Private Management Group Inc. Raises Stock Holdings in Americold Realty Trust Inc. $COLD

Private Management Group Inc. raised its position in shares of Americold Realty Trust Inc. (NYSE:COLD) by 70.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,218,350 shares of the company’s stock after buying an additional 920,137 shares during the period. Americold Realty Trust accounts for about 1.2% of Private Management Group Inc.’s investment portfolio, making the stock its 21st biggest holding. Private Management Group Inc.’s holdings in Americold Realty Trust were worth $36,891,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the company. AlphaQuest LLC increased its position in shares of Americold Realty Trust by 7.3% during the second quarter. AlphaQuest LLC now owns 9,334 shares of the company’s stock worth $155,000 after purchasing an additional 633 shares in the last quarter. Janney Montgomery Scott LLC increased its position in Americold Realty Trust by 1.9% during the 2nd quarter. Janney Montgomery Scott LLC now owns 33,568 shares of the company’s stock valued at $558,000 after buying an additional 634 shares in the last quarter. GC Wealth Management RIA LLC raised its stake in Americold Realty Trust by 5.9% in the second quarter. GC Wealth Management RIA LLC now owns 12,095 shares of the company’s stock valued at $201,000 after buying an additional 679 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in Americold Realty Trust by 0.6% in the second quarter. State of Alaska Department of Revenue now owns 139,652 shares of the company’s stock worth $2,321,000 after acquiring an additional 824 shares in the last quarter. Finally, Assetmark Inc. grew its stake in shares of Americold Realty Trust by 64.2% during the first quarter. Assetmark Inc. now owns 2,113 shares of the company’s stock worth $45,000 after acquiring an additional 826 shares during the last quarter. Institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Stock Performance

Shares of COLD stock opened at $10.36 on Friday. Americold Realty Trust Inc. has a 52-week low of $10.10 and a 52-week high of $24.22. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.13. The stock has a market cap of $2.95 billion, a PE ratio of -54.53, a price-to-earnings-growth ratio of 4.00 and a beta of 0.84. The business has a 50-day simple moving average of $12.59 and a 200-day simple moving average of $14.91.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. Americold Realty Trust had a negative return on equity of 1.68% and a negative net margin of 2.09%.The company had revenue of $663.67 million during the quarter, compared to analysts’ expectations of $659.51 million. During the same period last year, the business earned $0.35 earnings per share. Americold Realty Trust’s quarterly revenue was down 1.6% on a year-over-year basis. Americold Realty Trust has set its FY 2025 guidance at 1.390-1.450 EPS. On average, equities analysts expect that Americold Realty Trust Inc. will post 1.47 EPS for the current year.

Americold Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.92 dividend on an annualized basis and a yield of 8.9%. Americold Realty Trust’s dividend payout ratio is -418.18%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. KeyCorp lowered their target price on shares of Americold Realty Trust from $23.00 to $18.00 and set an “overweight” rating for the company in a research note on Friday, October 3rd. Royal Bank Of Canada lowered shares of Americold Realty Trust from a “moderate buy” rating to a “hold” rating in a report on Friday, November 7th. Evercore ISI restated an “in-line” rating and issued a $13.00 target price (down previously from $19.00) on shares of Americold Realty Trust in a research note on Friday, November 7th. Scotiabank cut their price objective on Americold Realty Trust from $14.00 to $12.00 and set a “sector perform” rating on the stock in a report on Wednesday, November 12th. Finally, Zacks Research downgraded Americold Realty Trust from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 9th. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $16.62.

Americold Realty Trust Profile

Americold Realty Trust, Inc is a real estate investment trust, which focuses on the ownership, operation, development, and acquisition of temperature-controlled warehouses. It operates through the following segments: Warehouse, Third-Party Managed, Transportation, and Other. The Warehouse segment collects rent and storage fees from customers to store frozen and perishable food and other products within the firm’s real estate portfolio.