GAMMA Investing LLC Increases Position in Americold Realty Trust, Inc. (NYSE:COLD)

GAMMA Investing LLC increased its stake in Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 11,560.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 138,181 shares of the company's stock after purchasing an additional 136,996 shares during the period. GAMMA Investing LLC's holdings in Americold Realty Trust were worth $2,965,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of Americold Realty Trust during the 4th quarter worth about $980,000. Y Intercept Hong Kong Ltd increased its position in shares of Americold Realty Trust by 139.3% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 61,788 shares of the company's stock worth $1,322,000 after purchasing an additional 35,973 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Americold Realty Trust by 7.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 857,571 shares of the company's stock worth $18,352,000 after acquiring an additional 57,248 shares during the period. JPMorgan Chase & Co. boosted its stake in Americold Realty Trust by 132.0% in the fourth quarter. JPMorgan Chase & Co. now owns 2,951,001 shares of the company's stock valued at $63,151,000 after buying an additional 1,678,949 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Americold Realty Trust by 2.5% during the fourth quarter. Bank of New York Mellon Corp now owns 1,226,026 shares of the company's stock worth $26,237,000 after buying an additional 29,580 shares in the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Americold Realty Trust news, CFO Jay Wells purchased 10,000 shares of the business's stock in a transaction on Monday, May 12th. The shares were bought at an average cost of $17.91 per share, for a total transaction of $179,100.00. Following the completion of the purchase, the chief financial officer now directly owns 10,000 shares of the company's stock, valued at approximately $179,100. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO George F. Jr. Chappelle purchased 110,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was purchased at an average price of $17.99 per share, with a total value of $1,978,900.00. Following the purchase, the chief executive officer now directly owns 110,000 shares of the company's stock, valued at $1,978,900. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.23% of the company's stock.

Americold Realty Trust Stock Performance

COLD stock traded down $0.53 during trading on Friday, hitting $16.85. 2,215,527 shares of the company traded hands, compared to its average volume of 2,293,549. Americold Realty Trust, Inc. has a 1 year low of $16.11 and a 1 year high of $30.45. The company has a market cap of $4.80 billion, a PE ratio of -49.57, a P/E/G ratio of 1.66 and a beta of 0.84. The stock's 50-day simple moving average is $18.24 and its 200 day simple moving average is $20.60. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.15.

Americold Realty Trust (NYSE:COLD - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by ($0.01). The business had revenue of $628.98 million for the quarter, compared to analysts' expectations of $667.18 million. Americold Realty Trust had a negative net margin of 3.54% and a negative return on equity of 2.70%. The company's quarterly revenue was down 5.4% on a year-over-year basis. During the same quarter last year, the business earned $0.37 EPS. On average, equities analysts expect that Americold Realty Trust, Inc. will post 1.47 earnings per share for the current fiscal year.

Americold Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 5.46%. The ex-dividend date of this dividend is Monday, June 30th. Americold Realty Trust's dividend payout ratio (DPR) is presently -213.95%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on COLD shares. Wells Fargo & Company dropped their price objective on Americold Realty Trust from $23.00 to $18.00 and set an "equal weight" rating on the stock in a research note on Monday, May 19th. Citigroup lowered their price objective on shares of Americold Realty Trust from $25.00 to $23.00 and set a "neutral" rating on the stock in a report on Friday, March 21st. BNP Paribas Exane lowered shares of Americold Realty Trust from an "outperform" rating to a "neutral" rating and set a $18.00 target price on the stock. in a report on Thursday. Robert W. Baird cut their price target on Americold Realty Trust from $27.00 to $23.00 and set an "outperform" rating for the company in a research note on Friday, May 16th. Finally, Scotiabank reissued a "sector perform" rating and set a $20.00 price objective on shares of Americold Realty Trust in a report on Thursday, May 15th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $25.42.

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.