TIG Advisors LLC Reduces Stock Position in Albertsons Companies, Inc. (NYSE:ACI)

TIG Advisors LLC lessened its stake in Albertsons Companies, Inc. (NYSE:ACI) by 55.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 104,429 shares of the company’s stock after selling 128,089 shares during the period. TIG Advisors LLC’s holdings in Albertsons Companies were worth $2,051,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in ACI. Eagle Bay Advisors LLC raised its stake in shares of Albertsons Companies by 108.4% in the 4th quarter. Eagle Bay Advisors LLC now owns 1,346 shares of the company’s stock valued at $26,000 after purchasing an additional 700 shares in the last quarter. Capital Advisors Ltd. LLC grew 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 acquiring an additional 959 shares in the last quarter. Twin Capital Management Inc. raised its position in shares of Albertsons Companies by 2.9% during the 4th quarter. Twin Capital Management Inc. now owns 40,476 shares of the company’s stock valued at $795,000 after acquiring an additional 1,146 shares in the last quarter. Synovus Financial Corp increased its stake in Albertsons Companies by 10.0% during the third quarter. Synovus Financial Corp now owns 13,192 shares of the company’s stock valued at $244,000 after purchasing an additional 1,197 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Albertsons Companies by 316.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the company’s stock worth $35,000 after purchasing an additional 1,358 shares during the period. 71.35% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ACI shares. UBS Group cut their target price on shares of Albertsons Companies from $24.00 to $22.00 and set a “neutral” rating on the stock in a report on Wednesday, April 16th. 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, April 11th. Citigroup initiated coverage on shares of Albertsons Companies in a research note on Friday, January 24th. They set a “buy” rating and a $26.00 target price for the company. Evercore ISI reduced their price target on Albertsons Companies from $23.00 to $22.00 and set an “in-line” rating for the company in a research report on Thursday, April 17th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $23.00 price target on shares of Albertsons Companies in a report on Wednesday, April 16th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.38.

Albertsons Companies Stock Down 1.0 %

NYSE ACI opened at $21.70 on Tuesday. The company has a market capitalization of $12.49 billion, a P/E ratio of 12.19, a PEG 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 company has a debt-to-equity ratio of 2.31, a current ratio of 0.93 and a quick ratio of 0.21. The company’s 50 day simple moving average is $21.34 and its 200 day simple moving average is $20.15.

Albertsons Companies (NYSE:ACI) last released its quarterly earnings data on Tuesday, April 15th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.06. The business had revenue of $18.80 billion during the quarter, compared to analyst estimates of $18.78 billion. Albertsons Companies had a return on equity of 44.70% and a net margin of 1.30%. During the same period last year, the company posted $0.54 EPS. Equities research analysts expect that Albertsons Companies, Inc. will post 2.14 earnings per share for the current fiscal year.

Albertsons Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Friday, April 25th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, April 25th. This represents a $0.60 annualized dividend and a yield of 2.76%. Albertsons Companies’s payout ratio is presently 36.59%.

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.