American Century Companies Inc. Grows Position in Americold Realty Trust Inc. $COLD

Key Points

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American Century Companies Inc. lifted its stake in shares of Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 28.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,917,087 shares of the company's stock after purchasing an additional 855,883 shares during the quarter. American Century Companies Inc. owned about 1.38% of Americold Realty Trust worth $84,061,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of COLD. GKV Capital Management Co. Inc. purchased a new stake in shares of Americold Realty Trust during the first quarter worth approximately $36,000. Parallel Advisors LLC raised its stake in shares of Americold Realty Trust by 68.1% during the first quarter. Parallel Advisors LLC now owns 2,091 shares of the company's stock worth $45,000 after purchasing an additional 847 shares during the last quarter. Assetmark Inc. raised its stake in shares of Americold Realty Trust by 64.2% during the first quarter. Assetmark Inc. now owns 2,113 shares of the company's stock worth $45,000 after purchasing an additional 826 shares during the last quarter. Avalon Trust Co purchased a new stake in shares of Americold Realty Trust during the first quarter worth approximately $49,000. Finally, Spire Wealth Management acquired a new stake in shares of Americold Realty Trust in the 1st quarter valued at approximately $52,000. Hedge funds and other institutional investors own 98.14% of the company's stock.

Analysts Set New Price Targets

COLD has been the subject of several recent analyst reports. BNP Paribas Exane cut 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. JPMorgan Chase & Co. cut Americold Realty Trust from an "overweight" rating to a "neutral" rating and reduced their price target for the company from $24.00 to $21.00 in a report on Monday, June 23rd. Wells Fargo & Company reduced their price target on Americold Realty Trust from $23.00 to $18.00 and set an "equal weight" rating for the company in a report on Monday, May 19th. Wall Street Zen raised Americold Realty Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Finally, KeyCorp reduced their price target on Americold Realty Trust from $30.00 to $23.00 and set an "overweight" rating for the company in a report on Tuesday, July 1st. Seven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $21.83.

Americold Realty Trust Price Performance

NYSE COLD traded up $0.4980 during mid-day trading on Friday, hitting $14.9180. The stock had a trading volume of 3,927,208 shares, compared to its average volume of 2,933,639. Americold Realty Trust Inc. has a 52-week low of $14.23 and a 52-week high of $29.79. The company has a market cap of $4.25 billion, a price-to-earnings ratio of -78.52, a P/E/G ratio of 4.50 and a beta of 0.81. The company has a 50 day simple moving average of $16.13 and a 200 day simple moving average of $18.57. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.13.

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

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.