Private Management Group Inc. Acquires Shares of 1,298,213 Americold Realty Trust Inc. (NYSE:COLD)

Key Points

• Private Management Group Inc. invested approximately $27.86 million in Americold Realty Trust by acquiring over 1.29 million shares in the first quarter.
• CEO George F. Jr. Chappelle increased his ownership significantly by purchasing 110,000 shares valued at nearly $1.98 million in a recent transaction.
• The company reported a loss in revenue for the last quarter, with earnings per share of $0.34, falling short of analysts' expectations.

Private Management Group Inc. bought a new stake in shares of Americold Realty Trust Inc. (NYSE:COLD - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,298,213 shares of the company's stock, valued at approximately $27,860,000. Private Management Group Inc. owned about 0.46% of Americold Realty Trust as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Brown Brothers Harriman & Co. purchased a new stake in shares of Americold Realty Trust during the fourth quarter valued at $25,000. Parallel Advisors LLC lifted 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 worth $45,000 after acquiring an additional 847 shares in the last quarter. Assetmark Inc. lifted 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 worth $45,000 after acquiring an additional 826 shares in the last quarter. Spire Wealth Management purchased a new stake in Americold Realty Trust in the 1st quarter worth about $52,000. Finally, Blue Trust Inc. lifted its stake in Americold Realty Trust by 3,390.0% in the 1st quarter. Blue Trust Inc. now owns 2,792 shares of the company's stock worth $60,000 after acquiring an additional 2,712 shares in the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

Americold Realty Trust Stock Performance

COLD traded up $0.19 during midday trading on Tuesday, reaching $16.42. The company's stock had a trading volume of 660,378 shares, compared to its average volume of 2,762,130. The stock has a market cap of $4.68 billion, a P/E ratio of -38.17, a PEG ratio of 2.52 and a beta of 0.84. The company has a fifty day simple moving average of $16.77 and a 200 day simple moving average of $19.34. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.19. Americold Realty Trust Inc. has a twelve month low of $16.06 and a twelve month high of $30.45.

Americold Realty Trust (NYSE:COLD - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.35 by ($0.01). Americold Realty Trust had a negative return on equity of 3.60% and a negative net margin of 4.58%. The firm had revenue of $628.98 million during the quarter, compared to the consensus estimate of $667.18 million. During the same quarter in the prior year, the business posted $0.37 EPS. Americold Realty Trust's revenue was down 5.4% compared to the same quarter last year. Research analysts expect that Americold Realty Trust Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a $0.23 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.60%. Americold Realty Trust's dividend payout ratio is currently -213.95%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Wells Fargo & Company reduced their price objective on Americold Realty Trust from $23.00 to $18.00 and set an "equal weight" rating for the company in a research note on Monday, May 19th. Barclays reduced their price objective on 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. KeyCorp cut their price target on 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. Scotiabank reaffirmed 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. Finally, BNP Paribas Exane downgraded Americold Realty Trust from an "outperform" rating to a "neutral" rating and set a $18.00 price target for the company. in a research note on Thursday, June 12th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $23.92.

Insider Buying and Selling

In other news, CEO George F. Jr. Chappelle acquired 110,000 shares of Americold Realty Trust stock in a transaction on Monday, May 12th. The stock was bought at an average price of $17.99 per share, for a total transaction of $1,978,900.00. Following the transaction, the chief executive officer owned 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 purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Jay Wells bought 10,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were bought at an average price of $17.91 per share, with a total value of $179,100.00. Following the transaction, the chief financial officer directly owned 10,000 shares in the company, valued at $179,100. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.23% of the stock is currently owned by company insiders.

Americold Realty Trust 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.