Dynamic Technology Lab Private Ltd lessened its stake in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 58.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 109,500 shares of the company's stock after selling 153,257 shares during the quarter. Albertsons Companies comprises approximately 0.3% of Dynamic Technology Lab Private Ltd's portfolio, making the stock its 26th biggest position. Dynamic Technology Lab Private Ltd's holdings in Albertsons Companies were worth $2,150,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the stock. Eagle Bay Advisors LLC increased its position in Albertsons Companies by 108.4% during the 4th quarter. Eagle Bay Advisors LLC now owns 1,346 shares of the company's stock worth $26,000 after purchasing an additional 700 shares during the period. Capital Advisors Ltd. LLC grew its holdings in Albertsons Companies by 225.1% during the fourth quarter. Capital Advisors Ltd. LLC now owns 1,385 shares of the company's stock worth $27,000 after acquiring an additional 959 shares during the period. EverSource Wealth Advisors LLC raised its position in Albertsons Companies by 316.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the company's stock worth $35,000 after acquiring an additional 1,358 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position in Albertsons Companies by 91.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 8,610 shares of the company's stock worth $169,000 after acquiring an additional 4,101 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in Albertsons Companies in the fourth quarter valued at $179,000. 71.35% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
ACI has been the topic of a number of research analyst reports. Royal Bank of Canada reissued an "outperform" rating and set a $23.00 price objective on shares of Albertsons Companies in a report on Thursday, April 3rd. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $26.00 price objective on shares of Albertsons Companies in a research note on Tuesday, February 4th. Morgan Stanley decreased their target price on Albertsons Companies from $24.00 to $19.00 and set an "equal weight" rating on the stock in a research report on Wednesday, December 11th. Citigroup began 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. Finally, Bank of America initiated coverage on Albertsons Companies in a research note on Friday, December 13th. They set a "neutral" rating and a $22.00 price target for the company. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $23.50.
Check Out Our Latest Report on ACI
Albertsons Companies Trading Down 0.1 %
Shares of ACI traded down $0.02 on Thursday, hitting $21.28. 1,989,562 shares of the stock traded hands, compared to its average volume of 4,131,735. Albertsons Companies, Inc. has a 1 year low of $17.00 and a 1 year high of $23.20. The stock's 50 day moving average is $21.11 and its two-hundred day moving average is $19.85. The firm has a market capitalization of $12.33 billion, a P/E ratio of 11.94, a P/E/G ratio of 1.92 and a beta of 0.47. The company has a quick ratio of 0.21, a current ratio of 0.93 and a debt-to-equity ratio of 2.31.
Albertsons Companies (NYSE:ACI - Get Free Report) last issued 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. The company had revenue of $18.77 billion for the quarter, compared to analyst estimates of $18.82 billion. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. The business's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.79 EPS. As a group, sell-side analysts predict that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.
About Albertsons Companies
(
Free Report)
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.
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