Y Intercept Hong Kong Ltd Invests $1.02 Million in Albertsons Companies, Inc. (NYSE:ACI)

Y Intercept Hong Kong Ltd bought a new stake in Albertsons Companies, Inc. (NYSE:ACI) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 52,052 shares of the company’s stock, valued at approximately $1,022,000.

A number of other large investors have also modified their holdings of the company. FMR LLC raised its stake in shares of Albertsons Companies by 88.1% in the third quarter. FMR LLC now owns 16,841,582 shares of the company’s stock valued at $311,232,000 after purchasing an additional 7,887,688 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Albertsons Companies by 7.0% in the third quarter. Geode Capital Management LLC now owns 9,063,266 shares of the company’s stock valued at $167,229,000 after purchasing an additional 592,711 shares in the last quarter. State Street Corp raised its stake in shares of Albertsons Companies by 1.7% in the third quarter. State Street Corp now owns 8,615,413 shares of the company’s stock valued at $159,213,000 after purchasing an additional 141,933 shares in the last quarter. Parsifal Capital Management LP raised its stake in shares of Albertsons Companies by 22.8% in the third quarter. Parsifal Capital Management LP now owns 8,546,881 shares of the company’s stock valued at $157,946,000 after purchasing an additional 1,585,899 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Albertsons Companies by 25.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 6,170,601 shares of the company’s stock valued at $114,033,000 after purchasing an additional 1,239,978 shares in the last quarter. 71.35% of the stock is currently owned by institutional investors and hedge funds.

Albertsons Companies Price Performance

Albertsons Companies stock opened at $20.83 on Friday. The business’s 50-day simple moving average is $20.18 and its 200 day simple moving average is $19.46. The stock has a market cap of $12.07 billion, a price-to-earnings ratio of 11.70, a P/E/G ratio of 1.92 and a beta of 0.51. Albertsons Companies, Inc. has a 12-month low of $17.00 and a 12-month high of $21.67. The company has a quick ratio of 0.21, a current ratio of 0.93 and a debt-to-equity ratio of 2.31.

Albertsons Companies (NYSE:ACI) last posted its quarterly earnings results on Wednesday, January 8th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.07. The business had revenue of $18.77 billion for the quarter, compared to analysts’ expectations of $18.82 billion. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.79 earnings per share. As a group, research analysts anticipate that Albertsons Companies, Inc. will post 2.14 earnings per share for the current year.

Albertsons Companies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Friday, January 24th were issued a $0.15 dividend. This is a boost from Albertsons Companies’s previous quarterly dividend of $0.12. The ex-dividend date was Friday, January 24th. This represents a $0.60 annualized dividend and a yield of 2.88%. Albertsons Companies’s dividend payout ratio (DPR) is currently 33.71%.

Wall Street Analyst Weigh In

ACI has been the subject of a number of recent research reports. Morgan Stanley cut their target price 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. UBS Group lowered their price target on Albertsons Companies from $27.00 to $24.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 17th. Citigroup began coverage on Albertsons Companies in a research report on Friday, January 24th. They issued a “buy” rating and a $26.00 price target on the stock. The Goldman Sachs Group reiterated a “buy” rating and issued a $26.00 price target on shares of Albertsons Companies in a research report on Tuesday, February 4th. Finally, Bank of America began coverage on Albertsons Companies in a research report on Friday, December 13th. They issued a “neutral” rating and a $22.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.