Albertsons Companies, Inc. (NYSE:ACI) Stock Position Raised by Anson Funds Management LP

Anson Funds Management LP grew its stake in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 973.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,190,165 shares of the company's stock after purchasing an additional 1,079,246 shares during the period. Albertsons Companies makes up approximately 1.0% of Anson Funds Management LP's portfolio, making the stock its 19th biggest holding. Anson Funds Management LP owned about 0.21% of Albertsons Companies worth $21,994,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ACI. Signaturefd LLC raised its holdings in Albertsons Companies by 108.4% during the second quarter. Signaturefd LLC now owns 2,365 shares of the company's stock worth $47,000 after purchasing an additional 1,230 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Albertsons Companies by 2,948.4% in the 2nd quarter. Blue Trust Inc. now owns 2,896 shares of the company's stock valued at $62,000 after buying an additional 2,801 shares during the period. Intact Investment Management Inc. purchased a new stake in shares of Albertsons Companies in the second quarter valued at approximately $126,000. Acadian Asset Management LLC acquired a new position in Albertsons Companies during the second quarter worth $150,000. Finally, Headlands Technologies LLC raised its position in Albertsons Companies by 2,243.9% in the second quarter. Headlands Technologies LLC now owns 8,977 shares of the company's stock worth $177,000 after acquiring an additional 8,594 shares in the last quarter. Institutional investors and hedge funds own 71.35% of the company's stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Evercore ISI upped their target price on Albertsons Companies from $18.00 to $19.00 and gave the company an "in-line" rating in a report on Tuesday, December 3rd. 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. Wells Fargo & Company reaffirmed a "market perform" rating on shares of Albertsons Companies in a report on Friday, October 18th. BMO Capital Markets dropped their price objective on shares of 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. Finally, Telsey Advisory Group reissued a "market perform" rating and issued a $27.25 target price on shares of Albertsons Companies in a research note on Friday, October 11th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, Albertsons Companies has a consensus rating of "Moderate Buy" and a consensus target price of $23.25.

Albertsons Companies Price Performance

Shares of NYSE:ACI remained flat at $19.14 during trading on Friday. 1,737,418 shares of the company were exchanged, compared to its average volume of 2,434,362. The stock has a market cap of $11.09 billion, a PE ratio of 11.19, a P/E/G ratio of 1.13 and a beta of 0.51. Albertsons Companies, Inc. has a twelve month low of $17.80 and a twelve month high of $23.47. The company's 50 day moving average is $18.84 and its 200 day moving average is $19.43. 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 posted its earnings results on Tuesday, October 15th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.03. Albertsons Companies had a return on equity of 49.50% and a net margin of 1.25%. The company had revenue of $18.55 billion for the quarter, compared to analysts' expectations of $18.47 billion. During the same period last year, the business posted $0.60 earnings per share. The firm's quarterly revenue was up 1.4% compared to the same quarter last year. Equities research analysts predict that Albertsons Companies, Inc. will post 2.13 earnings per share for the current fiscal 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 given a $0.12 dividend. The ex-dividend date was Monday, October 28th. This represents a $0.48 dividend on an annualized basis and a yield of 2.51%. Albertsons Companies's dividend payout ratio (DPR) is 28.07%.

Albertsons Companies Company 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.