Susquehanna Fundamental Investments LLC Buys Shares of 54,050 Albertsons Companies, Inc. (NYSE:ACI)

Susquehanna Fundamental Investments LLC purchased a new position in shares of Albertsons Companies, Inc. (NYSE:ACI) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 54,050 shares of the company’s stock, valued at approximately $1,062,000.

A number of other institutional investors and hedge funds have also made changes to their positions in ACI. Private Management Group Inc. boosted its position in shares of Albertsons Companies by 2.0% during the fourth quarter. Private Management Group Inc. now owns 2,196,484 shares of the company’s stock worth $43,138,000 after buying an additional 43,532 shares during the period. Jump Financial LLC acquired a new position in Albertsons Companies during the 4th quarter worth $11,800,000. NINE MASTS CAPITAL Ltd bought a new position in shares of Albertsons Companies in the fourth quarter worth $746,000. ORBA Wealth Advisors L.L.C. acquired a new position in shares of Albertsons Companies during the fourth quarter valued at $433,000. Finally, Synergy Asset Management LLC bought a new stake in shares of Albertsons Companies during the fourth quarter valued at about $248,000. 71.35% of the stock is currently owned by institutional investors and hedge funds.

Albertsons Companies Stock Performance

Shares of ACI opened at $22.01 on Friday. The company has a 50-day moving average of $21.43 and a two-hundred day moving average of $20.20. The stock has a market cap of $12.67 billion, a price-to-earnings ratio of 12.37, a PEG ratio of 1.92 and a beta of 0.47. The company has a debt-to-equity ratio of 2.31, a current ratio of 0.93 and a quick ratio of 0.21. Albertsons Companies, Inc. has a one year low of $17.00 and a one year high of $23.20.

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

Albertsons Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Friday, April 25th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.73%. The ex-dividend date is Friday, April 25th. Albertsons Companies’s dividend payout ratio is currently 36.59%.

Wall Street Analyst Weigh In

Several equities analysts have commented on ACI shares. JPMorgan Chase & Co. raised their target price on shares of Albertsons Companies from $24.00 to $31.00 and gave the company an “overweight” rating in a research note on Thursday. Evercore ISI lowered their price objective on shares of Albertsons Companies from $23.00 to $22.00 and set an “in-line” rating on the stock in a research note on Thursday, April 17th. Telsey Advisory Group restated an “outperform” rating and issued a $26.00 target price on shares of Albertsons Companies in a research report on Friday, April 11th. Citigroup started coverage on Albertsons Companies in a research note on Friday, January 24th. They set a “buy” rating and a $26.00 price target for the company. Finally, Tigress Financial boosted their price objective on Albertsons Companies from $27.00 to $28.00 and gave the stock a “buy” rating in a research note on Thursday, April 24th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Albertsons Companies presently has an average rating of “Moderate Buy” and a consensus target price of $23.93.

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.