Americold Realty Trust Inc. (NYSE:COLD) Shares Sold by TCW Group Inc.

Key Points

• TCW Group Inc. has reduced its stake in Americold Realty Trust Inc. by 30.2%, holding 56,502 shares worth approximately $1.21 million after selling 24,390 shares.
• The company reported a $0.34 earnings per share, missing analysts' estimates, with revenue of $628.98 million for the quarter, indicating a 5.4% decline compared to the same period last year.
• Insiders, including the CFO and CEO, have made significant stock purchases, with the CEO acquiring 110,000 shares valued at nearly $1.98 million.

TCW Group Inc. trimmed its stake in Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 30.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 56,502 shares of the company's stock after selling 24,390 shares during the period. TCW Group Inc.'s holdings in Americold Realty Trust were worth $1,213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. LPL Financial LLC lifted its position in shares of Americold Realty Trust by 7.4% in the 1st quarter. LPL Financial LLC now owns 61,564 shares of the company's stock worth $1,321,000 after purchasing an additional 4,264 shares during the period. Private Management Group Inc. bought a new position in shares of Americold Realty Trust during the 1st quarter worth approximately $27,860,000. Assetmark Inc. raised its stake in shares of Americold Realty Trust by 64.2% during the 1st quarter. Assetmark Inc. now owns 2,113 shares of the company's stock worth $45,000 after acquiring an additional 826 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Americold Realty Trust by 39.4% during the 1st quarter. Cetera Investment Advisers now owns 23,066 shares of the company's stock worth $495,000 after acquiring an additional 6,518 shares in the last quarter. Finally, Avantax Advisory Services Inc. raised its stake in shares of Americold Realty Trust by 95.4% during the 1st quarter. Avantax Advisory Services Inc. now owns 60,679 shares of the company's stock worth $1,302,000 after acquiring an additional 29,631 shares in the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

Americold Realty Trust Trading Down 2.3%

Americold Realty Trust stock traded down $0.38 during midday trading on Friday, hitting $15.71. 1,810,337 shares of the stock were exchanged, compared to its average volume of 2,761,785. Americold Realty Trust Inc. has a fifty-two week low of $15.45 and a fifty-two week high of $30.45. The stock has a market capitalization of $4.47 billion, a price-to-earnings ratio of -36.48, a PEG ratio of 2.45 and a beta of 0.84. The stock's 50-day simple moving average is $16.71 and its 200 day simple moving average is $19.26. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.19.

Americold Realty Trust (NYSE:COLD - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.01). Americold Realty Trust had a negative return on equity of 3.60% and a negative net margin of 4.58%. The firm had revenue of $628.98 million for the quarter, compared to analyst estimates of $667.18 million. During the same quarter in the previous year, the business posted $0.37 earnings per share. Americold Realty Trust's revenue for the quarter was down 5.4% on a year-over-year basis. On average, equities analysts anticipate that Americold Realty Trust Inc. will post 1.47 EPS for the current year.

Americold Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a dividend of $0.23 per share. The ex-dividend date was Monday, June 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.9%. Americold Realty Trust's dividend payout ratio (DPR) is currently -213.95%.

Analyst Ratings Changes

COLD has been the subject of several recent analyst reports. JPMorgan Chase & Co. lowered shares of Americold Realty Trust from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $24.00 to $21.00 in a research note on Monday, June 23rd. Scotiabank restated a "sector perform" rating and set a $20.00 price target on shares of Americold Realty Trust in a research note on Thursday, May 15th. Barclays cut their price objective on shares of Americold Realty Trust from $21.00 to $20.00 and set an "overweight" rating on the stock in a research note on Monday, July 21st. KeyCorp cut 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 note on Tuesday, July 1st. Finally, BNP Paribas Exane lowered shares of Americold Realty Trust from an "outperform" rating to a "neutral" rating and set a $18.00 price target on the stock. in a research report on Thursday, June 12th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $23.92.

Insider Transactions at Americold Realty Trust

In related news, CEO George F. Jr. Chappelle purchased 110,000 shares of the company's stock in a transaction on Monday, May 12th. The stock was acquired at an average cost of $17.99 per share, for a total transaction of $1,978,900.00. Following the completion of the transaction, the chief executive officer directly owned 110,000 shares in the company, valued at approximately $1,978,900. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Jay Wells purchased 10,000 shares of the company's stock in a transaction on Monday, May 12th. The shares were bought at an average price of $17.91 per share, with a total value of $179,100.00. Following the completion of the transaction, the chief financial officer owned 10,000 shares of the company's stock, valued at approximately $179,100. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.23% of the stock is owned by company insiders.

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.