Americold Realty Trust Inc. $COLD Shares Bought by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its stake in shares of Americold Realty Trust Inc. (NYSE:COLD) by 70.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 220,838 shares of the company’s stock after purchasing an additional 90,912 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Americold Realty Trust were worth $2,703,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. boosted its position in Americold Realty Trust by 23.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 921,709 shares of the company’s stock valued at $11,282,000 after purchasing an additional 176,581 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of Americold Realty Trust by 268.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 5,219 shares of the company’s stock worth $63,000 after acquiring an additional 3,801 shares during the period. AlphaQuest LLC lifted its position in Americold Realty Trust by 227.4% in the 3rd quarter. AlphaQuest LLC now owns 30,560 shares of the company’s stock valued at $374,000 after purchasing an additional 21,226 shares during the last quarter. Arizona State Retirement System boosted its stake in Americold Realty Trust by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 80,041 shares of the company’s stock valued at $980,000 after purchasing an additional 1,103 shares during the period. Finally, LRI Investments LLC grew its position in Americold Realty Trust by 90.4% in the 3rd quarter. LRI Investments LLC now owns 2,161 shares of the company’s stock worth $26,000 after purchasing an additional 1,026 shares during the last quarter. Institutional investors own 98.14% of the company’s stock.

Wall Street Analyst Weigh In

COLD has been the topic of a number of recent analyst reports. Zacks Research raised Americold Realty Trust from a “strong sell” rating to a “hold” rating in a report on Monday, November 24th. Wells Fargo & Company lowered their target price on Americold Realty Trust from $15.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 25th. Truist Financial reduced their price target on Americold Realty Trust from $17.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, December 24th. Robert W. Baird reiterated a “neutral” rating and issued a $13.00 target price (down previously from $16.00) on shares of Americold Realty Trust in a research report on Thursday, December 18th. Finally, Scotiabank boosted their price target on shares of Americold Realty Trust from $12.00 to $14.00 and gave the stock a “sector perform” rating in a research report on Friday, January 9th. Three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $13.85.

Americold Realty Trust Price Performance

NYSE:COLD opened at $12.68 on Friday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.16. The business’s 50-day moving average price is $12.58 and its 200 day moving average price is $13.17. Americold Realty Trust Inc. has a 52-week low of $10.10 and a 52-week high of $23.52. The firm has a market cap of $3.61 billion, a P/E ratio of -57.64, a PEG ratio of 4.44 and a beta of 0.91.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.35 earnings per share for the quarter, meeting the consensus estimate of $0.35. The company had revenue of $663.67 million during the quarter, compared to analyst estimates of $659.51 million. Americold Realty Trust had a negative net margin of 2.39% and a negative return on equity of 1.96%. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 EPS. As a group, sell-side analysts predict that Americold Realty Trust Inc. will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $0.92 annualized dividend and a yield of 7.3%. Americold Realty Trust’s dividend payout ratio is currently -418.18%.

About Americold Realty Trust

Americold Realty Trust is a real estate investment trust specializing in temperature-controlled warehousing and logistics solutions. The company owns, operates, and develops a global network of cold storage facilities designed to support the storage, handling, and distribution of perishable products. Services include blast freezing, repacking, labeling, cross-docking, and transportation management, all integrated to streamline clients’ cold chain operations and help ensure product quality and safety from origin to point of consumption.

With roots dating back to the early 20th century, Americold has expanded through strategic acquisitions and facility development to become one of the world’s largest publicly traded cold storage providers.