113,726 Shares in Albertsons Companies, Inc. (NYSE:ACI) Purchased by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. acquired a new position in Albertsons Companies, Inc. (NYSE:ACI) during the 4th quarter, HoldingsChannel reports. The fund acquired 113,726 shares of the company’s stock, valued at approximately $2,238,000.

Other institutional investors also recently bought and sold shares of the company. Eagle Bay Advisors LLC increased 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 worth $26,000 after acquiring an additional 700 shares during the last quarter. Capital Advisors Ltd. LLC increased its stake 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 during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Albertsons Companies by 316.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the company’s stock worth $35,000 after acquiring an additional 1,358 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in shares of Albertsons Companies by 91.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,610 shares of the company’s stock worth $169,000 after acquiring an additional 4,101 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Albertsons Companies in the 4th quarter worth $179,000. 71.35% of the stock is currently owned by institutional investors and hedge funds.

Albertsons Companies Trading Up 1.7 %

Albertsons Companies stock opened at $21.30 on Thursday. The company has a 50 day moving average price of $21.11 and a 200 day moving average price of $19.85. Albertsons Companies, Inc. has a 52 week low of $17.00 and a 52 week high of $23.20. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.21 and a current ratio of 0.93. The firm has a market capitalization of $12.34 billion, a price-to-earnings ratio of 11.97, a P/E/G ratio of 1.92 and a beta of 0.47.

Albertsons Companies (NYSE:ACI) last issued its earnings results on Wednesday, January 8th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.07. The company had revenue of $18.77 billion during the quarter, compared to analyst estimates of $18.82 billion. Albertsons Companies had a net margin of 1.30% and a return on equity of 44.70%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter last year, the business posted $0.79 EPS. Research analysts forecast that Albertsons Companies, Inc. will post 2.14 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ACI shares. Evercore ISI increased their price target on Albertsons Companies from $21.00 to $22.00 and gave the stock an “in-line” rating in a report on Tuesday, March 11th. Morgan Stanley lowered their price target on Albertsons Companies from $24.00 to $19.00 and set an “equal weight” rating for the company in a report on Wednesday, December 11th. The Goldman Sachs Group reiterated a “buy” rating and set a $26.00 price target on shares of Albertsons Companies in a report on Tuesday, February 4th. UBS Group lowered their price target on Albertsons Companies from $27.00 to $24.00 and set a “neutral” rating for the company in a report on Tuesday, December 17th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $26.00 target price on shares of Albertsons Companies in a report on Tuesday, March 11th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $23.50.

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.