Verition Fund Management LLC Reduces Stake in Americold Realty Trust, Inc. (NYSE:COLD)

Verition Fund Management LLC lowered its holdings in shares of Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 59.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 155,347 shares of the company's stock after selling 228,518 shares during the period. Verition Fund Management LLC owned about 0.05% of Americold Realty Trust worth $4,392,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of COLD. Captrust Financial Advisors raised its holdings in Americold Realty Trust by 27.2% during the 3rd quarter. Captrust Financial Advisors now owns 18,545 shares of the company's stock worth $524,000 after purchasing an additional 3,969 shares during the last quarter. PEAK6 Investments LLC bought a new stake in Americold Realty Trust during the third quarter valued at $261,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Americold Realty Trust by 2.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,887,748 shares of the company's stock valued at $53,367,000 after acquiring an additional 47,795 shares during the last quarter. Quantbot Technologies LP grew its holdings in Americold Realty Trust by 39.3% during the 3rd quarter. Quantbot Technologies LP now owns 145,956 shares of the company's stock worth $4,126,000 after acquiring an additional 41,178 shares during the period. Finally, FMR LLC raised its position in shares of Americold Realty Trust by 40.8% in the 3rd quarter. FMR LLC now owns 13,261,431 shares of the company's stock worth $374,901,000 after acquiring an additional 3,844,603 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Barclays lowered 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. Wells Fargo & Company boosted their target price on shares of Americold Realty Trust from $24.00 to $30.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 28th. Evercore ISI raised their price target on shares of Americold Realty Trust from $33.00 to $34.00 and gave the stock an "outperform" rating in a report on Wednesday, August 28th. Robert W. Baird dropped their price objective on shares of Americold Realty Trust from $31.00 to $28.00 and set an "outperform" rating on the stock in a report on Friday, November 8th. Finally, Scotiabank raised their target price on Americold Realty Trust from $30.00 to $31.00 and gave the company a "sector outperform" rating in a research note on Monday, August 19th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $30.55.

Americold Realty Trust Stock Performance

Shares of COLD stock traded down $0.25 during trading on Wednesday, hitting $22.85. The company's stock had a trading volume of 1,215,859 shares, compared to its average volume of 2,190,908. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11. The company has a market cap of $6.50 billion, a PE ratio of -22.76, a P/E/G ratio of 1.85 and a beta of 0.59. The business has a fifty day moving average of $25.33 and a 200-day moving average of $26.85. Americold Realty Trust, Inc. has a 52 week low of $21.53 and a 52 week high of $30.92.

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 (EPS) 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 company had revenue of $674.17 million for the quarter, compared to analysts' expectations of $663.87 million. During the same quarter last year, the business posted $0.32 EPS. The business's quarterly revenue was up .9% on a year-over-year basis. As a group, research analysts anticipate that Americold Realty Trust, Inc. will post 1.38 earnings per share for the current year.

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.