Robert E. Harris Sells 1,836 Shares of Americold Realty Trust, Inc. (NYSE:COLD) Stock

Americold Realty Trust, Inc. (NYSE:COLD) SVP Robert E. Harris sold 1,836 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $22.64, for a total transaction of $41,567.04. Following the transaction, the senior vice president now owns 1,837 shares in the company, valued at $41,589.68. The trade was a 49.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Americold Realty Trust Price Performance

Shares of NYSE:COLD opened at $23.13 on Friday. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $6.57 billion, a PE ratio of -22.90, a P/E/G ratio of 1.81 and a beta of 0.59. Americold Realty Trust, Inc. has a twelve month low of $21.53 and a twelve month high of $30.92. The company has a 50-day moving average price of $24.99 and a two-hundred day moving average price of $26.79.

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.34 by ($0.35). The firm had revenue of $674.17 million for the quarter, compared to analysts’ expectations of $663.87 million. Americold Realty Trust had a negative net margin of 10.63% and a negative return on equity of 8.08%. Americold Realty Trust’s revenue was up .9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.32 EPS. Equities analysts forecast that Americold Realty Trust, Inc. will post 1.38 EPS for the current year.

Institutional Investors Weigh In On Americold Realty Trust

Hedge funds have recently bought and sold shares of the stock. Franklin Resources Inc. lifted its holdings in shares of Americold Realty Trust by 14.4% in the 3rd quarter. Franklin Resources Inc. now owns 245,110 shares of the company’s stock worth $6,564,000 after acquiring an additional 30,831 shares during the last quarter. Tidal Investments LLC lifted its holdings in shares of Americold Realty Trust by 51.2% in the 3rd quarter. Tidal Investments LLC now owns 91,203 shares of the company’s stock worth $2,578,000 after acquiring an additional 30,875 shares during the last quarter. TCW Group Inc. bought a new stake in shares of Americold Realty Trust in the 3rd quarter worth approximately $1,880,000. Barclays PLC increased its stake in shares of Americold Realty Trust by 22.3% in the third quarter. Barclays PLC now owns 98,739 shares of the company’s stock worth $2,791,000 after buying an additional 18,015 shares during the period. Finally, MML Investors Services LLC increased its stake in shares of Americold Realty Trust by 1.8% in the third quarter. MML Investors Services LLC now owns 48,558 shares of the company’s stock worth $1,373,000 after buying an additional 882 shares during the period. 98.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on COLD. Barclays dropped their target price on shares of Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Monday, November 18th. Evercore ISI upped their price objective on shares of Americold Realty Trust from $33.00 to $34.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Royal Bank of Canada lowered their price objective on shares of Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, November 13th. Robert W. Baird lowered their price objective on shares of Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, November 8th. Finally, Citigroup lowered their price objective on shares of Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating on the stock in a report on Wednesday. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $29.83.

Americold Realty Trust Company Profile

Americold is a global leader in temperature-controlled logistics real estate and value added services. Focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, Americold owns and/or operates 245 temperature-controlled warehouses, with approximately 1.5 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America.