Pinnacle Holdings LLC Invests $2.06 Million in Americold Realty Trust Inc. $COLD

Key Points

• Pinnacle Holdings LLC established a new position in Americold Realty Trust during the second quarter, purchasing 130,869 shares valued at approximately $2.06 million. Institutional investors and hedge funds collectively own 98.14% of the company.
• Analysts maintain a broadly cautious outlook, with a consensus “Hold” rating and an average price target of $15.63. Price targets range from $15 to $19, while Evercore remains the only highlighted firm with an “outperform” rating.
• Americold reported quarterly revenue of $662.89 million, exceeding estimates of $613.54 million, while EPS came in at $0.35 versus $0.36 a year earlier. Revenue increased 1.9% year over year, and fiscal 2026 EPS guidance is $1.20–$1.30.

Pinnacle Holdings LLC bought a new position in Americold Realty Trust Inc. (NYSE:COLD - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 130,869 shares of the company's stock, valued at approximately $2,057,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its holdings in shares of Americold Realty Trust by 42.5% in the first quarter. Goldman Sachs Group Inc. now owns 2,098,104 shares of the company's stock valued at $45,025,000 after buying an additional 626,160 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of Americold Realty Trust during the 1st quarter worth $240,000. Jane Street Group LLC boosted its stake in shares of Americold Realty Trust by 8.7% during the 1st quarter. Jane Street Group LLC now owns 71,335 shares of the company's stock worth $1,531,000 after acquiring an additional 5,693 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Americold Realty Trust during the 2nd quarter worth $86,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Americold Realty Trust by 252.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,224 shares of the company's stock worth $37,000 after acquiring an additional 1,593 shares during the last quarter. 98.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Citigroup boosted 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. Piper Sandler lifted their price target on Americold Realty Trust from $13.00 to $17.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 21st. Weiss Ratings downgraded Americold Realty Trust from a "sell (d+)" rating to a "sell (d)" rating in a report on Tuesday, August 11th. UBS Group boosted their price objective on Americold Realty Trust from $13.00 to $16.00 and gave the stock a "neutral" rating in a report on Friday, July 17th. Finally, Evercore reaffirmed an "outperform" rating and set a $19.00 price objective on shares of Americold Realty Trust in a research note on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $15.63.

Americold Realty Trust Stock Performance

Shares of COLD stock opened at $15.24 on Monday. Americold Realty Trust Inc. has a 1-year low of $10.10 and a 1-year high of $16.88. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $4.35 billion, a price-to-earnings ratio of -9.58 and a beta of 0.97. The stock's fifty day simple moving average is $15.01 and its 200-day simple moving average is $13.69.

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

Americold Realty Trust 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source