Americold Realty Trust Inc. $COLD Stock: Private Management Group Inc. Reduces Position

Private Management Group Inc. lowered its holdings in shares of Americold Realty Trust Inc. (NYSE:COLD) by 14.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,018,832 shares of the company’s stock after selling 661,088 shares during the period. Americold Realty Trust comprises 1.4% of Private Management Group Inc.’s portfolio, making the stock its 4th largest holding. Private Management Group Inc.’s holdings in Americold Realty Trust were worth $56,183,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fulcrum Asset Management LLP increased its stake in shares of Americold Realty Trust by 2,530.2% during the 3rd quarter. Fulcrum Asset Management LLP now owns 8,785 shares of the company’s stock worth $128,000 after purchasing an additional 8,451 shares in the last quarter. Ethic Inc. acquired a new position in shares of Americold Realty Trust during the 3rd quarter worth approximately $147,000. Pictet Asset Management Holding SA lifted its stake in Americold Realty Trust by 8.2% in the 3rd quarter. Pictet Asset Management Holding SA now owns 45,970 shares of the company’s stock valued at $643,000 after buying an additional 3,479 shares in the last quarter. Kestra Advisory Services LLC lifted its stake in Americold Realty Trust by 17.8% in the 3rd quarter. Kestra Advisory Services LLC now owns 50,618 shares of the company’s stock valued at $708,000 after buying an additional 7,666 shares in the last quarter. Finally, Vise Technologies Inc. purchased a new stake in Americold Realty Trust in the 3rd quarter valued at approximately $285,000. Institutional investors and hedge funds own 98.14% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. upgraded Americold Realty Trust from an “underweight” rating to a “neutral” rating and set a $16.00 target price on the stock in a report on Thursday, September 24th. Evercore restated an “outperform” rating and issued a $19.00 price objective on shares of Americold Realty Trust in a research report on Friday, August 7th. Weiss Ratings downgraded Americold Realty Trust from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 11th. Scotiabank raised Americold Realty Trust from a “sector perform” rating to a “sector outperform” rating and set a $16.00 price objective on the stock in a research note on Friday, October 2nd. Finally, UBS Group dropped their price objective on Americold Realty Trust from $16.00 to $14.00 and set a “neutral” rating for the company in a research report on Tuesday, October 20th. Five equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $15.46.

Americold Realty Trust Stock Performance

NYSE:COLD opened at $16.02 on Tuesday. The firm has a 50 day simple moving average of $14.40 and a 200-day simple moving average of $13.87. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.10 and a quick ratio of 0.10. The firm has a market cap of $4.57 billion, a PE ratio of 11.09 and a beta of 0.93. Americold Realty Trust Inc. has a 1-year low of $10.10 and a 1-year high of $16.88.

Americold Realty Trust (NYSE:COLD) last announced its quarterly earnings data on Thursday, November 5th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.37. Americold Realty Trust had a negative net margin of 17.44% and a negative return on equity of 16.14%. The business had revenue of $691.56 million for the quarter, compared to the consensus estimate of $640.82 million. During the same quarter in the prior year, the firm posted $0.35 earnings per share. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, equities analysts expect that Americold Realty Trust Inc. will post 1.22 EPS for the current year.

Americold Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend was Wednesday, September 30th. Americold Realty Trust’s dividend payout ratio is currently 110.84%.

Americold Realty Trust Profile

Americold Realty Trust is a real estate investment trust that owns and operates temperature-controlled warehouses and provides logistics services for the food supply chain. Its facilities help customers store and move perishable products, including food produced by manufacturers and processors and products distributed to retailers and food-service businesses.

The company offers refrigerated and frozen storage, handling, transportation and other supply chain services. It also manages temperature-controlled facilities for third parties, combining warehouse space with operational support for customers’ distribution needs.

Americold serves customers through a network spanning multiple regions, including North America, Europe, South America and the Asia-Pacific.