Janus Henderson Group PLC Sells 1,130,659 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Janus Henderson Group PLC trimmed its stake in Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 90.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 122,483 shares of the company's stock after selling 1,130,659 shares during the quarter. Janus Henderson Group PLC's holdings in Americold Realty Trust were worth $3,463,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Cetera Advisors LLC bought a new stake in shares of Americold Realty Trust during the first quarter valued at approximately $350,000. SG Americas Securities LLC bought a new stake in shares of Americold Realty Trust in the 2nd quarter worth $226,000. Wedmont Private Capital purchased a new position in shares of Americold Realty Trust in the second quarter worth $241,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Americold Realty Trust in the second quarter worth $236,000. Finally, Blue Trust Inc. lifted its holdings in shares of Americold Realty Trust by 2,727.4% during the second 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 in the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, SVP Robert E. Harris sold 1,836 shares of the stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $22.64, for a total transaction of $41,567.04. Following the completion of the sale, the senior vice president now owns 1,837 shares in the company, valued at approximately $41,589.68. This trade represents a 49.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.17% of the company's stock.

Americold Realty Trust Stock Performance

NYSE:COLD traded down $0.27 during mid-day trading on Thursday, hitting $22.49. 1,783,258 shares of the company traded hands, compared to its average volume of 2,185,895. 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's fifty day moving average price is $24.60 and its 200-day moving average price is $26.71. The firm has a market cap of $6.39 billion, a price-to-earnings ratio of -22.27, a price-to-earnings-growth ratio of 1.83 and a beta of 0.59. Americold Realty Trust, Inc. has a one year low of $21.53 and a one year high of $30.92.

Americold Realty Trust (NYSE:COLD - Get Free Report) last announced 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 net margin of 10.63% and a negative return on equity of 8.08%. The company had revenue of $674.17 million for the quarter, compared to the consensus estimate of $663.87 million. During the same quarter last year, the firm posted $0.32 earnings per share. The company's revenue was up .9% compared to the same quarter last year. Research analysts anticipate that Americold Realty Trust, Inc. will post 1.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

COLD has been the subject of several research analyst reports. Barclays reduced their price objective 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 reduced their price target on shares of Americold Realty Trust from $30.00 to $25.00 and set a "neutral" rating for the company in a research note on Wednesday, December 4th. Truist Financial lowered their price objective on shares of Americold Realty Trust from $33.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, December 5th. Raymond James dropped their target price on shares of Americold Realty Trust from $31.00 to $27.00 and set an "outperform" rating on the stock in a report on Wednesday. Finally, Scotiabank decreased their target price on shares of Americold Realty Trust from $31.00 to $27.00 and set a "sector outperform" rating for the company in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $29.17.

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.