Americold Realty Trust, Inc. (NYSE:COLD) Stake Cut by Bamco Inc. NY

Bamco Inc. NY lessened its holdings in Americold Realty Trust, Inc. (NYSE:COLD) by 41.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 500,000 shares of the company’s stock after selling 350,000 shares during the quarter. Bamco Inc. NY owned approximately 0.18% of Americold Realty Trust worth $14,135,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. boosted its holdings in shares of Americold Realty Trust by 2,288.1% in the 3rd quarter. Assetmark Inc. now owns 1,003 shares of the company’s stock valued at $28,000 after buying an additional 961 shares during the period. GAMMA Investing LLC boosted its stake in Americold Realty Trust by 189.9% in the third quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock valued at $32,000 after acquiring an additional 735 shares during the period. Loomis Sayles & Co. L P bought a new position in shares of Americold Realty Trust during the third quarter valued at approximately $55,000. Blue Trust Inc. raised its position in shares of Americold Realty Trust by 2,727.4% during the 2nd quarter. Blue Trust Inc. now owns 2,997 shares of the company’s stock worth $75,000 after purchasing an additional 2,891 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Americold Realty Trust during the 2nd quarter worth approximately $85,000. Institutional investors own 98.14% of the company’s stock.

Analyst Upgrades and Downgrades

COLD has been the subject of a number of recent research reports. Evercore ISI upped their price objective on Americold Realty Trust from $33.00 to $34.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Wells Fargo & Company increased their price objective on shares of Americold Realty Trust from $24.00 to $30.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 28th. Royal Bank of Canada dropped their price target on shares of Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 13th. Truist Financial boosted their price objective on Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, Robert W. Baird lowered their target price on Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Americold Realty Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.55.

Americold Realty Trust Trading Down 1.9 %

Shares of Americold Realty Trust stock opened at $23.40 on Tuesday. The business has a fifty day simple moving average of $25.45 and a 200-day simple moving average of $26.87. The firm has a market cap of $6.65 billion, a price-to-earnings ratio of -23.17, a price-to-earnings-growth ratio of 1.89 and a beta of 0.61. Americold Realty Trust, Inc. has a fifty-two week low of $21.53 and a fifty-two week high of $30.92. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.11.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.35). The business had revenue of $674.17 million for the quarter, compared to the consensus estimate of $663.87 million. Americold Realty Trust had a negative net margin of 10.63% and a negative return on equity of 8.08%. The business’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter last year, the business posted $0.32 EPS. On average, equities analysts forecast that Americold Realty Trust, Inc. will post 1.38 EPS for the current fiscal year.

Americold Realty Trust Company Profile

Americold is a global leader in temperature-controlled logistics real estate and value added services. Focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, Americold owns and/or operates 245 temperature-controlled warehouses, with approximately 1.5 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America.