Insider Buying: AmeriCold Realty Trust (NYSE:COLD) Director Acquires 6,000 Shares of Stock

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AmeriCold Realty Trust (NYSE:COLD) Director Kelly Hefner Barrett bought 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were acquired at an average price of $34.96 per share, with a total value of $209,760.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NYSE COLD traded up $0.41 on Thursday, reaching $35.40. 1,539,142 shares of the company’s stock traded hands, compared to its average volume of 2,304,340. AmeriCold Realty Trust has a fifty-two week low of $22.92 and a fifty-two week high of $35.90. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.24 and a current ratio of 0.24. The stock has a 50 day moving average price of $33.91 and a 200-day moving average price of $31.57. The firm has a market cap of $6.80 billion, a price-to-earnings ratio of 30.00, a P/E/G ratio of 3.27 and a beta of 0.70.

AmeriCold Realty Trust (NYSE:COLD) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.23). AmeriCold Realty Trust had a net margin of 1.67% and a return on equity of 3.89%. The firm had revenue of $438.46 million during the quarter, compared to analysts’ expectations of $419.30 million. During the same period in the previous year, the firm posted $0.29 EPS. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. As a group, equities research analysts anticipate that AmeriCold Realty Trust will post 1.16 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Huntington National Bank purchased a new stake in shares of AmeriCold Realty Trust during the second quarter worth about $28,000. QCI Asset Management Inc. NY purchased a new stake in AmeriCold Realty Trust during the 2nd quarter valued at about $54,000. Quadrant Capital Group LLC purchased a new stake in AmeriCold Realty Trust during the 1st quarter valued at about $56,000. FNY Investment Advisers LLC purchased a new stake in AmeriCold Realty Trust during the 2nd quarter valued at about $81,000. Finally, First Mercantile Trust Co. purchased a new stake in AmeriCold Realty Trust during the 2nd quarter valued at about $101,000. 87.27% of the stock is owned by institutional investors.

A number of research analysts recently issued reports on COLD shares. Robert W. Baird boosted their target price on shares of AmeriCold Realty Trust from $35.00 to $38.00 and gave the company an “outperform” rating in a research report on Monday. Bank of America boosted their target price on shares of AmeriCold Realty Trust from $37.00 to $42.50 and gave the company a “buy” rating in a research report on Thursday. Zacks Investment Research downgraded shares of AmeriCold Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday, April 25th. Raymond James boosted their target price on shares of AmeriCold Realty Trust from $31.00 to $33.50 and gave the company an “outperform” rating in a research report on Monday, April 22nd. Finally, TheStreet upgraded shares of AmeriCold Realty Trust from a “d” rating to a “c” rating in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $35.57.

About AmeriCold Realty Trust

Americold is the world's largest owner and operator of temperature-controlled warehouses. Based in Atlanta, Georgia, Americold owns and operates 155 temperature-controlled warehouses, with approximately 918.7 million refrigerated cubic feet of storage, in the United States, Australia, New Zealand, Canada, and Argentina.

Read More: What is the price-to-earnings growth (PEG) ratio?

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