Crestline Management LP Takes Position in Albertsons Companies, Inc. (NYSE:ACI)

Crestline Management LP acquired a new position in shares of Albertsons Companies, Inc. (NYSE:ACI) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 26,693 shares of the company’s stock, valued at approximately $524,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ACI. Eagle Bay Advisors LLC grew its holdings in Albertsons Companies by 108.4% in the fourth quarter. Eagle Bay Advisors LLC now owns 1,346 shares of the company’s stock worth $26,000 after purchasing an additional 700 shares during the last quarter. Capital Advisors Ltd. LLC boosted its position in shares of Albertsons Companies by 225.1% in the 4th quarter. Capital Advisors Ltd. LLC now owns 1,385 shares of the company’s stock worth $27,000 after purchasing an additional 959 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Albertsons Companies by 316.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the company’s stock worth $35,000 after buying an additional 1,358 shares during the last quarter. WealthCollab LLC increased its position in Albertsons Companies by 446.0% during the 4th quarter. WealthCollab LLC now owns 1,780 shares of the company’s stock valued at $35,000 after buying an additional 1,454 shares in the last quarter. Finally, Ossiam purchased a new stake in Albertsons Companies in the fourth quarter valued at about $93,000. Hedge funds and other institutional investors own 71.35% of the company’s stock.

Albertsons Companies Trading Up 0.7 %

Albertsons Companies stock opened at $22.48 on Friday. The firm has a market cap of $12.94 billion, a PE ratio of 12.63, a P/E/G ratio of 1.92 and a beta of 0.47. Albertsons Companies, Inc. has a 12 month low of $17.00 and a 12 month high of $23.20. The stock’s 50 day simple moving average is $21.61 and its two-hundred day simple moving average is $20.36. The company has a current ratio of 0.93, a quick ratio of 0.21 and a debt-to-equity ratio of 2.31.

Albertsons Companies (NYSE:ACI) last announced its quarterly earnings results on Tuesday, April 15th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.06. Albertsons Companies had a net margin of 1.30% and a return on equity of 44.70%. The firm had revenue of $18.80 billion for the quarter, compared to the consensus estimate of $18.78 billion. During the same period in the prior year, the firm posted $0.54 earnings per share. Analysts anticipate that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Friday, April 25th were issued a $0.15 dividend. The ex-dividend date was Friday, April 25th. This represents a $0.60 dividend on an annualized basis and a yield of 2.67%. Albertsons Companies’s payout ratio is 36.59%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ACI. BMO Capital Markets upgraded Albertsons Companies from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $19.00 to $25.00 in a research note on Wednesday. The Goldman Sachs Group restated a “buy” rating and set a $26.00 price target on shares of Albertsons Companies in a research note on Tuesday, February 4th. JPMorgan Chase & Co. lifted their price objective on shares of Albertsons Companies from $24.00 to $31.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. Citigroup started coverage on Albertsons Companies in a research report on Friday, January 24th. They issued a “buy” rating and a $26.00 target price on the stock. Finally, Tigress Financial lifted their price target on Albertsons Companies from $27.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $24.36.

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.