The Manufacturers Life Insurance Company Sells 6,568 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

The Manufacturers Life Insurance Company trimmed its holdings in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 7.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,283 shares of the company’s stock after selling 6,568 shares during the period. The Manufacturers Life Insurance Company’s holdings in Americold Realty Trust were worth $2,326,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. PGGM Investments acquired a new stake in Americold Realty Trust during the 2nd quarter worth $114,436,000. Principal Financial Group Inc. lifted its position in Americold Realty Trust by 30.8% in the 2nd quarter. Principal Financial Group Inc. now owns 15,300,802 shares of the company’s stock valued at $390,783,000 after acquiring an additional 3,602,337 shares in the last quarter. Deprince Race & Zollo Inc. boosted its stake in Americold Realty Trust by 2,542.7% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 1,712,317 shares of the company’s stock worth $43,733,000 after purchasing an additional 1,647,522 shares during the period. Darlington Partners Capital Management LP increased its holdings in Americold Realty Trust by 15.1% during the 2nd quarter. Darlington Partners Capital Management LP now owns 9,018,040 shares of the company’s stock worth $230,321,000 after purchasing an additional 1,183,571 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Americold Realty Trust by 2,175.4% in the 2nd quarter. AQR Capital Management LLC now owns 1,087,628 shares of the company’s stock valued at $27,071,000 after purchasing an additional 1,039,828 shares during the period. 98.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on COLD. Evercore ISI upped their price objective on Americold Realty Trust from $33.00 to $34.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Scotiabank raised their price target on shares of Americold Realty Trust from $30.00 to $31.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 19th. Royal Bank of Canada cut their price objective on shares of Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 13th. Citigroup decreased their target price on shares of Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, December 4th. Finally, Robert W. Baird lowered their price target on 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. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $29.83.

Insider Activity

In related news, SVP Robert E. Harris sold 1,836 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $22.64, for a total value of $41,567.04. Following the completion of the transaction, the senior vice president now owns 1,837 shares in the company, valued at $41,589.68. This trade represents a 49.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.17% of the stock is owned by corporate insiders.

Americold Realty Trust Stock Performance

Americold Realty Trust stock opened at $23.13 on Monday. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.11. The stock has a market cap of $6.57 billion, a PE ratio of -22.90, a P/E/G ratio of 1.81 and a beta of 0.59. Americold Realty Trust, Inc. has a 12-month low of $21.53 and a 12-month high of $30.92. The business’s 50-day moving average price is $24.99 and its two-hundred day moving average price is $26.80.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.01) earnings per share (EPS) 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 company had revenue of $674.17 million for the quarter, compared to analyst estimates of $663.87 million. During the same quarter in the prior year, the company earned $0.32 earnings per share. Americold Realty Trust’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, analysts expect that Americold Realty Trust, Inc. will post 1.38 earnings per share for the current fiscal year.

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.