Verition Fund Management LLC Has $4.39 Million Stock Holdings in Americold Realty Trust, Inc. (NYSE:COLD)

Verition Fund Management LLC cut its holdings in Americold Realty Trust, Inc. (NYSE:COLD) by 59.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 155,347 shares of the company’s stock after selling 228,518 shares during the quarter. Verition Fund Management LLC’s holdings in Americold Realty Trust were worth $4,392,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Sumitomo Mitsui Trust Group Inc. boosted its position in Americold Realty Trust by 9.6% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,412,678 shares of the company’s stock worth $39,936,000 after acquiring an additional 123,776 shares during the last quarter. PGGM Investments acquired a new position in Americold Realty Trust during the 2nd quarter worth approximately $114,436,000. Charles Schwab Investment Management Inc. boosted its position in Americold Realty Trust by 4.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,900,054 shares of the company’s stock worth $110,255,000 after acquiring an additional 165,667 shares during the last quarter. Manning & Napier Advisors LLC acquired a new position in Americold Realty Trust during the 2nd quarter worth approximately $4,460,000. Finally, SG Americas Securities LLC bought a new stake in shares of Americold Realty Trust during the 2nd quarter worth approximately $226,000. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Americold Realty Trust Stock Down 1.3 %

COLD stock opened at $23.10 on Wednesday. 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 stock has a market capitalization of $6.57 billion, a price-to-earnings ratio of -22.87, a PEG ratio of 1.85 and a beta of 0.59. The business’s fifty day moving average price is $25.33 and its two-hundred day moving average price is $26.85. Americold Realty Trust, Inc. has a fifty-two week low of $21.53 and a fifty-two week high of $30.92.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.35). The firm had revenue of $674.17 million for the quarter, compared to the consensus estimate of $663.87 million. Americold Realty Trust had a negative return on equity of 8.08% and a negative net margin of 10.63%. The firm’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.32 EPS. On average, equities analysts anticipate that Americold Realty Trust, Inc. will post 1.38 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Barclays dropped their price objective on Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Monday, November 18th. Scotiabank upped their price objective on Americold Realty Trust from $30.00 to $31.00 and gave the stock a “sector outperform” rating in a research note on Monday, August 19th. Wells Fargo & Company upped their price objective on Americold Realty Trust from $24.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 28th. Truist Financial upped their price objective on Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, Evercore ISI upped their price objective on Americold Realty Trust from $33.00 to $34.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.55.

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.