Duff & Phelps Investment Management Co. lowered its stake in shares of Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 15.0% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 1,753,255 shares of the company's stock after selling 310,580 shares during the period. Duff & Phelps Investment Management Co. owned approximately 0.62% of Americold Realty Trust worth $49,565,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Cetera Advisors LLC acquired a new position in Americold Realty Trust in the 1st quarter valued at approximately $350,000. CWM LLC raised its stake in shares of Americold Realty Trust by 507.2% in the second quarter. CWM LLC now owns 20,402 shares of the company's stock valued at $521,000 after purchasing an additional 17,042 shares in the last quarter. Simplicity Wealth LLC bought a new position in Americold Realty Trust in the second quarter worth $271,000. SG Americas Securities LLC acquired a new stake in Americold Realty Trust during the second quarter worth $226,000. Finally, Wedmont Private Capital bought a new stake in Americold Realty Trust in the 2nd quarter valued at $241,000. Institutional investors own 98.14% of the company's stock.
Insider Buying and Selling
In other Americold Realty Trust 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 transaction, the senior vice president now directly owns 1,837 shares of the company's stock, valued at approximately $41,589.68. This trade represents a 49.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.17% of the company's stock.
Americold Realty Trust Price Performance
NYSE:COLD traded up $0.26 during mid-day trading on Monday, reaching $23.39. 2,563,805 shares of the company were exchanged, compared to its average volume of 2,186,671. Americold Realty Trust, Inc. has a 12 month low of $21.53 and a 12 month high of $30.92. The stock has a market cap of $6.65 billion, a PE ratio of -23.28, a PEG ratio of 1.83 and a beta of 0.59. 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 company has a fifty day moving average of $24.99 and a 200 day moving average of $26.80.
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). The company had revenue of $674.17 million during the quarter, compared to analyst estimates of $663.87 million. Americold Realty Trust had a negative net margin of 10.63% and a negative return on equity of 8.08%. The business's revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the business earned $0.32 EPS. On average, research analysts anticipate that Americold Realty Trust, Inc. will post 1.38 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the stock. Royal Bank of Canada reduced their price objective on shares of Americold Realty Trust from $33.00 to $30.00 and set an "outperform" rating for the company in a report on Wednesday, November 13th. Truist Financial decreased their price objective on Americold Realty Trust from $33.00 to $30.00 and set a "buy" rating on the stock in a report on Thursday. Barclays dropped their target price on Americold Realty Trust from $28.00 to $26.00 and set an "equal weight" rating for the company in a report on Monday, November 18th. Citigroup decreased 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. Finally, Evercore ISI upped their price target 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. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $29.83.
View Our Latest Stock Analysis on Americold Realty Trust
About Americold Realty Trust
(
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.
Featured Stories
Before you consider Americold Realty Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Americold Realty Trust wasn't on the list.
While Americold Realty Trust currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
