Alyeska Investment Group L.P. Increases Stock Position in Americold Realty Trust Inc. $COLD

Key Points

• Alyeska Investment Group increased its Americold Realty Trust stake by 17.2% in the second quarter, adding 817,860 shares to own 5.58 million shares valued at approximately $87.8 million. Institutional investors collectively own 98.14% of the company.
• Analysts remain generally neutral on COLD, with an average rating of “Hold” and an average price target of $15.63. Recent target prices range from $13 to $16, while the stock opened at $15.09.
• Americold reported quarterly revenue of $662.9 million, above analyst expectations, although profitability remained weak with a negative net margin. The company declared a quarterly dividend of $0.23, representing a 6.1% annualized yield.

Alyeska Investment Group L.P. grew its holdings in Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 17.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,583,153 shares of the company's stock after purchasing an additional 817,860 shares during the quarter. Alyeska Investment Group L.P. owned approximately 1.96% of Americold Realty Trust worth $87,767,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. SummitTX Capital L.P. purchased a new position in Americold Realty Trust in the 1st quarter valued at about $1,065,000. Norges Bank purchased a new stake in shares of Americold Realty Trust during the fourth quarter worth about $152,684,000. Advisors Capital Management LLC acquired a new position in shares of Americold Realty Trust in the second quarter valued at approximately $19,858,000. D.A. Davidson & CO. acquired a new position in shares of Americold Realty Trust in the fourth quarter valued at approximately $1,923,000. Finally, Abel Hall LLC raised its position in shares of Americold Realty Trust by 429.2% in the first quarter. Abel Hall LLC now owns 78,819 shares of the company's stock valued at $903,000 after buying an additional 63,925 shares during the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on COLD shares. Wells Fargo & Company raised their target price on shares of Americold Realty Trust from $14.00 to $15.00 and gave the stock an "equal weight" rating in a research report on Monday, June 1st. Wall Street Zen upgraded Americold Realty Trust from a "sell" rating to a "hold" rating in a report on Saturday, June 20th. Weiss Ratings lowered Americold Realty Trust from a "sell (d+)" rating to a "sell (d)" rating in a research note on Tuesday, August 11th. Scotiabank raised their price objective on Americold Realty Trust from $15.00 to $16.00 and gave the stock a "sector perform" rating in a report on Thursday, August 13th. Finally, Barclays lifted their price objective on Americold Realty Trust from $12.00 to $13.00 and gave the company an "underweight" rating in a research report on Friday, May 15th. Four investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $15.63.

Americold Realty Trust Stock Performance

NYSE:COLD opened at $15.09 on Friday. The company has a market cap of $4.31 billion, a P/E ratio of -9.49 and a beta of 0.97. The firm's 50 day moving average is $15.11 and its two-hundred day moving average is $13.77. Americold Realty Trust Inc. has a fifty-two week low of $10.10 and a fifty-two week high of $16.88. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.25.

Americold Realty Trust (NYSE:COLD - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.35 earnings per share (EPS) for the quarter. Americold Realty Trust had a negative net margin of 17.44% and a negative return on equity of 16.14%. The company had revenue of $662.89 million during the quarter, compared to analysts' expectations of $613.54 million. During the same period in the previous year, the company earned $0.36 EPS. The business's quarterly revenue was up 1.9% compared to the same quarter last year. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. Analysts expect that Americold Realty Trust Inc. will post 1.15 EPS for the current year.

Americold Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend is Wednesday, September 30th. Americold Realty Trust's payout ratio is currently -57.86%.

Americold Realty Trust Profile

Americold Realty Trust is a real estate investment trust specializing in temperature-controlled warehousing and logistics solutions. The company owns, operates, and develops a global network of cold storage facilities designed to support the storage, handling, and distribution of perishable products. Services include blast freezing, repacking, labeling, cross-docking, and transportation management, all integrated to streamline clients' cold chain operations and help ensure product quality and safety from origin to point of consumption.

With roots dating back to the early 20th century, Americold has expanded through strategic acquisitions and facility development to become one of the world's largest publicly traded cold storage providers.

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