Jane Street Group LLC Cuts Stock Holdings in Americold Realty Trust, Inc. (NYSE:COLD)

Jane Street Group LLC decreased its holdings in Americold Realty Trust, Inc. (NYSE:COLD - Free Report) by 51.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 65,642 shares of the company's stock after selling 69,212 shares during the period. Jane Street Group LLC's holdings in Americold Realty Trust were worth $1,405,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of COLD. Norges Bank purchased a new position in shares of Americold Realty Trust in the 4th quarter worth approximately $478,674,000. Cohen & Steers Inc. boosted its stake in Americold Realty Trust by 16.3% in the fourth quarter. Cohen & Steers Inc. now owns 28,837,300 shares of the company's stock valued at $617,085,000 after acquiring an additional 4,049,374 shares in the last quarter. Invesco Ltd. grew its holdings in Americold Realty Trust by 253.8% in the fourth quarter. Invesco Ltd. now owns 3,213,139 shares of the company's stock worth $68,761,000 after purchasing an additional 2,304,867 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Americold Realty Trust by 132.0% during the fourth quarter. JPMorgan Chase & Co. now owns 2,951,001 shares of the company's stock worth $63,151,000 after purchasing an additional 1,678,949 shares in the last quarter. Finally, Lasalle Investment Management Securities LLC increased its position in shares of Americold Realty Trust by 85.6% during the fourth quarter. Lasalle Investment Management Securities LLC now owns 3,586,563 shares of the company's stock worth $76,752,000 after purchasing an additional 1,654,650 shares in the last quarter. Hedge funds and other institutional investors own 98.14% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Wells Fargo & Company dropped their target price 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. Scotiabank restated a "sector perform" rating and set a $20.00 price target on shares of Americold Realty Trust in a research note on Thursday, May 15th. Citigroup cut 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. Robert W. Baird lowered their target price on shares of 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, Barclays raised shares of Americold Realty Trust from an "equal weight" rating to an "overweight" rating and dropped their target price for the stock from $26.00 to $21.00 in a research report on Wednesday, April 9th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Americold Realty Trust has a consensus rating of "Moderate Buy" and a consensus price target of $26.09.

Americold Realty Trust Stock Performance

Shares of COLD stock traded down $0.30 during trading hours on Friday, hitting $16.82. The company's stock had a trading volume of 3,142,382 shares, compared to its average volume of 2,265,769. The stock has a market cap of $4.79 billion, a PE ratio of -49.47, a price-to-earnings-growth ratio of 1.66 and a beta of 0.95. Americold Realty Trust, Inc. has a 12-month low of $16.56 and a 12-month high of $30.45. The company has a 50 day moving average of $19.42 and a 200 day moving average of $21.12. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11.

Americold Realty Trust (NYSE:COLD - Get Free Report) last posted 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 analyst estimates 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 revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.37 earnings per share. On average, sell-side analysts forecast that Americold Realty Trust, Inc. will post 1.47 EPS for the current fiscal year.

Americold Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 5.47%. The ex-dividend date is Monday, June 30th. Americold Realty Trust's dividend payout ratio is currently -213.95%.

Insider Activity at Americold Realty Trust

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

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.