AQR Capital Management LLC Raises Stake in Albertsons Companies, Inc. (NYSE:ACI)

AQR Capital Management LLC raised its stake in Albertsons Companies, Inc. (NYSE:ACI) by 1.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,655 shares of the company’s stock after buying an additional 933 shares during the period. AQR Capital Management LLC’s holdings in Albertsons Companies were worth $1,198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in ACI. Geneos Wealth Management Inc. bought a new stake in shares of Albertsons Companies in the 1st quarter valued at about $41,000. Signaturefd LLC raised its stake in Albertsons Companies by 108.4% in the second quarter. Signaturefd LLC now owns 2,365 shares of the company’s stock worth $47,000 after buying an additional 1,230 shares in the last quarter. Blue Trust Inc. lifted its holdings in Albertsons Companies by 2,948.4% during the second quarter. Blue Trust Inc. now owns 2,896 shares of the company’s stock worth $62,000 after buying an additional 2,801 shares during the period. UniSuper Management Pty Ltd boosted its position in Albertsons Companies by 133.3% during the 1st quarter. UniSuper Management Pty Ltd now owns 4,900 shares of the company’s stock valued at $105,000 after acquiring an additional 2,800 shares in the last quarter. Finally, Intact Investment Management Inc. purchased a new position in shares of Albertsons Companies in the 2nd quarter valued at $126,000. 71.35% of the stock is currently owned by institutional investors.

Albertsons Companies Trading Up 0.4 %

Shares of Albertsons Companies stock opened at $18.37 on Friday. The firm’s 50 day simple moving average is $19.23 and its two-hundred day simple moving average is $19.93. The firm has a market capitalization of $10.64 billion, a price-to-earnings ratio of 9.57, a PEG ratio of 1.02 and a beta of 0.48. Albertsons Companies, Inc. has a 12-month low of $17.80 and a 12-month high of $23.47. The company has a current ratio of 0.88, a quick ratio of 0.21 and a debt-to-equity ratio of 2.67.

Albertsons Companies (NYSE:ACI) last released its earnings results on Tuesday, July 23rd. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $24.16 billion. During the same period in the previous year, the company earned $0.89 earnings per share. Albertsons Companies’s revenue was up .9% on a year-over-year basis. Analysts predict that Albertsons Companies, Inc. will post 2.25 EPS for the current year.

Wall Street Analysts Forecast Growth

ACI has been the subject of a number of analyst reports. Telsey Advisory Group restated a “market perform” rating and set a $27.25 price objective on shares of Albertsons Companies in a research note on Friday. Melius Research assumed coverage on shares of Albertsons Companies in a report on Monday, September 23rd. They issued a “hold” rating and a $19.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $23.54.

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.