Grantham Mayo Van Otterloo & Co. LLC Sells 819,791 Shares of Albertsons Companies, Inc. (NYSE:ACI)

Grantham Mayo Van Otterloo & Co. LLC lowered its position in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 27.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,186,313 shares of the company's stock after selling 819,791 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned 0.38% of Albertsons Companies worth $42,939,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Private Management Group Inc. increased its position in Albertsons Companies by 2.0% in the fourth quarter. Private Management Group Inc. now owns 2,196,484 shares of the company's stock worth $43,138,000 after purchasing an additional 43,532 shares during the period. NINE MASTS CAPITAL Ltd bought a new stake in Albertsons Companies during the 4th quarter worth approximately $746,000. K2 Principal Fund L.P. raised its holdings in shares of Albertsons Companies by 68.4% during the third quarter. K2 Principal Fund L.P. now owns 270,501 shares of the company's stock worth $4,999,000 after acquiring an additional 109,901 shares during the period. ORBA Wealth Advisors L.L.C. bought a new stake in shares of Albertsons Companies in the fourth quarter valued at about $433,000. Finally, Kovitz Investment Group Partners LLC bought a new stake in Albertsons Companies in the 3rd quarter valued at approximately $1,906,000. Institutional investors and hedge funds own 71.35% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Evercore ISI raised their price target on Albertsons Companies from $21.00 to $22.00 and gave the company an "in-line" rating in a research note on Tuesday, March 11th. Bank of America assumed coverage on shares of Albertsons Companies in a report on Friday, December 13th. They set a "neutral" rating and a $22.00 target price on the stock. Citigroup began coverage on shares of Albertsons Companies in a research report on Friday, January 24th. They issued a "buy" rating and a $26.00 price objective for the company. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $26.00 target price on shares of Albertsons Companies in a report on Tuesday, March 11th. Finally, The Goldman Sachs Group reiterated a "buy" rating and set a $26.00 price target on shares of Albertsons Companies in a report on Tuesday, February 4th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $23.50.

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Albertsons Companies Stock Performance

Shares of NYSE ACI traded down $0.10 during mid-day trading on Thursday, reaching $21.20. 1,989,562 shares of the company's stock were exchanged, compared to its average volume of 4,131,789. The firm has a 50-day moving average price of $21.11 and a two-hundred day moving average price of $19.85. 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 firm has a market capitalization of $12.28 billion, a price-to-earnings ratio of 11.94, a price-to-earnings-growth ratio of 1.92 and a beta of 0.47. Albertsons Companies, Inc. has a 52 week low of $17.00 and a 52 week high of $23.20.

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

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.