Y Intercept Hong Kong Ltd Makes New Investment in Albertsons Companies, Inc. (NYSE:ACI)

Y Intercept Hong Kong Ltd purchased a new stake in Albertsons Companies, Inc. (NYSE:ACI - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 52,052 shares of the company's stock, valued at approximately $1,022,000.

Other large investors have also added to or reduced their stakes in the company. Private Advisor Group LLC lifted its position in shares of Albertsons Companies by 4.4% during the 3rd quarter. Private Advisor Group LLC now owns 13,010 shares of the company's stock valued at $240,000 after acquiring an additional 544 shares during the period. Eagle Bay Advisors LLC raised its stake in Albertsons Companies by 108.4% in the fourth quarter. Eagle Bay Advisors LLC now owns 1,346 shares of the company's stock valued at $26,000 after purchasing an additional 700 shares in the last quarter. CIBC Asset Management Inc lifted its position in Albertsons Companies by 4.9% during the third quarter. CIBC Asset Management Inc now owns 19,324 shares of the company's stock worth $357,000 after purchasing an additional 895 shares during the period. Synovus Financial Corp grew its stake in Albertsons Companies by 10.0% during the third quarter. Synovus Financial Corp now owns 13,192 shares of the company's stock worth $244,000 after buying an additional 1,197 shares in the last quarter. Finally, Private Wealth Partners LLC increased its holdings in Albertsons Companies by 2.4% in the 3rd quarter. Private Wealth Partners LLC now owns 69,271 shares of the company's stock valued at $1,280,000 after buying an additional 1,600 shares during the period. Institutional investors and hedge funds own 71.35% of the company's stock.

Albertsons Companies Trading Down 1.5 %

NYSE ACI traded down $0.32 during trading hours on Monday, reaching $20.72. The company's stock had a trading volume of 3,899,770 shares, compared to its average volume of 5,184,252. The firm has a fifty day simple moving average of $20.21 and a 200-day simple moving average of $19.47. The stock has a market cap of $12.00 billion, a P/E ratio of 11.64, a P/E/G ratio of 1.92 and a beta of 0.51. Albertsons Companies, Inc. has a 52 week low of $17.00 and a 52 week high of $21.67. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.93 and a quick ratio of 0.21.

Albertsons Companies (NYSE:ACI - Get Free Report) last issued 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 analysts' expectations of $18.82 billion. Albertsons Companies had a net margin of 1.30% and a return on equity of 44.70%. Albertsons Companies's revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.79 earnings per share. Equities analysts forecast that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Friday, January 24th were paid a $0.15 dividend. This is a boost from Albertsons Companies's previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Friday, January 24th. This represents a $0.60 annualized dividend and a dividend yield of 2.90%. Albertsons Companies's dividend payout ratio is presently 33.71%.

Wall Street Analyst Weigh In

ACI has been the subject of a number of recent analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating and set a $22.00 price target on shares of Albertsons Companies in a report on Tuesday, January 7th. Telsey Advisory Group restated an "outperform" rating and set a $26.00 target price on shares of Albertsons Companies in a research note on Thursday, January 9th. Citigroup began coverage on Albertsons Companies in a research note on Friday, January 24th. They issued a "buy" rating and a $26.00 price target on the stock. Evercore ISI upped their price objective on Albertsons Companies from $18.00 to $19.00 and gave the stock an "in-line" rating in a research report on Tuesday, December 3rd. Finally, Bank of America initiated coverage on Albertsons Companies in a research note on Friday, December 13th. They issued a "neutral" rating and a $22.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Albertsons Companies presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.21.

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.