Readystate Asset Management LP Grows Stock Holdings in Albertsons Companies, Inc. (NYSE:ACI)

Readystate Asset Management LP grew its holdings in shares of Albertsons Companies, Inc. (NYSE:ACI) by 63.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,234,823 shares of the company’s stock after purchasing an additional 480,587 shares during the period. Albertsons Companies makes up approximately 0.9% of Readystate Asset Management LP’s holdings, making the stock its 19th largest position. Readystate Asset Management LP owned approximately 0.21% of Albertsons Companies worth $28,401,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. NBC Securities Inc. purchased a new position in Albertsons Companies in the 3rd quarter worth approximately $28,000. Blue Trust Inc. raised its holdings in Albertsons Companies by 255.1% in the 4th quarter. Blue Trust Inc. now owns 1,463 shares of the company’s stock worth $34,000 after acquiring an additional 1,051 shares during the last quarter. Resurgent Financial Advisors LLC purchased a new position in Albertsons Companies in the 4th quarter worth approximately $45,000. UniSuper Management Pty Ltd purchased a new position in Albertsons Companies in the 2nd quarter worth approximately $46,000. Finally, Fortis Capital Advisors LLC purchased a new position in Albertsons Companies in the 4th quarter worth approximately $51,000. 71.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ACI. Roth Mkm boosted their price objective on shares of Albertsons Companies from $23.00 to $24.00 and gave the stock a “neutral” rating in a report on Wednesday, January 10th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $24.00 target price on shares of Albertsons Companies in a research report on Tuesday, February 13th. Tigress Financial reaffirmed a “buy” rating and issued a $27.00 target price on shares of Albertsons Companies in a research report on Friday, January 12th. Evercore ISI cut their target price on shares of Albertsons Companies from $23.00 to $22.00 and set an “in-line” rating for the company in a research report on Tuesday. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $27.25 price objective on shares of Albertsons Companies in a research report on Wednesday. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $24.85.

Albertsons Companies Stock Performance

Shares of ACI stock traded up $0.21 during mid-day trading on Wednesday, reaching $20.43. 1,606,896 shares of the company’s stock traded hands, compared to its average volume of 3,483,915. The firm has a market capitalization of $11.77 billion, a PE ratio of 8.73, a price-to-earnings-growth ratio of 0.95 and a beta of 0.50. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.19 and a current ratio of 0.85. The firm has a 50 day moving average price of $20.95 and a two-hundred day moving average price of $21.70. Albertsons Companies, Inc. has a 12 month low of $19.88 and a 12 month high of $23.88.

Albertsons Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 26th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend is Thursday, April 25th. Albertsons Companies’s dividend payout ratio is currently 20.51%.

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.