Price T Rowe Associates Inc. MD Has $63.54 Million Holdings in Americold Realty Trust Inc. $COLD

Key Points

• Price T Rowe Associates Inc. significantly increased its stake in Americold Realty Trust by 1,567.1% during the first quarter, now owning approximately 2.96 million shares valued at about $63.5 million.
• A number of research firms have upgraded or adjusted their price targets for Americold, with a consensus rating of "Moderate Buy" and a price target of $21.83.
• Americold reported $0.36 EPS for the last quarter, surpassing estimates, but its revenue declined by 1.5% year-over-year.

Price T Rowe Associates Inc. MD increased its position in Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 1,567.1% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 2,960,873 shares of the company's stock after purchasing an additional 2,783,264 shares during the period. Price T Rowe Associates Inc. MD owned about 1.04% of Americold Realty Trust worth $63,541,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. GKV Capital Management Co. Inc. acquired a new position in Americold Realty Trust in the 1st quarter valued at approximately $36,000. Parallel Advisors LLC increased its stake in Americold Realty Trust by 68.1% in the 1st quarter. Parallel Advisors LLC now owns 2,091 shares of the company's stock valued at $45,000 after buying an additional 847 shares during the period. Assetmark Inc. increased its stake in Americold Realty Trust by 64.2% in the 1st quarter. Assetmark Inc. now owns 2,113 shares of the company's stock valued at $45,000 after buying an additional 826 shares during the period. Avalon Trust Co acquired a new position in Americold Realty Trust in the 1st quarter valued at approximately $49,000. Finally, Spire Wealth Management acquired a new position in Americold Realty Trust in the 1st quarter valued at approximately $52,000. Institutional investors and hedge funds own 98.14% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. 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. Scotiabank reiterated 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. Robert W. Baird reduced their target price on shares of Americold Realty Trust from $23.00 to $19.00 and set an "outperform" rating for the company in a research note on Wednesday, August 13th. Barclays reduced their target price on shares of Americold Realty Trust from $21.00 to $20.00 and set an "overweight" rating for the company in a research note on Monday, July 21st. Finally, KeyCorp reduced their target price on shares of Americold Realty Trust from $30.00 to $23.00 and set an "overweight" rating for the company in a research note on Tuesday, July 1st. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $20.45.

Americold Realty Trust Stock Performance

COLD stock traded down $0.12 during midday trading on Monday, hitting $14.44. 6,248,160 shares of the company traded hands, compared to its average volume of 4,696,423. Americold Realty Trust Inc. has a twelve month low of $14.23 and a twelve month high of $29.58. The stock has a market capitalization of $4.11 billion, a price-to-earnings ratio of -75.97, a price-to-earnings-growth ratio of 4.47 and a beta of 0.85. The business has a 50 day simple moving average of $15.85 and a 200-day simple moving average of $18.19. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.13.

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