Deerfield Management Company L.P. Series C Invests $680,000 in Albertsons Companies, Inc. (NYSE:ACI)

Deerfield Management Company L.P. Series C acquired a new position in shares of Albertsons Companies, Inc. (NYSE:ACI - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 34,408 shares of the company's stock, valued at approximately $680,000.

Several other hedge funds have also recently added to or reduced their stakes in ACI. Verus Capital Partners LLC lifted its holdings in shares of Albertsons Companies by 3.6% during the second quarter. Verus Capital Partners LLC now owns 16,288 shares of the company's stock worth $322,000 after buying an additional 565 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in Albertsons Companies by 1.7% in the 1st quarter. Oppenheimer & Co. Inc. now owns 51,025 shares of the company's stock worth $1,094,000 after purchasing an additional 864 shares during the last quarter. AQR Capital Management LLC grew its position in Albertsons Companies by 1.6% in the 2nd quarter. AQR Capital Management LLC now owns 60,655 shares of the company's stock worth $1,198,000 after purchasing an additional 933 shares during the last quarter. 1832 Asset Management L.P. increased its holdings in shares of Albertsons Companies by 2.2% during the 1st quarter. 1832 Asset Management L.P. now owns 50,991 shares of the company's stock worth $1,093,000 after purchasing an additional 1,121 shares during the period. Finally, Symmetry Partners LLC raised its position in shares of Albertsons Companies by 11.9% during the first quarter. Symmetry Partners LLC now owns 10,835 shares of the company's stock valued at $232,000 after buying an additional 1,149 shares during the last quarter. Institutional investors own 71.35% of the company's stock.

Analysts Set New Price Targets

ACI has been the topic of a number of recent research reports. Telsey Advisory Group reissued a "market perform" rating and set a $27.25 target price on shares of Albertsons Companies in a research report on Thursday, July 18th. Melius Research began coverage on Albertsons Companies in a report on Monday. They set a "hold" rating and a $19.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $23.54.

Albertsons Companies Stock Up 0.4 %

Shares of ACI opened at $18.50 on Friday. The company has a quick ratio of 0.21, a current ratio of 0.88 and a debt-to-equity ratio of 2.67. The company has a 50-day moving average price of $19.58 and a two-hundred day moving average price of $20.12. The stock has a market cap of $10.71 billion, a price-to-earnings ratio of 8.30, a P/E/G ratio of 1.02 and a beta of 0.49. Albertsons Companies, Inc. has a 12 month low of $17.80 and a 12 month high of $23.47.

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

Albertsons Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend was Friday, July 26th. Albertsons Companies's payout ratio is 21.52%.

About Albertsons Companies

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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