Massachusetts Financial Services Co. MA Has $146.62 Million Holdings in Albertsons Companies, Inc. (NYSE:ACI)

Massachusetts Financial Services Co. MA boosted its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 21.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,465,449 shares of the company's stock after buying an additional 1,294,848 shares during the period. Massachusetts Financial Services Co. MA owned approximately 1.29% of Albertsons Companies worth $146,621,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Captrust Financial Advisors increased its stake in Albertsons Companies by 59.6% in the 3rd quarter. Captrust Financial Advisors now owns 71,151 shares of the company's stock valued at $1,315,000 after buying an additional 26,582 shares during the period. Investment Management Corp of Ontario acquired a new position in shares of Albertsons Companies in the third quarter worth $231,000. State Street Corp raised its holdings in shares of Albertsons Companies by 1.7% during the third quarter. State Street Corp now owns 8,615,413 shares of the company's stock worth $159,213,000 after acquiring an additional 141,933 shares in the last quarter. Whitebox Advisors LLC boosted its position in Albertsons Companies by 6.4% during the third quarter. Whitebox Advisors LLC now owns 1,357,682 shares of the company's stock valued at $25,090,000 after purchasing an additional 81,413 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC purchased a new position in Albertsons Companies in the third quarter valued at about $1,906,000. 71.35% of the stock is currently owned by institutional investors and hedge funds.

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Albertsons Companies Stock Performance

Shares of NYSE:ACI traded down $0.15 on Thursday, hitting $21.15. 1,442,044 shares of the company were exchanged, compared to its average volume of 4,129,602. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.21 and a current ratio of 0.93. The company's 50 day moving average price is $21.11 and its two-hundred day moving average price is $19.85. Albertsons Companies, Inc. has a one year low of $17.00 and a one year high of $23.20. The firm has a market capitalization of $12.26 billion, a price-to-earnings ratio of 11.87, a PEG ratio of 1.92 and a beta of 0.47.

Albertsons Companies (NYSE:ACI - Get Free Report) last announced its quarterly earnings data on Wednesday, January 8th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate 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%. Albertsons Companies's revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.79 EPS. Research analysts expect that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Wall Street Analyst Weigh In

ACI has been the subject of several research reports. Bank of America started coverage on Albertsons Companies in a report on Friday, December 13th. They set a "neutral" rating and a $22.00 price target for the company. The Goldman Sachs Group reissued a "buy" rating and issued a $26.00 target price on shares of Albertsons Companies in a research report on Tuesday, February 4th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $23.00 price objective on shares of Albertsons Companies in a research note on Thursday, April 3rd. UBS Group decreased their price objective 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. Finally, Telsey Advisory Group restated an "outperform" rating and set a $26.00 target price on shares of Albertsons Companies in a report on Tuesday, March 11th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Albertsons Companies presently has an average rating of "Moderate Buy" and an average target price of $23.50.

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.