Albertsons Companies, Inc. (NYSE:ACI) Short Interest Update

Albertsons Companies, Inc. (NYSE:ACIGet Rating) saw a significant growth in short interest in the month of December. As of December 30th, there was short interest totalling 6,040,000 shares, a growth of 12.1% from the December 15th total of 5,390,000 shares. Currently, 3.2% of the company’s shares are sold short. Based on an average trading volume of 4,870,000 shares, the days-to-cover ratio is currently 1.2 days.

Hedge Funds Weigh In On Albertsons Companies

Several large investors have recently modified their holdings of ACI. Neuberger Berman Group LLC grew its position 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 acquiring an additional 492 shares during the last quarter. Synovus Financial Corp grew its position in Albertsons Companies by 4.2% in the 2nd quarter. Synovus Financial Corp now owns 13,021 shares of the company’s stock valued at $348,000 after acquiring an additional 526 shares during the last quarter. Prime Capital Investment Advisors LLC grew its position in Albertsons Companies by 5.3% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 11,993 shares of the company’s stock valued at $298,000 after acquiring an additional 600 shares during the last quarter. Royal Bank of Canada grew its position in Albertsons Companies by 1.2% in the 1st quarter. Royal Bank of Canada now owns 56,578 shares of the company’s stock valued at $1,881,000 after acquiring an additional 688 shares during the last quarter. Finally, Towle & Co grew its position in Albertsons Companies by 3.2% in the 3rd quarter. Towle & Co now owns 22,820 shares of the company’s stock valued at $567,000 after acquiring an additional 700 shares during the last quarter. Institutional investors own 65.58% of the company’s stock.

Albertsons Companies Stock Performance

NYSE ACI opened at $21.03 on Tuesday. The company has a market cap of $11.27 billion, a P/E ratio of 8.69, a P/E/G ratio of 1.34 and a beta of 0.33. The company has a debt-to-equity ratio of 8.66, a quick ratio of 0.42 and a current ratio of 0.80. The business’s 50 day moving average price is $20.93 and its 200-day moving average price is $24.15. Albertsons Companies has a fifty-two week low of $20.05 and a fifty-two week high of $37.99.

Albertsons Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 10th. Stockholders of record on Thursday, January 26th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.28%. The ex-dividend date is Wednesday, January 25th. Albertsons Companies’s dividend payout ratio is currently 19.83%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on ACI shares. Telsey Advisory Group downgraded Albertsons Companies from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $37.00 to $27.25 in a report on Wednesday, October 19th. Sanford C. Bernstein initiated coverage on Albertsons Companies in a report on Tuesday, December 6th. They issued an “outperform” rating and a $26.00 price objective for the company. Guggenheim downgraded Albertsons Companies from a “buy” rating to a “neutral” rating in a report on Monday, October 17th. Wells Fargo & Company dropped their target price on Albertsons Companies from $30.00 to $22.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 4th. Finally, BMO Capital Markets raised Albertsons Companies from an “underperform” rating to a “market perform” rating and lowered their price objective for the company from $24.00 to $21.00 in a research report on Friday, October 21st. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $28.77.

Albertsons Companies Company Profile

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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

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