Americold Realty Trust Inc. $COLD Shares Acquired by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC increased its stake in Americold Realty Trust by 51.5% during the first quarter, acquiring 121,775 shares for a total holding of 358,283 shares valued at approximately $7.67 million.
• Americold's stock price experienced a gain of 3.5%, with the company reporting a quarterly earnings per share (EPS) of $0.36, beating estimates by $0.02.
• Seven analysts have rated Americold Realty Trust as a Buy, with the average target price set at $21.83, indicating a positive outlook among market analysts despite some recent price target reductions.

Hsbc Holdings PLC lifted its holdings in shares of Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 51.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 358,283 shares of the company's stock after acquiring an additional 121,775 shares during the period. Hsbc Holdings PLC owned 0.13% of Americold Realty Trust worth $7,674,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of COLD. Xponance Inc. boosted its stake in Americold Realty Trust by 4.5% during the 1st quarter. Xponance Inc. now owns 13,561 shares of the company's stock worth $291,000 after purchasing an additional 581 shares during the period. Janney Capital Management LLC raised its holdings in shares of Americold Realty Trust by 5.5% in the first quarter. Janney Capital Management LLC now owns 11,913 shares of the company's stock valued at $256,000 after buying an additional 618 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Americold Realty Trust by 16.9% during the first quarter. Signaturefd LLC now owns 4,431 shares of the company's stock worth $95,000 after buying an additional 640 shares during the period. Capital Insight Partners LLC grew its holdings in shares of Americold Realty Trust by 4.0% during the first quarter. Capital Insight Partners LLC now owns 17,706 shares of the company's stock worth $380,000 after buying an additional 684 shares during the last quarter. Finally, Assetmark Inc. grew its holdings 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 buying an additional 826 shares during the last quarter. Hedge funds and other institutional investors own 98.14% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on COLD. Scotiabank reaffirmed a "sector perform" rating and set a $20.00 price objective on shares of Americold Realty Trust in a research report on Thursday, May 15th. Wall Street Zen upgraded Americold Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. KeyCorp lowered their price objective on shares of Americold Realty Trust from $30.00 to $23.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 1st. Royal Bank Of Canada dropped their price objective on shares of Americold Realty Trust from $25.00 to $19.00 and set an "outperform" rating on the stock in a research note on Monday, August 18th. Finally, Barclays reduced their target price on shares of Americold Realty Trust from $21.00 to $20.00 and set an "overweight" rating for the company in a research note on Monday, July 21st. Seven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $21.83.

Americold Realty Trust Stock Up 3.5%

Americold Realty Trust stock opened at $14.9180 on Monday. The stock's 50 day moving average price is $16.09 and its 200 day moving average price is $18.48. Americold Realty Trust Inc. has a 1-year low of $14.23 and a 1-year high of $29.79. The company has a market cap of $4.25 billion, a PE ratio of -78.52, a price-to-earnings-growth ratio of 4.63 and a beta of 0.81. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.12 and a quick ratio of 0.12.

Americold Realty Trust (NYSE:COLD - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.02. The company 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%.Americold Realty Trust's quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.38 earnings per share. On average, sell-side analysts predict that Americold Realty Trust Inc. will post 1.47 EPS for the current fiscal year.

About Americold Realty Trust

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.

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