GABELLI & Co INVESTMENT ADVISERS INC. Has $9.47 Million Stock Position in Albertsons Companies, Inc. (NYSE:ACI)

GABELLI & Co INVESTMENT ADVISERS INC. trimmed its position in shares of Albertsons Companies, Inc. (NYSE:ACI) by 37.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 482,270 shares of the company’s stock after selling 291,276 shares during the period. Albertsons Companies makes up approximately 1.6% of GABELLI & Co INVESTMENT ADVISERS INC.’s holdings, making the stock its 19th largest holding. GABELLI & Co INVESTMENT ADVISERS INC.’s holdings in Albertsons Companies were worth $9,472,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Eagle Bay Advisors LLC raised its position in Albertsons Companies by 108.4% in the fourth quarter. Eagle Bay Advisors LLC now owns 1,346 shares of the company’s stock worth $26,000 after purchasing an additional 700 shares in the last quarter. Capital Advisors Ltd. LLC boosted its holdings 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. EverSource Wealth Advisors LLC increased its holdings in Albertsons Companies by 316.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the company’s stock valued at $35,000 after purchasing an additional 1,358 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Albertsons Companies by 91.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 8,610 shares of the company’s stock worth $169,000 after purchasing an additional 4,101 shares during the last quarter. Finally, R Squared Ltd acquired a new position in Albertsons Companies during the 4th quarter worth about $179,000. 71.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. UBS Group decreased their price objective on Albertsons Companies from $27.00 to $24.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 17th. Royal Bank of Canada reiterated an “outperform” rating and issued a $23.00 price target on shares of Albertsons Companies in a research report on Thursday, April 3rd. Telsey Advisory Group reissued an “outperform” rating and issued a $26.00 target price on shares of Albertsons Companies in a research note on Friday. The Goldman Sachs Group reiterated a “buy” rating and set a $26.00 target price on shares of Albertsons Companies in a report on Tuesday, February 4th. Finally, Evercore ISI increased their price objective on shares of Albertsons Companies from $21.00 to $22.00 and gave the stock an “in-line” rating in a research note on Tuesday, March 11th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Albertsons Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.50.

Albertsons Companies Price Performance

Shares of NYSE ACI opened at $21.50 on Tuesday. The stock has a market capitalization of $12.46 billion, a PE ratio of 12.08, a P/E/G ratio of 1.92 and a beta of 0.47. Albertsons Companies, Inc. has a fifty-two week low of $17.00 and a fifty-two week 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 business has a fifty day moving average price of $21.18 and a two-hundred day moving average price of $19.92.

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.