Capital Insight Partners LLC Grows Position in Americold Realty Trust, Inc. (NYSE:COLD)

Capital Insight Partners LLC raised its stake in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 2.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,274 shares of the company’s stock after acquiring an additional 380 shares during the quarter. Capital Insight Partners LLC’s holdings in Americold Realty Trust were worth $390,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in COLD. Norges Bank purchased a new stake in Americold Realty Trust in the fourth quarter valued at approximately $677,077,000. Principal Financial Group Inc. increased its holdings in Americold Realty Trust by 36,753.5% in the 4th quarter. Principal Financial Group Inc. now owns 7,818,833 shares of the company’s stock worth $236,676,000 after acquiring an additional 7,797,617 shares in the last quarter. PGGM Investments acquired a new position in shares of Americold Realty Trust during the 2nd quarter worth about $114,436,000. Long Pond Capital LP purchased a new position in Americold Realty Trust in the 1st quarter valued at $106,206,000. Finally, V3 Capital Management L.P. lifted its stake in Americold Realty Trust by 181.5% in the 1st quarter. V3 Capital Management L.P. now owns 2,605,975 shares of the company’s stock worth $64,941,000 after purchasing an additional 1,680,275 shares in the last quarter. Institutional investors own 98.14% of the company’s stock.

Americold Realty Trust Price Performance

Shares of COLD opened at $29.53 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.16 and a current ratio of 0.16. Americold Realty Trust, Inc. has a fifty-two week low of $21.87 and a fifty-two week high of $33.90. The firm has a 50-day simple moving average of $27.74 and a 200-day simple moving average of $26.00. The company has a market capitalization of $8.39 billion, a price-to-earnings ratio of -25.24, a price-to-earnings-growth ratio of 2.14 and a beta of 0.59.

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings results on Thursday, August 8th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.54). The company had revenue of $660.96 million for the quarter, compared to analyst estimates of $653.74 million. Americold Realty Trust had a negative return on equity of 8.55% and a negative net margin of 12.17%. Americold Realty Trust’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.28 earnings per share. On average, equities research analysts anticipate that Americold Realty Trust, Inc. will post 1.35 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on COLD. Scotiabank lifted their price target on shares of Americold Realty Trust from $30.00 to $31.00 and gave the company a “sector outperform” rating in a research report on Monday, August 19th. JPMorgan Chase & Co. raised Americold Realty Trust from a “neutral” rating to an “overweight” rating and set a $30.00 price target for the company in a report on Wednesday, June 26th. Barclays dropped their target price on shares of Americold Realty Trust from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 14th. Robert W. Baird boosted their price target on shares of Americold Realty Trust from $29.00 to $31.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Finally, Truist Financial lifted their target price 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. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $30.45.

About Americold Realty Trust

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.