Y Intercept Hong Kong Ltd Sells 27,357 Shares of Americold Realty Trust Inc. (NYSE:COLD)

Key Points

• Y Intercept Hong Kong Ltd has reduced its stake in Americold Realty Trust Inc. by 44.3%, now holding 34,431 shares valued at approximately $739,000.
• CEO George F. Jr. Chappelle recently acquired 110,000 shares of Americold stock at an average cost of $17.99 per share, significantly increasing his position.
• Americold Realty Trust's stock faced several target price reductions from analysts, with the current average target being $23.92 and a consensus rating of "Moderate Buy."

Y Intercept Hong Kong Ltd lowered its stake in Americold Realty Trust Inc. (NYSE:COLD - Free Report) by 44.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,431 shares of the company's stock after selling 27,357 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Americold Realty Trust were worth $739,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Brown Brothers Harriman & Co. acquired a new stake in Americold Realty Trust during the 4th quarter worth about $25,000. Parallel Advisors LLC boosted its position in Americold Realty Trust by 68.1% during 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 during the period. Spire Wealth Management acquired a new stake in Americold Realty Trust during the 1st quarter worth about $52,000. Blue Trust Inc. boosted its position in Americold Realty Trust by 3,390.0% during 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 during the period. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Americold Realty Trust during the 4th quarter valued at $86,000. Institutional investors and hedge funds own 98.14% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Barclays cut their price target on shares of Americold Realty Trust from $21.00 to $20.00 and set an "overweight" rating on the stock in a report on Monday, July 21st. Robert W. Baird cut their price target on shares of Americold Realty Trust from $27.00 to $23.00 and set an "outperform" rating on the stock in a report on Friday, May 16th. JPMorgan Chase & Co. lowered shares of Americold Realty Trust from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $24.00 to $21.00 in a research note on Monday, June 23rd. KeyCorp lowered their target price on shares of Americold Realty Trust from $30.00 to $23.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 1st. Finally, Scotiabank reiterated a "sector perform" rating and issued a $20.00 target price on shares of Americold Realty Trust in a research note on Thursday, May 15th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $23.92.

Insider Activity at Americold Realty Trust

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

Americold Realty Trust Trading Down 2.8%

Shares of COLD stock traded down $0.47 on Wednesday, reaching $16.15. The company had a trading volume of 2,192,114 shares, compared to its average volume of 2,850,798. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.19. The stock has a market cap of $4.60 billion, a PE ratio of -37.56, a PEG ratio of 2.52 and a beta of 0.84. The company has a 50-day moving average of $16.75 and a 200-day moving average of $19.32. Americold Realty Trust Inc. has a 12 month low of $16.00 and a 12 month high of $30.45.

Americold Realty Trust (NYSE:COLD - Get Free Report) last announced its quarterly earnings results 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 net margin of 4.58% and a negative return on equity of 3.60%. The company had revenue of $628.98 million during the quarter, compared to the consensus estimate of $667.18 million. During the same period last year, the company earned $0.37 earnings per share. The business's revenue was down 5.4% compared to the same quarter last year. On average, equities 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 disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors 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 annualized dividend and a dividend yield of 5.70%. Americold Realty Trust's dividend payout ratio is presently -213.95%.

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.