Cinctive Capital Management LP Purchases New Position in Albertsons Companies, Inc. (NYSE:ACI)

Cinctive Capital Management LP acquired a new stake in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 199,669 shares of the company's stock, valued at approximately $3,921,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ACI. Norges Bank acquired a new stake in shares of Albertsons Companies during the fourth quarter valued at about $298,302,000. Vanguard Group Inc. boosted its position in Albertsons Companies by 6.9% during the 4th quarter. Vanguard Group Inc. now owns 36,310,122 shares of the company's stock worth $713,131,000 after buying an additional 2,347,875 shares during the period. Parsifal Capital Management LP grew its holdings in Albertsons Companies by 22.8% during the 3rd quarter. Parsifal Capital Management LP now owns 8,546,881 shares of the company's stock worth $157,946,000 after acquiring an additional 1,585,899 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Albertsons Companies by 21.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,465,449 shares of the company's stock valued at $146,621,000 after acquiring an additional 1,294,848 shares during the period. Finally, Trium Capital LLP bought a new position in shares of Albertsons Companies during the fourth quarter valued at $23,678,000. Institutional investors own 71.35% of the company's stock.

Albertsons Companies Stock Up 1.3 %

Shares of NYSE ACI traded up $0.28 during trading on Tuesday, hitting $21.61. 1,131,717 shares of the company traded hands, compared to its average volume of 4,112,878. The firm has a market capitalization of $12.52 billion, a price-to-earnings ratio of 12.16, a P/E/G ratio of 1.92 and a beta of 0.47. The business's fifty day moving average is $21.02 and its 200 day moving average is $19.80. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.21 and a current ratio of 0.93. Albertsons Companies, Inc. has a fifty-two week low of $17.00 and a fifty-two week high of $23.20.

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

Albertsons Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 24th were given a $0.15 dividend. The ex-dividend date was Friday, January 24th. This represents a $0.60 annualized dividend and a yield of 2.78%. This is an increase from Albertsons Companies's previous quarterly dividend of $0.12. Albertsons Companies's dividend payout ratio (DPR) is presently 33.71%.

Analyst Ratings Changes

Several brokerages recently weighed in on ACI. Evercore ISI boosted their price objective on shares of Albertsons Companies from $21.00 to $22.00 and gave the stock an "in-line" rating in a research note on Tuesday, March 11th. Telsey Advisory Group reissued an "outperform" rating and issued a $26.00 price target on shares of Albertsons Companies in a research note on Tuesday, March 11th. Morgan Stanley lowered their price objective on Albertsons Companies from $24.00 to $19.00 and set an "equal weight" rating for the company in a research report on Wednesday, December 11th. Citigroup started coverage on Albertsons Companies in a report on Friday, January 24th. They issued a "buy" rating and a $26.00 target price on the stock. Finally, UBS Group lowered their price target on shares of Albertsons Companies from $27.00 to $24.00 and set a "neutral" rating for the company in a report on Tuesday, December 17th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company currently 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.