Cubist Systematic Strategies LLC Takes $687,000 Position in Albertsons Companies, Inc. (NYSE:ACI)

Cubist Systematic Strategies LLC purchased a new position in Albertsons Companies, Inc. (NYSE:ACI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 34,800 shares of the company’s stock, valued at approximately $687,000.

Several other institutional investors also recently added to or reduced their stakes in ACI. Bank of New York Mellon Corp increased its stake in Albertsons Companies by 38.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,426,264 shares of the company’s stock worth $67,669,000 after buying an additional 956,744 shares during the period. Dimensional Fund Advisors LP increased its stake in Albertsons Companies by 25.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,624,692 shares of the company’s stock worth $91,337,000 after buying an additional 924,519 shares during the period. Lubert Adler Management Company LP increased its stake in Albertsons Companies by 47.1% in the 2nd quarter. Lubert Adler Management Company LP now owns 2,664,735 shares of the company’s stock worth $52,629,000 after buying an additional 852,857 shares during the period. Canada Pension Plan Investment Board increased its stake in Albertsons Companies by 546.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 954,400 shares of the company’s stock worth $18,849,000 after buying an additional 806,800 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in Albertsons Companies by 84.7% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,598,800 shares of the company’s stock worth $34,278,000 after buying an additional 733,000 shares during the period. Hedge funds and other institutional investors own 71.35% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on ACI shares. Melius Research started coverage on shares of Albertsons Companies in a research note on Monday, September 23rd. They issued a “hold” rating and a $19.00 price target on the stock. Telsey Advisory Group reissued a “market perform” rating and set a $27.25 target price on shares of Albertsons Companies in a research report on Friday. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $23.54.

Albertsons Companies Trading Up 0.4 %

NYSE ACI opened at $18.37 on Friday. The company has a debt-to-equity ratio of 2.67, a quick ratio of 0.21 and a current ratio of 0.88. The company has a market capitalization of $10.64 billion, a price-to-earnings ratio of 9.57, a price-to-earnings-growth ratio of 1.02 and a beta of 0.48. The company’s 50-day simple moving average is $19.23 and its two-hundred day simple moving average is $19.92. Albertsons Companies, Inc. has a one year low of $17.80 and a one year high of $23.47.

Albertsons Companies (NYSE:ACI) last released its quarterly earnings results on Tuesday, July 23rd. The company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). Albertsons Companies had a net margin of 1.41% and a return on equity of 56.01%. The firm had revenue of $24.27 billion during the quarter, compared to the consensus estimate of $24.16 billion. During the same quarter in the prior year, the business posted $0.89 earnings per share. The firm’s quarterly revenue was up .9% on a year-over-year basis. Equities analysts forecast that Albertsons Companies, Inc. will post 2.25 EPS for the current fiscal year.

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.