Quantbot Technologies LP Has $537,000 Stake in Albertsons Companies, Inc. (NYSE:ACI)

Quantbot Technologies LP reduced its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI) by 53.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,349 shares of the company’s stock after selling 31,777 shares during the quarter. Quantbot Technologies LP’s holdings in Albertsons Companies were worth $537,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ACI. FMR LLC boosted its position in Albertsons Companies by 88.1% during the third quarter. FMR LLC now owns 16,841,582 shares of the company’s stock worth $311,232,000 after purchasing an additional 7,887,688 shares during the period. Geode Capital Management LLC lifted its stake in shares of Albertsons Companies by 7.0% during the 3rd quarter. Geode Capital Management LLC now owns 9,063,266 shares of the company’s stock worth $167,229,000 after buying an additional 592,711 shares during the last quarter. State Street Corp boosted its holdings 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. Parsifal Capital Management LP grew its stake in Albertsons Companies by 22.8% in the 3rd quarter. Parsifal Capital Management LP now owns 8,546,881 shares of the company’s stock valued at $157,946,000 after buying an additional 1,585,899 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Albertsons Companies by 18.3% in the 4th quarter. Bank of New York Mellon Corp now owns 3,384,157 shares of the company’s stock valued at $66,465,000 after acquiring an additional 522,926 shares during the period. 71.35% of the stock is owned by institutional investors and hedge funds.

Albertsons Companies Price Performance

Shares of NYSE:ACI opened at $21.15 on Friday. The firm has a 50 day moving average of $20.68 and a 200-day moving average of $19.61. Albertsons Companies, Inc. has a 12 month low of $17.00 and a 12 month high of $22.05. The company has a current ratio of 0.93, a quick ratio of 0.21 and a debt-to-equity ratio of 2.31. The stock has a market capitalization of $12.25 billion, a PE ratio of 11.88, a PEG ratio of 1.92 and a beta of 0.50.

Albertsons Companies (NYSE:ACI) last announced its quarterly earnings data on Wednesday, January 8th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.64 by $0.07. The business had revenue of $18.77 billion during the quarter, compared to the consensus estimate of $18.82 billion. Albertsons Companies had a net margin of 1.30% and a return on equity of 44.70%. The company’s revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.79 earnings per share. On average, equities research analysts predict that Albertsons Companies, Inc. will post 2.14 EPS for the current fiscal year.

Albertsons Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 24th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, January 24th. This is a positive change from Albertsons Companies’s previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a yield of 2.84%. Albertsons Companies’s dividend payout ratio (DPR) is 33.71%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Citigroup began coverage on Albertsons Companies in a report on Friday, January 24th. They set a “buy” rating and a $26.00 price objective for the company. Morgan Stanley reduced their price target on Albertsons Companies from $24.00 to $19.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 11th. Telsey Advisory Group reiterated an “outperform” rating and set a $26.00 price objective on shares of Albertsons Companies in a research report on Tuesday, March 11th. Royal Bank of Canada boosted their target price on shares of Albertsons Companies from $22.00 to $23.00 and gave the company an “outperform” rating in a research report on Thursday, March 13th. Finally, Evercore ISI raised their price target on shares of Albertsons Companies from $21.00 to $22.00 and gave the stock an “in-line” rating in a research report on Tuesday, March 11th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $23.50.

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.