FIL Ltd Invests $512,000 in Albertsons Companies, Inc. (NYSE:ACI)

FIL Ltd bought a new stake in shares of Albertsons Companies, Inc. (NYSE:ACI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 26,068 shares of the company’s stock, valued at approximately $512,000.

Several other institutional investors and hedge funds have also bought and sold shares of ACI. Eagle Bay Advisors LLC lifted its holdings in shares of Albertsons Companies by 108.4% during 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 during the last quarter. Capital Advisors Ltd. LLC boosted its holdings in Albertsons Companies by 225.1% in the fourth 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 grew its stake 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 acquiring an additional 1,358 shares during the last quarter. Steward Partners Investment Advisory LLC increased 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 valued at $169,000 after acquiring an additional 4,101 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in Albertsons Companies in the 4th quarter worth approximately $179,000. 71.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ACI. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $26.00 price target on shares of Albertsons Companies in a report on Tuesday, February 4th. UBS Group reduced their target price on shares of Albertsons Companies from $27.00 to $24.00 and set a “neutral” rating for the company in a report on Tuesday, December 17th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $26.00 price target on shares of Albertsons Companies in a research report on Friday. Evercore ISI boosted their price target on Albertsons Companies from $21.00 to $22.00 and gave the company an “in-line” rating in a report on Tuesday, March 11th. Finally, Citigroup started coverage on shares of Albertsons Companies in a report on Friday, January 24th. They issued a “buy” rating and a $26.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $23.50.

Albertsons Companies Price Performance

NYSE:ACI opened at $21.50 on Tuesday. The company has a market capitalization of $12.46 billion, a P/E ratio of 12.08, a P/E/G ratio of 1.92 and a beta of 0.47. The company has a quick ratio of 0.21, a current ratio of 0.93 and a debt-to-equity ratio of 2.31. Albertsons Companies, Inc. has a 52 week low of $17.00 and a 52 week high of $23.20. The stock’s fifty day moving average is $21.18 and its two-hundred day moving average is $19.92.

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.