Burren Capital Advisors Ltd Invests $1.56 Million in Albertsons Companies, Inc. (NYSE:ACI)

Burren Capital Advisors Ltd purchased a new stake in Albertsons Companies, Inc. (NYSE:ACI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 79,436 shares of the company's stock, valued at approximately $1,560,000. Albertsons Companies accounts for 7.6% of Burren Capital Advisors Ltd's holdings, making the stock its 7th largest position.

Several other hedge funds have also added to or reduced their stakes in ACI. FMR LLC boosted its holdings in shares of Albertsons Companies by 88.1% in the third quarter. FMR LLC now owns 16,841,582 shares of the company's stock valued at $311,232,000 after buying an additional 7,887,688 shares during the period. Parsifal Capital Management LP lifted its position in Albertsons Companies by 22.8% in the 3rd quarter. Parsifal Capital Management LP now owns 8,546,881 shares of the company's stock valued at $157,946,000 after acquiring an additional 1,585,899 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Albertsons Companies by 25.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,170,601 shares of the company's stock worth $114,033,000 after purchasing an additional 1,239,978 shares during the period. Trium Capital LLP bought a new position in Albertsons Companies during the 4th quarter worth about $23,678,000. Finally, Anson Funds Management LP increased its holdings in Albertsons Companies by 973.0% during the 3rd quarter. Anson Funds Management LP now owns 1,190,165 shares of the company's stock worth $21,994,000 after purchasing an additional 1,079,246 shares in the last quarter. Institutional investors and hedge funds own 71.35% of the company's stock.

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Albertsons Companies Price Performance

Albertsons Companies stock traded down $0.58 during mid-day trading on Wednesday, reaching $20.89. 6,767,540 shares of the company were exchanged, compared to its average volume of 3,818,523. The firm has a market cap of $12.10 billion, a PE ratio of 11.73, a PEG ratio of 1.92 and a beta of 0.50. 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 fifty day simple moving average of $20.38 and a 200-day simple moving average of $19.48. Albertsons Companies, Inc. has a 12 month low of $17.00 and a 12 month high of $21.67.

Albertsons Companies (NYSE:ACI - Get Free Report) last posted its quarterly earnings results on Wednesday, January 8th. The company reported $0.71 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.07. The business had revenue of $18.77 billion during the quarter, compared to the consensus estimate of $18.82 billion. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. Albertsons Companies's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.79 earnings per share. As a group, equities research analysts expect that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Friday, January 24th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, January 24th. This is a boost from Albertsons Companies's previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a yield of 2.87%. Albertsons Companies's dividend payout ratio is presently 33.71%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ACI. Bank of America began coverage on shares of Albertsons Companies in a research note on Friday, December 13th. They set a "neutral" rating and a $22.00 price target for the company. Royal Bank of Canada restated an "outperform" rating and set a $22.00 price objective on shares of Albertsons Companies in a research note on Tuesday, January 7th. UBS Group reduced their price target on Albertsons Companies from $27.00 to $24.00 and set a "neutral" rating for the company in a report on Tuesday, December 17th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $26.00 price objective on shares of Albertsons Companies in a research report on Tuesday. Finally, Morgan Stanley dropped their price target on Albertsons Companies from $24.00 to $19.00 and set an "equal weight" rating on the stock in a research note on Wednesday, December 11th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Albertsons Companies currently has an average rating of "Moderate Buy" and a consensus price target of $23.43.

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.