Portolan Capital Management LLC Invests $9.62 Million in Albertsons Companies, Inc. (NYSE:ACI)

Portolan Capital Management LLC purchased a new stake in Albertsons Companies, Inc. (NYSE:ACI) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 489,980 shares of the company’s stock, valued at approximately $9,623,000.

Other hedge funds have also bought and sold shares of the company. Eagle Bay Advisors LLC boosted its holdings in Albertsons Companies by 108.4% in 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 period. Capital Advisors Ltd. LLC raised its position in shares of Albertsons Companies by 225.1% in the fourth quarter. Capital Advisors Ltd. LLC now owns 1,385 shares of the company’s stock valued at $27,000 after buying an additional 959 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Albertsons Companies by 316.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,787 shares of the company’s stock valued at $35,000 after buying an additional 1,358 shares during the period. Steward Partners Investment Advisory LLC grew its position in 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 buying an additional 4,101 shares in the last quarter. Finally, R Squared Ltd bought a new position in Albertsons Companies during the 4th quarter worth $179,000. 71.35% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on ACI shares. The Goldman Sachs Group reiterated a “buy” rating and set a $26.00 target price on shares of Albertsons Companies in a research report on Tuesday, February 4th. Telsey Advisory Group reiterated an “outperform” rating and set a $26.00 price objective on shares of Albertsons Companies in a research note on Friday. Evercore ISI raised their target price on shares of Albertsons Companies from $21.00 to $22.00 and gave the company an “in-line” rating in a report on Tuesday, March 11th. Citigroup assumed coverage on shares of Albertsons Companies in a report on Friday, January 24th. They set a “buy” rating and a $26.00 price target for the company. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $23.00 price objective on shares of Albertsons Companies in a research note on Thursday, April 3rd. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.50.

Albertsons Companies Price Performance

Albertsons Companies stock opened at $21.12 on Monday. The stock has a 50-day moving average price of $21.16 and a two-hundred day moving average price of $19.90. Albertsons Companies, Inc. has a 12 month low of $17.00 and a 12 month high of $23.20. The company has a market capitalization of $12.24 billion, a PE ratio of 11.87, a P/E/G ratio of 1.92 and a beta of 0.47. The company has a current ratio of 0.93, a quick ratio of 0.21 and a debt-to-equity ratio of 2.31.

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.