Published on 12 Jan 2022 on Insider Monkey via Yahoo Finance

Is Albertsons Companies, Inc. (ACI) A Good Stock To Buy?

In this article we will take a look at whether hedge funds think Albertsons Companies, Inc. (NYSE:ACI) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get tips from investment bankers and industry insiders. Sure they sometimes fail miserably, but their consensus stock picks historically outperformed the market after adjusting for known risk factors.

Is Albertsons Companies, Inc. (ACI) a good stock to buy now? The best stock pickers were buying. The number of bullish hedge fund positions advanced by 1 lately. Albertsons Companies, Inc. (NYSE:ACI) was in 21 hedge funds' portfolios at the end of September. The all time high for this statistic is 30. Our calculations also showed that ACI isn't among the 30 most popular stocks among hedge funds (click for Q2 rankings). There were 20 hedge funds in our database with ACI positions at the end of the second quarter.

At Insider Monkey, we scour multiple sources to uncover the next great investment idea. For example, lithium prices have more than doubled over the past year, so we go through lists like the 10 best EV stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. Keeping this in mind let's take a look at the latest hedge fund action encompassing Albertsons Companies, Inc. (NYSE:ACI).