Citigroup Inc. Reduces Stake in Americold Realty Trust, Inc. (NYSE:COLD)

Citigroup Inc. cut its holdings in Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 13.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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 quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Charles Schwab Investment Management Inc. grew its holdings in shares of Americold Realty Trust by 4.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,900,054 shares of the company's stock valued at $110,255,000 after purchasing an additional 165,667 shares in the last quarter. Moors & Cabot Inc. grew its holdings in shares of Americold Realty Trust by 4.0% in the third quarter. Moors & Cabot Inc. now owns 18,040 shares of the company's stock valued at $510,000 after purchasing an additional 700 shares in the last quarter. Global Alpha Capital Management Ltd. grew its holdings in shares of Americold Realty Trust by 16.5% in the third quarter. Global Alpha Capital Management Ltd. now owns 111,318 shares of the company's stock valued at $3,147,000 after purchasing an additional 15,779 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Americold Realty Trust in the third quarter worth $1,696,000. Finally, Napa Wealth Management lifted its position in Americold Realty Trust by 24.5% in the third quarter. Napa Wealth Management now owns 10,446 shares of the company's stock worth $295,000 after buying an additional 2,057 shares during the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on COLD shares. Evercore ISI raised their price target 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. Barclays lowered their price target on Americold Realty Trust from $28.00 to $26.00 and set an "equal weight" rating for the company in a research report on Monday, November 18th. Robert W. Baird lowered their price target on Americold Realty Trust from $31.00 to $28.00 and set an "outperform" rating for the company in a research report on Friday, November 8th. Truist Financial lifted their target price on Americold Realty Trust from $31.00 to $33.00 and gave the stock a "buy" rating in a research report on Friday, August 16th. Finally, Wells Fargo & Company lifted their target price on Americold Realty Trust from $24.00 to $30.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 28th. Two equities 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.com, Americold Realty Trust presently has an average rating of "Moderate Buy" and an average price target of $30.55.

Americold Realty Trust Stock Down 1.1 %

COLD traded down $0.25 on Wednesday, hitting $22.85. The company had a trading volume of 1,215,859 shares, compared to its average volume of 2,190,908. The stock has a fifty day moving average price of $25.33 and a 200-day moving average price of $26.85. Americold Realty Trust, Inc. has a 12-month low of $21.53 and a 12-month high of $30.92. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15. The stock has a market capitalization of $6.50 billion, a price-to-earnings ratio of -22.76, a P/E/G ratio of 1.85 and a beta of 0.59.

Americold Realty Trust (NYSE:COLD - Get Free Report) last issued its quarterly 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 business had revenue of $674.17 million for the quarter, compared to analysts' expectations of $663.87 million. During the same quarter in the previous year, the firm posted $0.32 EPS. Americold Realty Trust's revenue was up .9% on a year-over-year basis. Analysts predict that Americold Realty Trust, Inc. will post 1.38 EPS 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.