Tudor Investment Corp ET AL Raises Stock Position in Albertsons Companies, Inc. $ACI

Tudor Investment Corp ET AL raised its stake in Albertsons Companies, Inc. (NYSE:ACI – Free Report) by 416.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 338,078 shares of the company’s stock after buying an additional 272,678 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Albertsons Companies were worth $5,920,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. LSV Asset Management increased its holdings in Albertsons Companies by 3.5% in the third quarter. LSV Asset Management now owns 10,946,507 shares of the company’s stock valued at $191,673,000 after buying an additional 368,100 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Albertsons Companies by 17.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 9,388,320 shares of the company’s stock worth $164,389,000 after purchasing an additional 1,410,778 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Albertsons Companies by 37.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 8,269,879 shares of the company’s stock worth $144,803,000 after purchasing an additional 2,239,291 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Albertsons Companies by 14.9% during the 3rd quarter. AQR Capital Management LLC now owns 6,283,584 shares of the company’s stock worth $110,026,000 after purchasing an additional 813,190 shares in the last quarter. Finally, Sound Shore Management Inc CT increased its stake in shares of Albertsons Companies by 60.9% during the 3rd quarter. Sound Shore Management Inc CT now owns 4,902,179 shares of the company’s stock worth $85,837,000 after purchasing an additional 1,855,682 shares in the last quarter. 71.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Albertsons Companies from $24.00 to $23.00 and set an “overweight” rating for the company in a research note on Thursday, January 8th. Evercore dropped their price objective on shares of Albertsons Companies from $21.00 to $20.00 and set an “in-line” rating for the company in a research note on Tuesday, December 23rd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Albertsons Companies in a research note on Thursday, January 8th. They set a “hold” rating for the company. Telsey Advisory Group dropped their price objective on shares of Albertsons Companies from $24.00 to $22.00 and set an “outperform” rating for the company in a research note on Thursday, January 8th. Finally, Wells Fargo & Company dropped their price objective on shares of Albertsons Companies from $23.00 to $21.00 and set an “overweight” rating for the company in a research note on Thursday, January 8th. Nine research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Albertsons Companies presently has an average rating of “Hold” and a consensus price target of $21.58.

Read Our Latest Research Report on Albertsons Companies

Insider Buying and Selling

In other Albertsons Companies news, EVP Michael T. Theilmann sold 49,000 shares of Albertsons Companies stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $17.63, for a total value of $863,870.00. Following the completion of the sale, the executive vice president directly owned 289,429 shares of the company’s stock, valued at approximately $5,102,633.27. The trade was a 14.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.35% of the company’s stock.

Albertsons Companies Stock Down 1.7%

ACI stock opened at $17.74 on Thursday. The stock has a market capitalization of $9.11 billion, a P/E ratio of 11.44, a PEG ratio of 0.50 and a beta of 0.45. The company has a debt-to-equity ratio of 3.36, a quick ratio of 0.20 and a current ratio of 0.91. Albertsons Companies, Inc. has a one year low of $15.80 and a one year high of $22.78. The company has a 50 day moving average price of $17.53 and a two-hundred day moving average price of $17.61.

Albertsons Companies (NYSE:ACI – Get Free Report) last released its earnings results on Wednesday, January 7th. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.67 by $0.05. The firm had revenue of $19.12 billion during the quarter, compared to analysts’ expectations of $19.18 billion. Albertsons Companies had a net margin of 1.06% and a return on equity of 38.00%. Albertsons Companies’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.71 EPS. As a group, sell-side analysts expect that Albertsons Companies, Inc. will post 2.14 EPS for the current year.

Albertsons Companies Profile

(Free Report)

Albertsons Companies, Inc (NYSE: ACI) is one of the largest food and drug retailers in the United States, operating a diversified portfolio of grocery store banners. Founded in 1939 by Joe Albertson in Boise, Idaho, the company has grown through both organic expansion and strategic acquisitions. Its core business activities encompass the sale of fresh produce, meat, bakery items, deli offerings, pharmacy services, and general merchandise. The company’s retail operations are complemented by an in-house private-label program, featuring brands such as O Organics, Open Nature, and Lucerne, which cater to a range of customer preferences and price points.

Throughout its history, Albertsons Companies has pursued growth via mergers and partnerships.

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