Calamos Advisors LLC Purchases 705,861 Shares of Albertsons Companies, Inc. (NYSE:ACI)

Calamos Advisors LLC grew its position in shares of Albertsons Companies, Inc. (NYSE:ACI) by 88.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,504,264 shares of the company’s stock after buying an additional 705,861 shares during the period. Calamos Advisors LLC owned approximately 0.26% of Albertsons Companies worth $34,598,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. NBC Securities Inc. acquired a new stake in Albertsons Companies in the 3rd quarter worth about $28,000. Blue Trust Inc. grew its holdings in shares of Albertsons Companies by 255.1% during the 4th quarter. Blue Trust Inc. now owns 1,463 shares of the company’s stock worth $34,000 after purchasing an additional 1,051 shares in the last quarter. UniSuper Management Pty Ltd acquired a new stake in shares of Albertsons Companies during the 2nd quarter worth $46,000. Resurgent Financial Advisors LLC bought a new position in shares of Albertsons Companies in the fourth quarter worth $45,000. Finally, Great West Life Assurance Co. Can acquired a new position in Albertsons Companies in the first quarter valued at about $77,000. Institutional investors and hedge funds own 71.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on ACI. Tigress Financial reissued a “buy” rating and issued a $27.00 target price on shares of Albertsons Companies in a report on Friday, January 12th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $24.00 target price on shares of Albertsons Companies in a report on Tuesday, February 13th. Evercore ISI reduced their price objective on Albertsons Companies from $23.00 to $22.00 and set an “in-line” rating on the stock in a research note on Tuesday. Roth Mkm raised their price target on shares of Albertsons Companies from $23.00 to $24.00 and gave the company a “neutral” rating in a research note on Wednesday, January 10th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $27.25 target price on shares of Albertsons Companies in a report on Wednesday. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Albertsons Companies has a consensus rating of “Hold” and an average target price of $24.85.

Albertsons Companies Stock Up 0.1 %

Shares of Albertsons Companies stock traded up $0.02 during trading hours on Thursday, reaching $20.46. The company’s stock had a trading volume of 2,074,762 shares, compared to its average volume of 3,465,126. The company has a market capitalization of $11.79 billion, a P/E ratio of 8.74, a P/E/G ratio of 0.95 and a beta of 0.50. The stock’s fifty day simple moving average is $20.95 and its two-hundred day simple moving average is $21.70. Albertsons Companies, Inc. has a one year low of $19.88 and a one year high of $23.88. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.19 and a current ratio of 0.85.

Albertsons Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 26th will be paid a dividend of $0.12 per share. The ex-dividend date is Thursday, April 25th. This represents a $0.48 dividend on an annualized basis and a yield of 2.35%. Albertsons Companies’s dividend payout ratio (DPR) is currently 20.51%.

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.