HPS Investment Partners LLC recently announced the acquisition of new stake in Albertsons Companies Inc. (NYSE:ACI). This fresh investment now brings its stake to 7.08% valued currently at $503.89 million. In addition, Citadel Advisors LLC raised its holdings by 6.42 million to 6.42 million shares.
With over 3.82 million Albertsons Companies Inc. (ACI) shares trading Tuesday and a closing price of $13.94 on the day, the dollar volume was approximately $53.31 million. The shares have shown a negative weekly performance of -4.46% and its price on 09/01/20 gained nearly 1.09%. Currently, there are 568.00M common shares owned by the public and among those 227.86M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 18 analysts who have offered their price forecasts for ACI have a consensus price objective of $19.88. The analysts have set the share’s price value over the next 12 months at a high of $26.00 and a low of $15.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Albertsons Companies Inc. stock is 2.00 for the next 12 months. The average price target is 29.42% above its last price level and an upside to the estimated low will see the stock gain 7.07% over that period. But an upside of 46.38% will see the stock hit the forecast high price target while mean target price for the stock is $19.00.
The top 3 mutual fund holders in Albertsons Companies Inc. are MFS Mid Cap Value Fund, Vanguard Total Stock Market Index, and Vanguard Small Cap Index Fund. MFS Mid Cap Value Fund owns 2.89 million shares of the company’s stock, all valued at over $42.93 million. The company bought an additional 2.89 million shares recently to bring their total holdings to about 0.60% of the shares outstanding. Vanguard Total Stock Market Index bought 1.3 million shares to see its total holdings expand to 1.37 million shares valued at over $20.3 million and representing 0.24% of the shares outstanding. Vanguard Small Cap Index Fund bought 1.13 million shares to bring its total holdings to over 1.19 million shares at a value of $17.72 million. Vanguard Small Cap Index Fund now owns shares totaling to 0.21% of the shares outstanding.
Shares of Albertsons Companies Inc. (NYSE: ACI) opened at $13.85, up $0.06 from a prior closing price of $13.79. However, the script later closed the day at $13.94, up 1.09%. It has a 12-month low price of $13.72 and touched a high of $16.50 over the same period. Currently, 3.82 million shares have been traded, compared to an average intraday trading volume of 3.61 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -6.41%, -7.70%, and -7.70% respectively.
Institutional ownership of Albertsons Companies Inc. (NYSE: ACI) shares accounts for 55.30% of the company’s 568.00M shares outstanding. Mutual fund holders own 10.42%, while other institutional holders and individual stakeholders account for 12.92% and 1.48% respectively.
It has a market capitalization of $6.82B. The stock’s trailing 12-month PE ratio is 5.57, while the earnings-per-share (ttm) stands at $2.50. The company has a PEG of 0.42 and a Quick Ratio of 0.40 with the debt-to-equity ratio at 7.28. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.94% over the week and 2.67% over the month.
Analysts forecast that Albertsons Companies Inc. (ACI) will achieve an EPS of $0.23 for the current quarter, $0.27 for the next quarter and $1.5 for 2022. The lowest estimate earnings-per-share for the quarter is $0.1 while analysts give the company a high EPS estimate of $0.39. Earnings per share for the fiscal year are expected to increase by 523.60%, and -31.17% over the next financial year. EPS should shrink at an annualized rate of 13.21% over the next five years, compared to 18.90% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 18 brokerage firm advisors rate Albertsons Companies Inc. (ACI) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 14 Wall Street analysts polled rate the stock as a buy, while 4 of the 18 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the ACI, a number of firms have released research notes about the stock. Credit Suisse stated their Outperform rating for the stock in a research note on August 06, 2020, with the firm’s price target at $18. MKM Partners coverage for the Albertsons Companies Inc. (ACI) stock in a research note released on July 30, 2020 offered a Neutral rating with a price target of $17. Wells Fargo was of a view on July 21, 2020 that the stock is Overweight, while Telsey Advisory Group gave the stock Outperform rating on July 21, 2020, issuing a price target of $26. RBC Capital Mkts on their part issued Outperform rating on July 21, 2020.