Y Intercept Hong Kong Ltd Grows Stock Position in Americold Realty Trust Inc. $COLD

Y Intercept Hong Kong Ltd grew its holdings in shares of Americold Realty Trust Inc. (NYSE:COLD) by 544.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 221,879 shares of the company’s stock after buying an additional 187,448 shares during the quarter. Y Intercept Hong Kong Ltd owned 0.08% of Americold Realty Trust worth $3,690,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Principal Financial Group Inc. boosted its stake in shares of Americold Realty Trust by 7.8% during the 1st quarter. Principal Financial Group Inc. now owns 16,177,420 shares of the company’s stock valued at $347,167,000 after buying an additional 1,169,063 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Americold Realty Trust by 1.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,229,542 shares of the company’s stock valued at $90,766,000 after buying an additional 73,856 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Americold Realty Trust by 649.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,158,779 shares of the company’s stock valued at $89,247,000 after buying an additional 3,603,716 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Americold Realty Trust by 28.0% during the 1st quarter. American Century Companies Inc. now owns 3,917,087 shares of the company’s stock valued at $84,061,000 after buying an additional 855,883 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Americold Realty Trust by 46.0% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,756,461 shares of the company’s stock valued at $62,470,000 after buying an additional 1,182,707 shares during the last quarter. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Americold Realty Trust Stock Performance

COLD stock opened at $12.52 on Thursday. Americold Realty Trust Inc. has a 12-month low of $11.90 and a 12-month high of $26.42. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.13. The stock’s 50 day simple moving average is $13.51 and its 200 day simple moving average is $15.86. The firm has a market cap of $3.56 billion, a P/E ratio of -65.87, a P/E/G ratio of 4.27 and a beta of 0.81.

Americold Realty Trust (NYSE:COLD) last issued its earnings results on Thursday, August 7th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $650.75 million for the quarter, compared to analyst estimates of $644.95 million. During the same period last year, the company earned $0.38 earnings per share. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. As a group, equities research analysts predict that Americold Realty Trust Inc. will post 1.47 EPS for the current year.

Americold Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.92 annualized dividend and a yield of 7.4%. Americold Realty Trust’s dividend payout ratio (DPR) is currently -484.21%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Wall Street Zen cut Americold Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, October 4th. UBS Group started coverage on Americold Realty Trust in a research report on Tuesday, October 14th. They set a “neutral” rating and a $14.00 price target on the stock. Robert W. Baird dropped their price target on Americold Realty Trust from $23.00 to $19.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 13th. KeyCorp dropped their price target on Americold Realty Trust from $23.00 to $18.00 and set an “overweight” rating on the stock in a research report on Friday, October 3rd. Finally, Wells Fargo & Company dropped their price target on Americold Realty Trust from $18.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 27th. Seven analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Americold Realty Trust has an average rating of “Hold” and a consensus price target of $18.08.

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.