Water Island Capital LLC Has $36.58 Million Stake in Albertsons Companies, Inc. (NYSE:ACI)

Water Island Capital LLC cut its stake in Albertsons Companies, Inc. (NYSE:ACI) by 4.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,862,712 shares of the company’s stock after selling 84,190 shares during the quarter. Albertsons Companies accounts for about 4.0% of Water Island Capital LLC’s portfolio, making the stock its 8th biggest position. Water Island Capital LLC owned approximately 0.32% of Albertsons Companies worth $36,584,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of the stock. Eagle Bay Advisors LLC lifted its position in shares of Albertsons Companies by 108.4% during the 4th quarter. Eagle Bay Advisors LLC now owns 1,346 shares of the company’s stock worth $26,000 after buying an additional 700 shares in the last quarter. Capital Advisors Ltd. LLC lifted its stake in shares of Albertsons Companies by 225.1% during the 4th quarter. Capital Advisors Ltd. LLC now owns 1,385 shares of the company’s stock valued at $27,000 after buying an additional 959 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Albertsons Companies by 316.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the company’s stock worth $35,000 after acquiring an additional 1,358 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in Albertsons Companies by 91.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,610 shares of the company’s stock worth $169,000 after purchasing an additional 4,101 shares in the last quarter. Finally, R Squared Ltd bought a new position in shares of Albertsons Companies in the fourth quarter valued at approximately $179,000. 71.35% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ACI has been the subject of several research analyst reports. UBS Group dropped their price objective on Albertsons Companies from $27.00 to $24.00 and set a “neutral” rating for the company in a research note on Tuesday, December 17th. 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 restated an “outperform” rating and set a $26.00 price target on shares of Albertsons Companies in a research report on Friday. Bank of America assumed coverage on shares of Albertsons Companies in a report on Friday, December 13th. They issued a “neutral” rating and a $22.00 price target on the stock. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $23.00 target price on shares of Albertsons Companies in a research note on Thursday, April 3rd. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $23.50.

Albertsons Companies Stock Performance

Shares of ACI opened at $21.12 on Friday. Albertsons Companies, Inc. has a 52 week low of $17.00 and a 52 week high of $23.20. The company has a quick ratio of 0.21, a current ratio of 0.93 and a debt-to-equity ratio of 2.31. The stock has a market cap of $12.24 billion, a P/E ratio of 11.87, a P/E/G ratio of 1.92 and a beta of 0.47. The business’s 50 day moving average price is $21.16 and its 200-day moving average price is $19.89.

Albertsons Companies (NYSE:ACI) last released its quarterly earnings data on Wednesday, January 8th. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.07. The business had revenue of $18.77 billion during the quarter, compared to analyst estimates 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 was up 1.2% compared to the same quarter last year. During the same period last year, the business earned $0.79 EPS. Equities research analysts anticipate that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal 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.