Americold Realty Trust Inc. $COLD Shares Acquired by Anson Funds Management LP

Key Points

• Anson Funds Management LP increased its stake in Americold Realty Trust by 48.8%, acquiring an additional 66,576 shares, bringing their total holdings to 202,906 shares valued at approximately $4.35 million.
• The latest earnings report revealed that Americold Realty Trust beat analysts' EPS estimates, reporting $0.36 for the quarter, though revenue was down 1.5% year-over-year.
• Analyst ratings for Americold Realty Trust vary, with several institutions cutting their price targets, leading to an average target of $21.83, while seven analysts rate the stock as a Buy.

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

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. GKV Capital Management Co. Inc. bought a new position in Americold Realty Trust in the 1st quarter valued at $36,000. Parallel Advisors LLC lifted its position in shares of Americold Realty Trust by 68.1% in 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 in the last quarter. Assetmark Inc. raised its stake in Americold Realty Trust by 64.2% in the 1st quarter. Assetmark Inc. now owns 2,113 shares of the company's stock valued at $45,000 after acquiring an additional 826 shares during the period. Avalon Trust Co bought a new position in Americold Realty Trust during the 1st quarter worth $49,000. Finally, Spire Wealth Management bought a new stake in shares of Americold Realty Trust during the first quarter worth $52,000. 98.14% of the stock is owned by institutional investors.

Americold Realty Trust Price Performance

Shares of COLD stock traded down $0.12 during trading hours on Friday, hitting $14.43. 2,591,266 shares of the company's stock were exchanged, compared to its average volume of 2,995,051. Americold Realty Trust Inc. has a fifty-two week low of $14.23 and a fifty-two week high of $29.58. The firm has a market cap of $4.11 billion, a P/E ratio of -75.97, a P/E/G ratio of 4.61 and a beta of 0.81. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.13. The firm has a 50 day moving average of $15.94 and a two-hundred day moving average of $18.34.

Americold Realty Trust (NYSE:COLD - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.02. The company had revenue of $650.75 million during the quarter, compared to analysts' expectations 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 firm's quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.38 earnings per share. Sell-side analysts forecast that Americold Realty Trust Inc. will post 1.47 EPS for the current year.

Wall Street Analyst Weigh In

COLD has been the subject of several research analyst reports. KeyCorp lowered their price objective on shares of Americold Realty Trust from $30.00 to $23.00 and set an "overweight" rating for the company in a research note on Tuesday, July 1st. Barclays lowered their price objective on shares of Americold Realty Trust from $21.00 to $20.00 and set an "overweight" rating for the company in a report on Monday, July 21st. Royal Bank Of Canada decreased their target price on Americold Realty Trust from $25.00 to $19.00 and set an "outperform" rating for the company in a report on Monday, August 18th. Wall Street Zen raised Americold Realty Trust from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Scotiabank reiterated a "sector perform" rating and issued a $20.00 price target on shares of Americold Realty Trust in a research report on Thursday, May 15th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Americold Realty Trust currently has a consensus rating of "Moderate Buy" and a consensus price target of $20.45.

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.