Americold Realty Trust, Inc. (NYSE:COLD - Get Free Report) was the recipient of a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 8,010,000 shares, a growth of 5.5% from the November 15th total of 7,590,000 shares. Based on an average trading volume of 1,920,000 shares, the short-interest ratio is presently 4.2 days.
Americold Realty Trust Trading Down 1.4 %
COLD traded down $0.32 during midday trading on Monday, hitting $22.49. 1,625,759 shares of the company were exchanged, compared to its average volume of 2,186,126. The firm has a market capitalization of $6.39 billion, a P/E ratio of -22.26, a P/E/G ratio of 1.80 and a beta of 0.59. The firm's 50 day moving average price is $24.41 and its 200-day moving average price is $26.68. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.11. Americold Realty Trust has a 1-year low of $21.53 and a 1-year high of $30.59.
Americold Realty Trust (NYSE:COLD - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.35). The business had revenue of $674.17 million during the quarter, compared to the consensus estimate of $663.87 million. Americold Realty Trust had a negative return on equity of 8.08% and a negative net margin of 10.63%. The business's revenue was up .9% on a year-over-year basis. During the same period last year, the business posted $0.32 earnings per share. As a group, equities analysts forecast that Americold Realty Trust will post 1.38 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of analysts have commented on COLD shares. Royal Bank of Canada cut their price target on shares of 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. Raymond James lowered their price target on Americold Realty Trust from $31.00 to $27.00 and set an "outperform" rating on the stock in a research report on Wednesday, December 11th. Evercore ISI raised their price objective on Americold Realty Trust from $33.00 to $34.00 and gave the company an "outperform" rating in a research report on Wednesday, August 28th. Barclays decreased their target price on 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. Finally, Citigroup dropped their price target on Americold Realty Trust from $30.00 to $25.00 and set a "neutral" rating on the stock in a research note on Wednesday, December 4th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $29.17.
Get Our Latest Research Report on Americold Realty Trust
Insider Buying and Selling at Americold Realty Trust
In related news, SVP Robert E. Harris sold 1,836 shares of the 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 transaction, the senior vice president now directly owns 1,837 shares in the company, valued at $41,589.68. This represents a 49.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.17% of the company's stock.
Institutional Investors Weigh In On Americold Realty Trust
Several institutional investors have recently added to or reduced their stakes in COLD. Assetmark Inc. raised its stake in Americold Realty Trust by 2,288.1% in the third quarter. Assetmark Inc. now owns 1,003 shares of the company's stock valued at $28,000 after purchasing an additional 961 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Americold Realty Trust by 189.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,122 shares of the company's stock worth $32,000 after acquiring an additional 735 shares during the last quarter. Loomis Sayles & Co. L P purchased a new position in Americold Realty Trust in the third quarter worth $55,000. Blue Trust Inc. increased its stake in Americold Realty Trust by 2,727.4% in the second 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. Finally, Signaturefd LLC raised its position in Americold Realty Trust by 22.7% during the second quarter. Signaturefd LLC now owns 3,994 shares of the company's stock valued at $102,000 after purchasing an additional 740 shares in the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.
About Americold Realty Trust
(
Get Free Report)
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.
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