Earnest Partners LLC Increases Stock Position in Americold Realty Trust Inc. $COLD

Key Points

• Earnest Partners LLC increased its stake in Americold Realty Trust by 2.8%, acquiring an additional 71,069 shares, bringing their total ownership to approximately 2.6 million shares valued at $55.7 million.
• Several hedge funds have also adjusted their positions in Americold, with 98.14% of the stock now owned by institutional investors.
• Wall Street analysts have mixed ratings for Americold Realty Trust, with price targets ranging from $15.00 to $20.00, indicating a generally cautious outlook on the stock.

Earnest Partners LLC increased its stake in shares of Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 2.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,595,058 shares of the company's stock after acquiring an additional 71,069 shares during the quarter. Earnest Partners LLC owned about 0.91% of Americold Realty Trust worth $55,690,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GKV Capital Management Co. Inc. acquired a new stake in Americold Realty Trust during the 1st quarter worth $36,000. Parallel Advisors LLC raised its stake in Americold Realty Trust by 68.1% during the 1st quarter. Parallel Advisors LLC now owns 2,091 shares of the company's stock worth $45,000 after acquiring an additional 847 shares in the last quarter. Assetmark Inc. raised its stake in 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. Avalon Trust Co acquired a new stake in Americold Realty Trust during the 1st quarter worth $49,000. Finally, Spire Wealth Management acquired a new stake in Americold Realty Trust during the 1st quarter worth $52,000. 98.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

COLD has been the topic of several research analyst reports. Wells Fargo & Company cut their price target on shares of Americold Realty Trust from $18.00 to $15.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 27th. BNP Paribas Exane lowered shares of Americold Realty Trust from an "outperform" rating to a "neutral" rating and set a $18.00 price objective on the stock. in a research note on Thursday, June 12th. Truist Financial dropped their price objective on shares of Americold Realty Trust from $24.00 to $20.00 and set a "buy" rating on the stock in a research note on Friday, August 22nd. Scotiabank restated a "sector perform" rating and issued a $20.00 price objective on shares of Americold Realty Trust in a research note on Thursday, May 15th. Finally, JPMorgan Chase & Co. lowered shares of Americold Realty Trust from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $24.00 to $21.00 in a research note on Monday, June 23rd. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, Americold Realty Trust has an average rating of "Moderate Buy" and a consensus target price of $20.45.

Americold Realty Trust Price Performance

COLD stock traded down $0.18 during trading on Tuesday, reaching $14.26. 1,219,360 shares of the company were exchanged, compared to its average volume of 3,007,762. The company has a market cap of $4.06 billion, a P/E ratio of -74.92, a PEG ratio of 4.47 and a beta of 0.85. Americold Realty Trust Inc. has a 52-week low of $14.15 and a 52-week high of $29.58. The stock's 50 day moving average price is $15.85 and its 200 day moving average price is $18.19. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.12 and a current ratio of 0.12.

Americold Realty Trust (NYSE:COLD - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.02. The firm had revenue of $650.75 million for the quarter, compared to the consensus estimate of $644.95 million. Americold Realty Trust had a negative net margin of 2.09% and a negative return on equity of 1.68%. The firm's revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.38 earnings per share. As a group, analysts predict that Americold Realty Trust Inc. will post 1.47 earnings per share for the current fiscal year.

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.