Anson Funds Management LP Boosts Position in Americold Realty Trust Inc. $COLD

Key Points

• Anson Funds Management LP increased its stake in Americold Realty Trust by 48.8% in Q1, owning 202,906 shares valued at $4.35 million.
• Several institutional investors, including Strs Ohio and Woodline Partners LP, also made significant investments in Americold Realty Trust during the same period.
• Analysts have recently downgraded Americold's rating, with JPMorgan Chase lowering its price target from $24 to $21, reflecting concerns about the company's performance.

Anson Funds Management LP increased its holdings in shares of Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 48.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 202,906 shares of the company's stock after purchasing an additional 66,576 shares during the quarter. Anson Funds Management LP owned approximately 0.07% of Americold Realty Trust worth $4,354,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. GKV Capital Management Co. Inc. purchased a new stake in Americold Realty Trust during the first quarter worth approximately $36,000. Parallel Advisors LLC lifted its stake in Americold Realty Trust by 68.1% in the first quarter. Parallel Advisors LLC now owns 2,091 shares of the company's stock valued at $45,000 after buying an additional 847 shares during the last quarter. Assetmark Inc. lifted its stake in Americold Realty Trust by 64.2% in the first quarter. Assetmark Inc. now owns 2,113 shares of the company's stock valued at $45,000 after buying an additional 826 shares during the last quarter. Avalon Trust Co purchased a new stake in Americold Realty Trust in the first quarter valued at approximately $49,000. Finally, Spire Wealth Management purchased a new stake in Americold Realty Trust in the first quarter valued at approximately $52,000. Hedge funds and other institutional investors own 98.14% of the company's stock.

Americold Realty Trust Stock Performance

Shares of NYSE:COLD traded down $0.07 during trading on Tuesday, reaching $13.59. The company had a trading volume of 1,683,343 shares, compared to its average volume of 3,221,131. The stock's fifty day moving average price is $15.23 and its 200 day moving average price is $17.61. Americold Realty Trust Inc. has a fifty-two week low of $13.10 and a fifty-two week high of $29.50. The firm has a market capitalization of $3.87 billion, a price-to-earnings ratio of -71.61, a price-to-earnings-growth ratio of 4.32 and a beta of 0.85. 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 announced its quarterly earnings data on Thursday, August 7th. The company reported $0.36 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $644.95 million. During the same quarter in the prior year, the company posted $0.38 earnings per share. Americold Realty Trust's quarterly revenue was down 1.5% on a year-over-year basis. As a group, equities research analysts predict that Americold Realty Trust Inc. will post 1.47 EPS for the current year.

Americold Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 6.8%. The ex-dividend date is Tuesday, September 30th. Americold Realty Trust's payout ratio is presently -484.21%.

Analyst Upgrades and Downgrades

COLD has been the subject of a number of research reports. JPMorgan Chase & Co. cut Americold Realty Trust from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $24.00 to $21.00 in a research note on Monday, June 23rd. Royal Bank Of Canada reduced their price objective on Americold Realty Trust from $25.00 to $19.00 and set an "outperform" rating for the company in a research note on Monday, August 18th. Scotiabank reduced their price objective on Americold Realty Trust from $20.00 to $16.00 and set a "sector perform" rating for the company in a research note on Friday, September 5th. Barclays reduced their price objective on 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. Finally, Wall Street Zen raised Americold Realty Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Seven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $20.00.

Americold Realty Trust 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.