Fmr LLC Boosts Position in Albertsons Companies, Inc. (NYSE:ACI)

Fmr LLC raised its stake in Albertsons Companies, Inc. (NYSE:ACI) by 55.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 26,150,522 shares of the company’s stock after purchasing an additional 9,308,940 shares during the quarter. Fmr LLC’s holdings in Albertsons Companies were worth $513,596,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Eagle Bay Advisors LLC lifted its position in Albertsons Companies by 108.4% during the fourth quarter. Eagle Bay Advisors LLC now owns 1,346 shares of the company’s stock worth $26,000 after buying an additional 700 shares during the period. Capital Advisors Ltd. LLC grew its stake in 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 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 valued at $35,000 after purchasing an additional 1,358 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of Albertsons Companies by 91.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,610 shares of the company’s stock worth $169,000 after acquiring an additional 4,101 shares in the last quarter. Finally, R Squared Ltd acquired a new position in shares of Albertsons Companies in the 4th quarter worth approximately $179,000. 71.35% of the stock is currently owned by hedge funds and other institutional investors.

Albertsons Companies Trading Up 1.7 %

ACI stock opened at $21.30 on Thursday. The firm has a market cap of $12.34 billion, a P/E ratio of 11.97, a P/E/G ratio of 1.92 and a beta of 0.47. Albertsons Companies, Inc. has a 1-year low of $17.00 and a 1-year high of $23.20. The business’s 50 day moving average is $21.11 and its 200-day moving average is $19.85. 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 released its quarterly earnings results on Wednesday, January 8th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.07. The business had revenue of $18.77 billion for the quarter, compared to analyst estimates of $18.82 billion. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. Albertsons Companies’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.79 EPS. Equities analysts anticipate that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. UBS Group cut their price target on Albertsons Companies from $27.00 to $24.00 and set a “neutral” rating on the stock in a report on Tuesday, December 17th. Bank of America started 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. Evercore ISI boosted their price objective on Albertsons Companies from $21.00 to $22.00 and gave the stock an “in-line” rating in a research note on Tuesday, March 11th. Citigroup initiated coverage on Albertsons Companies in a report on Friday, January 24th. They issued a “buy” rating and a $26.00 target price on the stock. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $26.00 target price on shares of Albertsons Companies in a report on Tuesday, February 4th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.