Legacy Wealth Asset Management LLC Raises Stock Holdings in Americold Realty Trust, Inc. (NYSE:COLD)

Legacy Wealth Asset Management LLC increased its holdings in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 34.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,310 shares of the company’s stock after acquiring an additional 6,236 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in Americold Realty Trust were worth $520,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Moors & Cabot Inc. grew its position in Americold Realty Trust by 2.3% during the second quarter. Moors & Cabot Inc. now owns 17,340 shares of the company’s stock valued at $443,000 after buying an additional 390 shares during the period. Capital Insight Partners LLC grew its position in shares of Americold Realty Trust by 4.0% during the 3rd quarter. Capital Insight Partners LLC now owns 15,882 shares of the company’s stock valued at $449,000 after acquiring an additional 608 shares during the period. Signaturefd LLC increased its stake in shares of Americold Realty Trust by 17.3% during the 3rd quarter. Signaturefd LLC now owns 4,683 shares of the company’s stock worth $132,000 after purchasing an additional 689 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in shares of Americold Realty Trust by 1.0% in the 3rd quarter. Handelsbanken Fonder AB now owns 73,900 shares of the company’s stock worth $2,089,000 after purchasing an additional 700 shares during the period. Finally, GAMMA Investing LLC lifted its stake in Americold Realty Trust by 189.9% in the third quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock valued at $32,000 after purchasing an additional 735 shares during the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on COLD shares. Barclays decreased their price objective on Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a report on Monday, November 18th. Citigroup lowered their price target on shares of Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 4th. Royal Bank of Canada cut their price objective on shares of Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, November 13th. Scotiabank lowered their target price on shares of Americold Realty Trust from $31.00 to $27.00 and set a “sector outperform” rating on the stock in a report on Tuesday, December 10th. Finally, Robert W. Baird cut their price target on Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $29.17.

Americold Realty Trust Price Performance

Shares of NYSE COLD opened at $21.40 on Friday. The firm has a market capitalization of $6.08 billion, a P/E ratio of -21.19, a P/E/G ratio of 1.55 and a beta of 0.61. 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 stock’s 50-day simple moving average is $22.16 and its two-hundred day simple moving average is $25.89. Americold Realty Trust, Inc. has a twelve month low of $20.41 and a twelve month high of $30.45.

Americold Realty Trust (NYSE:COLD) last announced its earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.35). Americold Realty Trust had a negative net margin of 10.63% and a negative return on equity of 8.08%. The company had revenue of $674.17 million during the quarter, compared to analysts’ expectations of $663.87 million. During the same period in the prior year, the business earned $0.32 earnings per share. The company’s revenue for the quarter was up .9% compared to the same quarter last year. As a group, equities analysts anticipate that Americold Realty Trust, Inc. will post 1.38 EPS for the current fiscal year.

Americold Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.88 dividend on an annualized basis and a yield of 4.11%. Americold Realty Trust’s dividend payout ratio is presently -87.13%.

Insiders Place Their Bets

In related news, SVP Robert E. Harris sold 1,836 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $22.64, for a total transaction of $41,567.04. Following the transaction, the senior vice president now directly owns 1,837 shares of the company’s stock, valued at approximately $41,589.68. This trade represents a 49.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.17% of the company’s stock.

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.