Islay Capital Management LLC Acquires New Stake in Albertsons Companies, Inc. (NYSE:ACI)

Islay Capital Management LLC bought a new position in Albertsons Companies, Inc. (NYSE:ACI - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 39,828 shares of the company's stock, valued at approximately $782,000.

Several other institutional investors have also recently added to or reduced their stakes in ACI. Vanguard Group Inc. lifted its position in shares of Albertsons Companies by 6.9% during the 4th quarter. Vanguard Group Inc. now owns 36,310,122 shares of the company's stock valued at $713,131,000 after acquiring an additional 2,347,875 shares during the period. Norges Bank acquired a new position in shares of Albertsons Companies during the fourth quarter valued at about $298,302,000. Geode Capital Management LLC grew its stake in shares of Albertsons Companies by 4.7% in the 4th quarter. Geode Capital Management LLC now owns 9,491,772 shares of the company's stock valued at $186,211,000 after buying an additional 428,506 shares during the period. State Street Corp increased its position in Albertsons Companies by 1.7% in the 3rd quarter. State Street Corp now owns 8,615,413 shares of the company's stock valued at $159,213,000 after buying an additional 141,933 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in Albertsons Companies by 21.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 7,465,449 shares of the company's stock worth $146,621,000 after buying an additional 1,294,848 shares during the period. 71.35% of the stock is owned by institutional investors and hedge funds.

Albertsons Companies Stock Performance

Shares of Albertsons Companies stock traded down $0.18 during trading hours on Thursday, hitting $21.12. 1,793,090 shares of the company's stock traded hands, compared to its average volume of 4,131,248. 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 stock has a market capitalization of $12.24 billion, a price-to-earnings ratio of 11.82, a PEG ratio of 1.92 and a beta of 0.47. Albertsons Companies, Inc. has a 12-month low of $17.00 and a 12-month high of $23.20. The company has a fifty day simple moving average of $21.11 and a 200-day simple moving average of $19.85.

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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 EPS for the quarter, topping analysts' consensus estimates of $0.64 by $0.07. Albertsons Companies had a net margin of 1.30% and a return on equity of 44.70%. The company had revenue of $18.77 billion for the quarter, compared to analysts' expectations of $18.82 billion. During the same quarter in the previous year, the firm posted $0.79 EPS. Albertsons Companies's revenue was up 1.2% on a year-over-year basis. Equities research analysts anticipate that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Telsey Advisory Group restated an "outperform" rating and set a $26.00 price objective on shares of Albertsons Companies in a report on Tuesday, March 11th. Citigroup started coverage on shares of Albertsons Companies in a research note on Friday, January 24th. They set a "buy" rating and a $26.00 price target for the company. Morgan Stanley dropped their price objective on shares of 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. Bank of America initiated coverage on shares of Albertsons Companies in a research report on Friday, December 13th. They set a "neutral" rating and a $22.00 target price for the company. Finally, Evercore ISI raised their price target on shares of Albertsons Companies from $21.00 to $22.00 and gave the company an "in-line" rating in a research report on Tuesday, March 11th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus 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.