Hudson Bay Capital Management LP Makes New Investment in Americold Realty Trust, Inc. (NYSE:COLD)

Hudson Bay Capital Management LP acquired a new position in Americold Realty Trust, Inc. (NYSE:COLD - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 636,002 shares of the company's stock, valued at approximately $13,610,000. Hudson Bay Capital Management LP owned about 0.22% of Americold Realty Trust at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Norges Bank bought a new position in shares of Americold Realty Trust in the 4th quarter valued at about $478,674,000. Cohen & Steers Inc. raised its holdings in Americold Realty Trust by 16.3% during the 4th quarter. Cohen & Steers Inc. now owns 28,837,300 shares of the company's stock worth $617,085,000 after buying an additional 4,049,374 shares during the period. Alyeska Investment Group L.P. boosted its stake in Americold Realty Trust by 115.8% in the 4th quarter. Alyeska Investment Group L.P. now owns 6,387,738 shares of the company's stock worth $136,698,000 after purchasing an additional 3,427,083 shares during the period. Invesco Ltd. raised its position in Americold Realty Trust by 253.8% in the 4th quarter. Invesco Ltd. now owns 3,213,139 shares of the company's stock valued at $68,761,000 after buying an additional 2,304,867 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Americold Realty Trust by 132.0% in the fourth quarter. JPMorgan Chase & Co. now owns 2,951,001 shares of the company's stock valued at $63,151,000 after purchasing an additional 1,678,949 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company's stock.

Americold Realty Trust Price Performance

COLD traded up $0.02 on Thursday, reaching $17.96. The stock had a trading volume of 3,203,506 shares, compared to its average volume of 2,253,985. 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 capitalization of $5.11 billion, a price-to-earnings ratio of -52.82, a price-to-earnings-growth ratio of 1.66 and a beta of 0.95. Americold Realty Trust, Inc. has a fifty-two week low of $16.56 and a fifty-two week high of $30.45. The firm has a 50-day moving average of $19.96 and a 200-day moving average of $21.56.

Americold Realty Trust (NYSE:COLD - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.01). The company had revenue of $628.98 million for the quarter, compared to analyst estimates of $667.18 million. Americold Realty Trust had a negative return on equity of 2.70% and a negative net margin of 3.54%. The firm's quarterly revenue was down 5.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.37 earnings per share. As a group, sell-side analysts anticipate that Americold Realty Trust, Inc. will post 1.47 EPS for the current year.

Americold Realty Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Friday, March 28th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.12%. This is a boost from Americold Realty Trust's previous quarterly dividend of $0.22. The ex-dividend date was Friday, March 28th. Americold Realty Trust's dividend payout ratio is presently -213.95%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Citigroup decreased their price objective on shares of Americold Realty Trust from $25.00 to $23.00 and set a "neutral" rating for the company in a research report on Friday, March 21st. Barclays upgraded shares of Americold Realty Trust from an "equal weight" rating to an "overweight" rating and decreased their target price for the stock from $26.00 to $21.00 in a research report on Wednesday, April 9th. Finally, Scotiabank reaffirmed a "sector perform" rating and issued a $20.00 price target on shares of Americold Realty Trust in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Americold Realty Trust currently has a consensus rating of "Moderate Buy" and an average price target of $27.64.

Insiders Place Their Bets

In other Americold Realty Trust news, CEO George F. Jr. Chappelle bought 110,000 shares of the business's stock in a transaction on Monday, May 12th. The stock was purchased at an average price of $17.99 per share, for a total transaction of $1,978,900.00. Following the completion of the transaction, the chief executive officer now directly owns 110,000 shares of the company's stock, valued at $1,978,900. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Jay Wells purchased 10,000 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were bought at an average price of $17.91 per share, for a total transaction of $179,100.00. Following the completion of the transaction, the chief financial officer now owns 10,000 shares of the company's stock, valued at approximately $179,100. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.23% of the company's stock.

Americold Realty Trust Profile

Americold Realty Trust, Inc is a real estate investment trust, which focuses on the ownership, operation, development, and acquisition of temperature-controlled warehouses. It operates through the following segments: Warehouse, Third-Party Managed, Transportation, and Other. The Warehouse segment collects rent and storage fees from customers to store frozen and perishable food and other products within the firm's real estate portfolio.