Roubaix Capital LLC Buys New Shares in Americold Realty Trust Inc. $COLD

Key Points

• Roubaix Capital LLC has acquired 258,403 shares of Americold Realty Trust, valued at approximately $5.55 million, making it the 6th largest position in their portfolio, which now holds 2.9% in the company.
• Americold Realty Trust recently reported earnings of $0.36 EPS for the last quarter, exceeding analyst expectations, despite a 1.5% decline in revenue year-over-year.
• The company also announced a quarterly dividend of $0.23 per share, representing a dividend yield of 6.2%, although it has a high negative dividend payout ratio.

Roubaix Capital LLC purchased a new position in shares of Americold Realty Trust Inc. (NYSE:COLD - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 258,403 shares of the company's stock, valued at approximately $5,545,000. Americold Realty Trust comprises approximately 2.9% of Roubaix Capital LLC's holdings, making the stock its 6th biggest position. Roubaix Capital LLC owned approximately 0.09% of Americold Realty Trust at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in COLD. LPL Financial LLC raised its holdings in shares of Americold Realty Trust by 36.6% in the fourth quarter. LPL Financial LLC now owns 57,300 shares of the company's stock worth $1,226,000 after acquiring an additional 15,339 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Americold Realty Trust in the fourth quarter worth $980,000. Sterling Capital Management LLC raised its holdings in shares of Americold Realty Trust by 56.7% in the fourth quarter. Sterling Capital Management LLC now owns 16,977 shares of the company's stock worth $363,000 after acquiring an additional 6,144 shares during the last quarter. Townsquare Capital LLC acquired a new position in Americold Realty Trust in the 4th quarter valued at about $202,000. Finally, Barclays PLC raised its stake in Americold Realty Trust by 19.2% in the 4th quarter. Barclays PLC now owns 117,713 shares of the company's stock valued at $2,519,000 after purchasing an additional 18,974 shares during the last quarter. Institutional investors and hedge funds own 98.14% of the company's stock.

Americold Realty Trust Stock Down 1.1%

NYSE COLD traded down $0.1650 during mid-day trading on Thursday, reaching $14.3950. 3,386,311 shares of the company's stock traded hands, compared to its average volume of 2,929,328. Americold Realty Trust Inc. has a 1-year low of $14.23 and a 1-year high of $29.79. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.13. The company has a market cap of $4.10 billion, a price-to-earnings ratio of -75.76, a P/E/G ratio of 4.55 and a beta of 0.81. The company has a fifty day simple moving average of $16.19 and a 200-day simple moving average of $18.62.

Americold Realty Trust (NYSE:COLD - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.02. The business had revenue of $650.75 million during the quarter, compared to the consensus estimate of $644.95 million. Americold Realty Trust had a negative return on equity of 1.68% and a negative net margin of 2.09%.The company's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period last year, the firm earned $0.38 earnings per share. As a group, equities research analysts expect that Americold Realty Trust Inc. will post 1.47 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Barclays cut their price objective on shares of Americold Realty Trust from $21.00 to $20.00 and set an "overweight" rating for the company in a research report on Monday, July 21st. BNP Paribas Exane downgraded Americold Realty Trust from an "outperform" rating to a "neutral" rating and set a $18.00 price target for the company. in a report on Thursday, June 12th. Wall Street Zen upgraded Americold Realty Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Royal Bank Of Canada dropped their target price on Americold Realty Trust from $25.00 to $19.00 and set an "outperform" rating for the company in a research note on Monday. Finally, Robert W. Baird dropped their target price on Americold Realty Trust from $23.00 to $19.00 and set an "outperform" rating for the company in a research note on Wednesday, August 13th. Seven investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $22.67.

Americold Realty Trust Company 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.