National Bank of Canada FI Acquires 195,475 Shares of Albertsons Companies, Inc. (NYSE:ACI)

National Bank of Canada FI boosted its stake in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 6,703.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 198,391 shares of the company's stock after acquiring an additional 195,475 shares during the quarter. National Bank of Canada FI's holdings in Albertsons Companies were worth $3,896,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Albertsons Companies by 6.9% during the fourth quarter. Vanguard Group Inc. now owns 36,310,122 shares of the company's stock worth $713,131,000 after acquiring an additional 2,347,875 shares during the last quarter. Norges Bank bought a new stake in Albertsons Companies during the 4th quarter worth about $298,302,000. Geode Capital Management LLC boosted its stake in shares of Albertsons Companies by 7.0% in the 3rd quarter. Geode Capital Management LLC now owns 9,063,266 shares of the company's stock valued at $167,229,000 after purchasing an additional 592,711 shares during the last quarter. State Street Corp grew its position in shares of Albertsons Companies by 1.7% during the 3rd quarter. State Street Corp now owns 8,615,413 shares of the company's stock worth $159,213,000 after buying an additional 141,933 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Albertsons Companies by 18.3% during the fourth quarter. Bank of New York Mellon Corp now owns 3,384,157 shares of the company's stock worth $66,465,000 after buying an additional 522,926 shares during the last quarter. Institutional investors and hedge funds own 71.35% of the company's stock.

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Wall Street Analyst Weigh In

ACI has been the topic of a number of recent research reports. 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. Telsey Advisory Group reaffirmed an "outperform" rating and set a $26.00 price objective on shares of Albertsons Companies in a research note on Friday. Evercore ISI increased their target price 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. UBS Group decreased their target price on Albertsons Companies from $27.00 to $24.00 and set a "neutral" rating for the company in a research report on Tuesday, December 17th. Finally, Bank of America assumed coverage on shares of Albertsons Companies in a research report on Friday, December 13th. They issued a "neutral" rating and a $22.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $23.50.

Albertsons Companies Stock Down 1.1 %

ACI traded down $0.24 during trading on Friday, hitting $21.12. The company had a trading volume of 5,069,104 shares, compared to its average volume of 4,153,047. The company has a market capitalization of $12.24 billion, a PE ratio of 11.87, a PEG 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, Inc. has a one year low of $17.00 and a one year high of $23.20. The firm's 50-day moving average price is $21.16 and its 200 day moving average price is $19.89.

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

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.