Americold Realty Trust Inc. (NYSE:COLD) Stake Lessened by Knights of Columbus Asset Advisors LLC

Key Points

• Knights of Columbus Asset Advisors LLC reduced its stake in Americold Realty Trust by 26.3%, selling 32,972 shares and holding 92,522 shares, valued at approximately $1.986 million.
• Americold Realty Trust reported a quarterly loss of $0.34 EPS, slightly missing analyst estimates, with revenues down 5.4% year-over-year at $628.98 million.
• Several institutional investors, including Norges Bank and Cohen & Steers Inc., increased their positions in Americold Realty Trust, reflecting strong interest from hedge funds as they now own 98.14% of the stock.

Knights of Columbus Asset Advisors LLC lowered its holdings in shares of Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 26.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 92,522 shares of the company's stock after selling 32,972 shares during the period. Knights of Columbus Asset Advisors LLC's holdings in Americold Realty Trust were worth $1,986,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of COLD. Xponance Inc. lifted its stake in shares of Americold Realty Trust by 4.5% in the 1st quarter. Xponance Inc. now owns 13,561 shares of the company's stock worth $291,000 after acquiring an additional 581 shares during the period. Janney Capital Management LLC increased its holdings in Americold Realty Trust by 5.5% during the 1st quarter. Janney Capital Management LLC now owns 11,913 shares of the company's stock valued at $256,000 after acquiring an additional 618 shares in the last quarter. Signaturefd LLC increased its holdings in Americold Realty Trust by 16.9% during the 1st quarter. Signaturefd LLC now owns 4,431 shares of the company's stock valued at $95,000 after acquiring an additional 640 shares in the last quarter. Capital Insight Partners LLC grew its holdings in shares of Americold Realty Trust by 4.0% during the first quarter. Capital Insight Partners LLC now owns 17,706 shares of the company's stock worth $380,000 after buying an additional 684 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its holdings in shares of Americold Realty Trust by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 124,940 shares of the company's stock worth $2,674,000 after buying an additional 780 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. BNP Paribas Exane downgraded shares of Americold Realty Trust from an "outperform" rating to a "neutral" rating and set a $18.00 price target for the company. in a report on Thursday, June 12th. Scotiabank reiterated a "sector perform" rating and set a $20.00 price target on shares of Americold Realty Trust in a report on Thursday, May 15th. Wells Fargo & Company lowered their price target on shares of Americold Realty Trust from $23.00 to $18.00 and set an "equal weight" rating for the company in a report on Monday, May 19th. KeyCorp lowered their price target on shares of Americold Realty Trust from $30.00 to $23.00 and set an "overweight" rating for the company in a report on Tuesday, July 1st. Finally, Barclays decreased their target price on shares of Americold Realty Trust from $21.00 to $20.00 and set an "overweight" rating on the stock in a research report on Monday, July 21st. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $23.92.

Insider Buying and Selling

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

Americold Realty Trust Trading Down 0.7%

Shares of COLD traded down $0.12 during mid-day trading on Wednesday, hitting $16.50. The company had a trading volume of 437,613 shares, compared to its average volume of 2,755,229. The stock has a market cap of $4.70 billion, a PE ratio of -38.36, a P/E/G ratio of 2.46 and a beta of 0.84. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.19. Americold Realty Trust Inc. has a 1-year low of $16.06 and a 1-year high of $30.45. The business's 50-day simple moving average is $16.75 and its 200-day simple moving average is $19.32.

Americold Realty Trust (NYSE:COLD - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.34 earnings per share 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 4.58% and a negative return on equity of 3.60%. The company's quarterly revenue was down 5.4% on a year-over-year basis. During the same period last year, the firm earned $0.37 earnings per share. Sell-side analysts forecast that Americold Realty Trust Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a dividend of $0.23 per share. The ex-dividend date was Monday, June 30th. This represents a $0.92 dividend on an annualized basis and a yield of 5.57%. Americold Realty Trust's dividend payout ratio (DPR) is -213.95%.

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.