Assetmark Inc. Boosts Holdings in Americold Realty Trust, Inc. (NYSE:COLD)

Assetmark Inc. lifted its position in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 2,288.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,003 shares of the company’s stock after buying an additional 961 shares during the period. Assetmark Inc.’s holdings in Americold Realty Trust were worth $28,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in Americold Realty Trust by 189.9% in the third quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock valued at $32,000 after purchasing an additional 735 shares during the period. Blue Trust Inc. increased its holdings in shares of Americold Realty Trust by 2,727.4% in the 2nd quarter. Blue Trust Inc. now owns 2,997 shares of the company’s stock valued at $75,000 after acquiring an additional 2,891 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Americold Realty Trust during the second quarter worth $85,000. Signaturefd LLC raised its stake in Americold Realty Trust by 22.7% during the second quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock worth $102,000 after acquiring an additional 740 shares during the period. Finally, Capital Performance Advisors LLP acquired a new stake in shares of Americold Realty Trust during the 3rd quarter worth approximately $128,000. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Americold Realty Trust Stock Up 1.8 %

COLD stock opened at $22.15 on Wednesday. Americold Realty Trust, Inc. has a 1 year low of $21.53 and a 1 year high of $30.92. The company has a fifty day simple moving average of $26.38 and a 200 day simple moving average of $26.87. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11. The firm has a market cap of $6.30 billion, a PE ratio of -21.93, a PEG ratio of 1.72 and a beta of 0.61.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.35). Americold Realty Trust had a negative net margin of 10.63% and a negative return on equity of 8.08%. The firm had revenue of $674.17 million during the quarter, compared to the consensus estimate of $663.87 million. During the same period in the prior year, the business earned $0.32 EPS. The company’s revenue for the quarter was up .9% compared to the same quarter last year. Sell-side analysts anticipate that Americold Realty Trust, Inc. will post 1.39 EPS for the current fiscal year.

Americold Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.97%. Americold Realty Trust’s dividend payout ratio (DPR) is presently -87.13%.

Wall Street Analyst Weigh In

COLD has been the topic of several recent research reports. Robert W. Baird cut their price objective on shares of Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Wells Fargo & Company raised their price objective on shares of Americold Realty Trust from $24.00 to $30.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 28th. Scotiabank boosted their target price on Americold Realty Trust from $30.00 to $31.00 and gave the stock a “sector outperform” rating in a research report on Monday, August 19th. Truist Financial boosted their price target on shares of Americold Realty Trust from $31.00 to $33.00 and gave the company a “buy” rating in a report on Friday, August 16th. Finally, Royal Bank of Canada reduced their price objective on Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, November 13th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Americold Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.55.

Americold Realty Trust Company Profile

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.