III Capital Management Takes Position in Albertsons Companies, Inc. (NYSE:ACI)

III Capital Management acquired a new stake in Albertsons Companies, Inc. (NYSE:ACI - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 300,000 shares of the company's stock, valued at approximately $5,892,000. Albertsons Companies accounts for about 0.9% of III Capital Management's investment portfolio, making the stock its 11th largest holding. III Capital Management owned about 0.05% of Albertsons Companies as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Eagle Bay Advisors LLC lifted its stake in shares of Albertsons Companies by 108.4% in the fourth quarter. Eagle Bay Advisors LLC now owns 1,346 shares of the company's stock worth $26,000 after acquiring an additional 700 shares in the last quarter. Capital Advisors Ltd. LLC grew its holdings in shares of Albertsons Companies by 225.1% during the fourth quarter. Capital Advisors Ltd. LLC now owns 1,385 shares of the company's stock valued at $27,000 after purchasing an additional 959 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Albertsons Companies by 316.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the company's stock worth $35,000 after purchasing an additional 1,358 shares during the period. Ossiam bought a new stake in shares of Albertsons Companies in the 4th quarter worth approximately $93,000. Finally, Steward Partners Investment Advisory LLC boosted its position in Albertsons Companies by 91.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,610 shares of the company's stock valued at $169,000 after purchasing an additional 4,101 shares during the period. 71.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on ACI shares. Telsey Advisory Group reiterated an "outperform" rating and issued a $26.00 target price on shares of Albertsons Companies in a research note on Friday, April 11th. Tigress Financial increased their price target on Albertsons Companies from $27.00 to $28.00 and gave the stock a "buy" rating in a research note on Thursday. Royal Bank of Canada restated an "outperform" rating and set a $23.00 target price on shares of Albertsons Companies in a report on Wednesday, April 16th. UBS Group dropped their price target on Albertsons Companies from $24.00 to $22.00 and set a "neutral" rating on the stock in a report on Wednesday, April 16th. Finally, Citigroup started coverage on Albertsons Companies in a research report on Friday, January 24th. They set a "buy" rating and a $26.00 target price on the stock. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, Albertsons Companies has a consensus rating of "Moderate Buy" and a consensus price target of $23.38.

Albertsons Companies Stock Down 2.1 %

Shares of NYSE:ACI opened at $21.90 on Monday. The company has a quick ratio of 0.21, a current ratio of 0.93 and a debt-to-equity ratio of 2.31. The company's 50-day moving average price is $21.32 and its two-hundred day moving average price is $20.13. Albertsons Companies, Inc. has a 12 month low of $17.00 and a 12 month high of $23.20. The firm has a market cap of $12.61 billion, a P/E ratio of 12.30, a P/E/G ratio of 1.92 and a beta of 0.47.

Albertsons Companies (NYSE:ACI - Get Free Report) last issued its quarterly earnings data on Tuesday, April 15th. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.40 by $0.06. The business had revenue of $18.80 billion for the quarter, compared to the consensus estimate of $18.78 billion. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. During the same quarter last year, the business posted $0.54 EPS. As a group, research analysts forecast that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 25th will be given a dividend of $0.15 per share. The ex-dividend date is Friday, April 25th. This represents a $0.60 annualized dividend and a yield of 2.74%. Albertsons Companies's dividend payout ratio (DPR) is presently 36.59%.

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.

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