Caxton Associates LP Boosts Stock Position in Albertsons Companies, Inc. (NYSE:ACI)

Caxton Associates LP boosted its holdings in Albertsons Companies, Inc. (NYSE:ACI - Free Report) by 10.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 615,123 shares of the company's stock after buying an additional 57,753 shares during the period. Caxton Associates LP owned approximately 0.11% of Albertsons Companies worth $12,149,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Geneos Wealth Management Inc. purchased a new position in Albertsons Companies in the 1st quarter valued at approximately $41,000. Signaturefd LLC increased its holdings in shares of Albertsons Companies by 108.4% in the second quarter. Signaturefd LLC now owns 2,365 shares of the company's stock worth $47,000 after purchasing an additional 1,230 shares during the period. Blue Trust Inc. increased its holdings in shares of Albertsons Companies by 2,948.4% in the second quarter. Blue Trust Inc. now owns 2,896 shares of the company's stock worth $62,000 after purchasing an additional 2,801 shares during the period. UniSuper Management Pty Ltd increased its holdings in shares of Albertsons Companies by 133.3% in the first quarter. UniSuper Management Pty Ltd now owns 4,900 shares of the company's stock worth $105,000 after purchasing an additional 2,800 shares during the period. Finally, Intact Investment Management Inc. bought a new position in shares of Albertsons Companies in the second quarter worth $126,000. 71.35% of the stock is currently owned by hedge funds and other institutional investors.

Albertsons Companies Price Performance

NYSE:ACI traded down $0.09 during midday trading on Wednesday, hitting $18.43. The company had a trading volume of 2,613,795 shares, compared to its average volume of 3,025,604. Albertsons Companies, Inc. has a 52-week low of $17.80 and a 52-week high of $23.47. The stock's fifty day moving average price is $19.61 and its 200-day moving average price is $20.13. The company has a market capitalization of $10.67 billion, a PE ratio of 8.26, a P/E/G ratio of 1.02 and a beta of 0.49. The company has a quick ratio of 0.21, a current ratio of 0.88 and a debt-to-equity ratio of 2.67.

Albertsons Companies (NYSE:ACI - Get Free Report) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.01). Albertsons Companies had a net margin of 1.41% and a return on equity of 56.01%. The business had revenue of $24.27 billion for the quarter, compared to analysts' expectations of $24.16 billion. During the same quarter in the previous year, the company earned $0.89 earnings per share. The business's quarterly revenue was up .9% on a year-over-year basis. As a group, research analysts expect that Albertsons Companies, Inc. will post 2.26 earnings per share for the current year.

Albertsons Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, July 26th were given a dividend of $0.12 per share. The ex-dividend date was Friday, July 26th. This represents a $0.48 annualized dividend and a yield of 2.61%. Albertsons Companies's payout ratio is 21.52%.

Analysts Set New Price Targets

ACI has been the topic of several research analyst reports. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $27.25 price target on shares of Albertsons Companies in a report on Thursday, July 18th. Melius Research initiated coverage on shares of Albertsons Companies in a report on Monday. They issued a "hold" rating and a $19.00 price target on the stock. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $23.54.

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.