Albertsons Companies, Inc. (NYSE:ACI) Short Interest Up 6.9% in March

Albertsons Companies, Inc. (NYSE:ACIGet Free Report) was the target of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 15,390,000 shares, a growth of 6.9% from the February 29th total of 14,390,000 shares. Approximately 4.6% of the shares of the company are short sold. Based on an average trading volume of 3,490,000 shares, the days-to-cover ratio is presently 4.4 days.

Analyst Upgrades and Downgrades

ACI has been the subject of several research reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $24.00 price target on shares of Albertsons Companies in a report on Tuesday, February 13th. Tigress Financial reissued a “buy” rating and issued a $27.00 price target on shares of Albertsons Companies in a report on Friday, January 12th. Telsey Advisory Group restated a “market perform” rating and set a $27.25 price objective on shares of Albertsons Companies in a report on Thursday, January 4th. Finally, Roth Mkm increased their target price on Albertsons Companies from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 10th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $25.56.

Check Out Our Latest Stock Analysis on Albertsons Companies

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Neuberger Berman Group LLC lifted its stake in Albertsons Companies by 5.5% in the 3rd quarter. Neuberger Berman Group LLC now owns 9,453 shares of the company’s stock valued at $235,000 after purchasing an additional 492 shares during the last quarter. Peddock Capital Advisors LLC boosted its holdings in shares of Albertsons Companies by 2.2% during the 4th quarter. Peddock Capital Advisors LLC now owns 23,401 shares of the company’s stock valued at $538,000 after acquiring an additional 500 shares in the last quarter. Asset Management One Co. Ltd. grew its position in Albertsons Companies by 0.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 107,919 shares of the company’s stock worth $2,455,000 after acquiring an additional 519 shares during the last quarter. Verus Capital Partners LLC increased its holdings in Albertsons Companies by 3.7% in the 3rd quarter. Verus Capital Partners LLC now owns 14,998 shares of the company’s stock worth $341,000 after purchasing an additional 540 shares in the last quarter. Finally, Sei Investments Co. raised its position in Albertsons Companies by 1.9% in the third quarter. Sei Investments Co. now owns 31,692 shares of the company’s stock valued at $721,000 after purchasing an additional 578 shares during the last quarter. Institutional investors own 71.35% of the company’s stock.

Albertsons Companies Price Performance

ACI stock opened at $21.30 on Tuesday. The company’s 50-day moving average price is $21.13 and its two-hundred day moving average price is $21.89. The firm has a market cap of $12.27 billion, a P/E ratio of 9.10, a P/E/G ratio of 1.01 and a beta of 0.49. The company has a quick ratio of 0.19, a current ratio of 0.85 and a debt-to-equity ratio of 3.09. Albertsons Companies has a 12 month low of $19.88 and a 12 month high of $23.88.

Albertsons Companies (NYSE:ACIGet Free Report) last released its earnings results on Tuesday, January 9th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.14. Albertsons Companies had a return on equity of 83.38% and a net margin of 1.71%. The firm had revenue of $18.56 billion during the quarter, compared to analysts’ expectations of $18.36 billion. During the same period in the prior year, the company earned $0.82 earnings per share. The company’s quarterly revenue was up 2.2% on a year-over-year basis. On average, analysts anticipate that Albertsons Companies will post 2.75 earnings per share for the current fiscal year.

Albertsons Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 9th. Shareholders of record on Friday, January 26th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date was Thursday, January 25th. Albertsons Companies’s dividend payout ratio is presently 20.51%.

About Albertsons Companies

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Albertsons Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Albertsons Companies and related companies with MarketBeat.com's FREE daily email newsletter.