Citigroup Inc. Sells 24,592 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Citigroup Inc. decreased its position in Americold Realty Trust, Inc. (NYSE:COLD) by 13.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 157,020 shares of the company’s stock after selling 24,592 shares during the quarter. Citigroup Inc. owned 0.06% of Americold Realty Trust worth $4,439,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Assetmark Inc. lifted its position in Americold Realty Trust by 2,288.1% during the 3rd quarter. Assetmark Inc. now owns 1,003 shares of the company’s stock valued at $28,000 after purchasing an additional 961 shares during the period. GAMMA Investing LLC lifted its position in Americold Realty Trust by 189.9% during the 3rd 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. lifted its position in Americold Realty Trust by 2,727.4% during the 2nd quarter. Blue Trust Inc. now owns 2,997 shares of the company’s stock valued at $75,000 after purchasing an additional 2,891 shares during the period. Signaturefd LLC raised its position in shares of Americold Realty Trust by 22.7% in the 2nd quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock valued at $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 in the 3rd quarter valued at approximately $128,000. Institutional investors own 98.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on COLD. Robert W. Baird cut their price target 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. Scotiabank raised their target price on shares of Americold Realty Trust from $30.00 to $31.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. Barclays dropped their target price on shares of Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Monday, November 18th. Royal Bank of Canada dropped their target price on shares of Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, November 13th. Finally, Truist Financial raised their target price on shares of Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $30.55.

Americold Realty Trust Trading Down 1.3 %

Shares of Americold Realty Trust stock opened at $23.10 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 debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.15. The company has a market capitalization of $6.57 billion, a price-to-earnings ratio of -22.87, a P/E/G ratio of 1.85 and a beta of 0.59. The business has a fifty day simple moving average of $25.33 and a two-hundred day simple moving average of $26.85.

Americold Realty Trust (NYSE:COLD) last posted its earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.35). Americold Realty Trust had a negative return on equity of 8.08% and a negative net margin of 10.63%. The firm had revenue of $674.17 million for the quarter, compared to analyst estimates of $663.87 million. During the same period in the prior year, the business posted $0.32 EPS. The firm’s quarterly revenue was up .9% compared to the same quarter last year. Research analysts forecast that Americold Realty Trust, Inc. will post 1.38 EPS for the current year.

Americold Realty Trust 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.