Anson Funds Management LP Has $4.35 Million Holdings 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 grew its stake in Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 48.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 202,906 shares of the company's stock after buying an additional 66,576 shares during the quarter. Anson Funds Management LP owned 0.07% of Americold Realty Trust worth $4,354,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Strs Ohio acquired a new position in shares of Americold Realty Trust in the first quarter valued at approximately $7,479,000. Jane Street Group LLC boosted its holdings in shares of Americold Realty Trust by 8.7% in the first quarter. Jane Street Group LLC now owns 71,335 shares of the company's stock valued at $1,531,000 after buying an additional 5,693 shares during the period. Woodline Partners LP boosted its holdings in shares of Americold Realty Trust by 42.7% in the first quarter. Woodline Partners LP now owns 1,791,513 shares of the company's stock valued at $38,446,000 after buying an additional 536,435 shares during the period. Empowered Funds LLC acquired a new stake in shares of Americold Realty Trust in the first quarter valued at approximately $240,000. Finally, Caxton Associates LLP acquired a new stake in shares of Americold Realty Trust in the first quarter valued at approximately $462,000. Institutional investors and hedge funds own 98.14% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. downgraded shares of Americold Realty Trust from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $24.00 to $21.00 in a report on Monday, June 23rd. Wall Street Zen upgraded shares of Americold Realty Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Evercore ISI lowered their price objective on shares of Americold Realty Trust from $22.00 to $19.00 and set an "outperform" rating on the stock in a report on Monday. 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 research report on Thursday, June 12th. Finally, Wells Fargo & Company reduced their price target on Americold Realty Trust from $18.00 to $15.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 27th. Seven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $20.00.

Americold Realty Trust Stock Performance

Shares of NYSE COLD opened at $13.19 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.12 and a quick ratio of 0.12. The stock's fifty day moving average price is $15.41 and its two-hundred day moving average price is $17.86. Americold Realty Trust Inc. has a one year low of $13.10 and a one year high of $29.50. The firm has a market cap of $3.76 billion, a price-to-earnings ratio of -69.44, a P/E/G ratio of 4.20 and a beta of 0.84.

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

Americold Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.92 annualized dividend and a yield of 7.0%. Americold Realty Trust's payout ratio is currently -484.21%.

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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