Albertsons Companies, Inc. (NYSE:ACI) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its stake in Albertsons Companies, Inc. (NYSE:ACI) by 75.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 259,149 shares of the company’s stock after acquiring an additional 111,842 shares during the quarter. Russell Investments Group Ltd.’s holdings in Albertsons Companies were worth $5,089,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ACI. Private Management Group Inc. boosted its stake in shares of Albertsons Companies by 2.0% during the 4th quarter. Private Management Group Inc. now owns 2,196,484 shares of the company’s stock worth $43,138,000 after purchasing an additional 43,532 shares during the last quarter. NINE MASTS CAPITAL Ltd acquired a new stake in Albertsons Companies during the fourth quarter worth approximately $746,000. ORBA Wealth Advisors L.L.C. purchased a new stake in Albertsons Companies in the 4th quarter worth approximately $433,000. Synergy Asset Management LLC acquired a new position in Albertsons Companies in the 4th quarter valued at $248,000. Finally, Econ Financial Services Corp purchased a new position in shares of Albertsons Companies during the 4th quarter worth $499,000. Institutional investors and hedge funds own 71.35% of the company’s stock.

Analysts Set New Price Targets

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

Albertsons Companies Stock Up 1.5 %

Shares of NYSE ACI opened at $21.50 on Tuesday. The stock has a fifty day moving average price of $21.18 and a 200 day moving average price of $19.92. 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, Inc. has a 12-month low of $17.00 and a 12-month high of $23.20. The company has a market cap of $12.46 billion, a P/E ratio of 12.08, a P/E/G ratio of 1.92 and a beta of 0.47.

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.