 32,305 shares during the period. Finally, Swedbank AB increased its holdings in shares of Albertsons Companies by 166.2% in the 2nd quarter. Swedbank AB now owns 214,192 shares of the company's stock valued at $4,230,000 after purchasing an additional 133,715 shares in the last quarter. Institutional investors and hedge funds own 71.35% of the company's stock.

Albertsons Companies Trading Down 0.2 %

NYSE:ACI traded down $0.04 during mid-day trading on Wednesday, reaching $19.23. The company's stock had a trading volume of 617,504 shares, compared to its average volume of 3,039,196. The stock has a market cap of $11.14 billion, a P/E ratio of 11.26, a P/E/G ratio of 1.11 and a beta of 0.49. The company's fifty day simple moving average is $18.65 and its two-hundred day simple moving average is $19.55. Albertsons Companies, Inc. has a twelve month low of $17.80 and a twelve month high of $23.47. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.90 and a quick ratio of 0.22.

Albertsons Companies (NYSE:ACI - Get Free Report) last released its quarterly earnings data on Tuesday, October 15th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.48 by $0.03. The company had revenue of $18.55 billion for the quarter, compared to analyst estimates of $18.47 billion. Albertsons Companies had a return on equity of 49.50% and a net margin of 1.25%. The firm's revenue was up 1.4% compared to the same quarter last year. During the same period last year, the company posted $0.60 earnings per share. On average, equities analysts predict that Albertsons Companies, Inc. will post 2.13 EPS for the current year.

Albertsons Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, October 28th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date was Monday, October 28th. Albertsons Companies's dividend payout ratio is presently 28.07%.

Wall Street Analysts Forecast Growth

ACI has been the subject of a number of research analyst reports. Tigress Financial reaffirmed a "buy" rating and issued a $27.00 target price on shares of Albertsons Companies in a report on Monday, October 21st. Wells Fargo & Company reissued a "market perform" rating on shares of Albertsons Companies in a report on Friday, October 18th. BMO Capital Markets cut their price target on Albertsons Companies from $21.00 to $19.00 and set a "market perform" rating for the company in a research note on Wednesday, October 16th. Melius upgraded shares of Albertsons Companies from a "hold" rating to a "buy" rating and set a $24.00 target price for the company in a report on Monday, October 21st. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $27.25 price target on shares of Albertsons Companies in a report on Friday, October 11th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, Albertsons Companies has an average rating of "Moderate Buy" and a consensus price target of $23.58.

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.