Clear Harbor Asset Management LLC Acquires New Shares in Americold Realty Trust Inc. $COLD

Key Points

• Clear Harbor Asset Management acquired 78,272 shares of Americold Realty Trust in the second quarter, valued at approximately $1.23 million. Institutional investors collectively own 98.14% of the company.
• Analyst sentiment remains mixed, with four Buy, nine Hold, and three Sell ratings; the consensus rating is Hold with a $15.63 price target.
• Americold reported second-quarter EPS of $0.35 and revenue of $662.89 million, exceeding the $613.54 million consensus estimate, while revenue increased 1.9% year over year.

Clear Harbor Asset Management LLC bought a new stake in shares of Americold Realty Trust Inc. (NYSE:COLD - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 78,272 shares of the company's stock, valued at approximately $1,230,000.

Other hedge funds have also recently modified their holdings of the company. Elevation Point Wealth Partners LLC purchased a new position in Americold Realty Trust in the 2nd quarter worth about $1,241,000. Quantbot Technologies LP bought a new stake in shares of Americold Realty Trust in the second quarter worth approximately $75,000. Evolve Private Wealth LLC purchased a new position in shares of Americold Realty Trust during the second quarter valued at approximately $179,000. Westpac Banking Corp bought a new position in Americold Realty Trust during the second quarter valued at approximately $106,000. Finally, William Blair Investment Management LLC purchased a new stake in Americold Realty Trust in the second quarter worth approximately $12,929,000. Hedge funds and other institutional investors own 98.14% of the company's stock.

Wall Street Analysts Forecast Growth

COLD has been the subject of a number of research reports. KeyCorp reiterated an "overweight" rating on shares of Americold Realty Trust in a research note on Monday, August 10th. UBS Group upped their price objective on Americold Realty Trust from $13.00 to $16.00 and gave the company a "neutral" rating in a research report on Friday, July 17th. Citigroup raised their target price on Americold Realty Trust from $14.00 to $15.00 and gave the stock a "neutral" rating in a research report on Thursday, May 14th. Weiss Ratings lowered shares of Americold Realty Trust from a "sell (d+)" rating to a "sell (d)" rating in a research report on Tuesday, August 11th. Finally, Barclays raised their price objective on shares of Americold Realty Trust from $12.00 to $13.00 and gave the stock an "underweight" rating in a report on Friday, May 15th. Four investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $15.63.

Americold Realty Trust Stock Performance

NYSE:COLD opened at $15.24 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.10 and a current ratio of 0.10. The stock has a 50-day simple moving average of $15.01 and a two-hundred day simple moving average of $13.69. The firm has a market capitalization of $4.35 billion, a PE ratio of -9.58 and a beta of 0.97. Americold Realty Trust Inc. has a 52-week low of $10.10 and a 52-week high of $16.88.

Americold Realty Trust (NYSE:COLD - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.35 EPS for the quarter. The firm had revenue of $662.89 million for the quarter, compared to the consensus estimate of $613.54 million. Americold Realty Trust had a negative return on equity of 16.14% and a negative net margin of 17.44%.The business's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.36 earnings per share. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. Analysts forecast that Americold Realty Trust Inc. will post 1.15 EPS for the current year.

Americold Realty Trust Company Profile

Americold Realty Trust is a real estate investment trust specializing in temperature-controlled warehousing and logistics solutions. The company owns, operates, and develops a global network of cold storage facilities designed to support the storage, handling, and distribution of perishable products. Services include blast freezing, repacking, labeling, cross-docking, and transportation management, all integrated to streamline clients' cold chain operations and help ensure product quality and safety from origin to point of consumption.

With roots dating back to the early 20th century, Americold has expanded through strategic acquisitions and facility development to become one of the world's largest publicly traded cold storage providers.

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