TCW Group Inc. Acquires New Position in Americold Realty Trust, Inc. (NYSE:COLD)

TCW Group Inc. acquired a new position in shares of Americold Realty Trust, Inc. (NYSE:COLD - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 66,506 shares of the company's stock, valued at approximately $1,880,000.

Several other hedge funds and other institutional investors have also bought and sold shares of COLD. Principal Financial Group Inc. boosted its holdings in shares of Americold Realty Trust by 30.8% during the 2nd quarter. Principal Financial Group Inc. now owns 15,300,802 shares of the company's stock worth $390,783,000 after buying an additional 3,602,337 shares in the last quarter. FMR LLC lifted its position in shares of Americold Realty Trust by 40.8% during the 3rd quarter. FMR LLC now owns 13,261,431 shares of the company's stock valued at $374,901,000 after acquiring an additional 3,844,603 shares during the period. Darlington Partners Capital Management LP boosted its stake in Americold Realty Trust by 15.1% during the second quarter. Darlington Partners Capital Management LP now owns 9,018,040 shares of the company's stock worth $230,321,000 after acquiring an additional 1,183,571 shares in the last quarter. Long Pond Capital LP grew its holdings in Americold Realty Trust by 2.9% in the second quarter. Long Pond Capital LP now owns 4,385,307 shares of the company's stock worth $112,001,000 after purchasing an additional 123,440 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in 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. Institutional investors and hedge funds own 98.14% of the company's stock.

Americold Realty Trust Stock Up 1.3 %

Shares of COLD stock traded up $0.30 on Friday, hitting $22.79. The stock had a trading volume of 2,802,295 shares, compared to its average volume of 2,188,452. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.15. The business has a 50 day moving average of $24.51 and a 200 day moving average of $26.69. 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 $6.48 billion, a price-to-earnings ratio of -22.56, a price-to-earnings-growth ratio of 1.80 and a beta of 0.59.

Americold Realty Trust (NYSE:COLD - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $674.17 million during the quarter, compared to analysts' expectations of $663.87 million. During the same quarter last year, the business posted $0.32 EPS. The company's quarterly revenue was up .9% on a year-over-year basis. As a group, analysts expect that Americold Realty Trust, Inc. will post 1.38 EPS for the current year.

Insiders Place Their Bets

In other Americold Realty Trust news, SVP Robert E. Harris sold 1,836 shares of Americold Realty Trust stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $22.64, for a total value of $41,567.04. Following the sale, the senior vice president now owns 1,837 shares of the company's stock, valued at approximately $41,589.68. The trade was a 49.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.17% of the company's stock.

Wall Street Analysts Forecast Growth

COLD has been the topic of a number of research analyst reports. Barclays cut their price objective on shares of Americold Realty Trust from $28.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Monday, November 18th. Citigroup reduced their price objective on 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. Robert W. Baird lowered their target price 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. Evercore ISI lifted their price target on shares of Americold Realty Trust from $33.00 to $34.00 and gave the company an "outperform" rating in a research report on Wednesday, August 28th. Finally, Royal Bank of Canada lowered 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 report on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $29.17.

About Americold Realty Trust

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.