Geode Capital Management LLC Sells 62,953 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Geode Capital Management LLC reduced its position in Americold Realty Trust, Inc. (NYSE:COLD) by 1.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 4,750,210 shares of the company’s stock after selling 62,953 shares during the period. Geode Capital Management LLC’s holdings in Americold Realty Trust were worth $134,321,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC raised its holdings in Americold Realty Trust by 40.8% during the 3rd quarter. FMR LLC now owns 13,261,431 shares of the company’s stock worth $374,901,000 after purchasing an additional 3,844,603 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Americold Realty Trust by 30.8% during the second quarter. Principal Financial Group Inc. now owns 15,300,802 shares of the company’s stock worth $390,783,000 after buying an additional 3,602,337 shares during the last quarter. Deprince Race & Zollo Inc. lifted its holdings in Americold Realty Trust by 2,542.7% in the second quarter. Deprince Race & Zollo Inc. now owns 1,712,317 shares of the company’s stock valued at $43,733,000 after buying an additional 1,647,522 shares during the period. Darlington Partners Capital Management LP boosted its stake in Americold Realty Trust by 15.1% in the second quarter. Darlington Partners Capital Management LP now owns 9,018,040 shares of the company’s stock valued at $230,321,000 after acquiring an additional 1,183,571 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Americold Realty Trust by 2,175.4% during the 2nd quarter. AQR Capital Management LLC now owns 1,087,628 shares of the company’s stock valued at $27,071,000 after acquiring an additional 1,039,828 shares during the last quarter. Institutional investors own 98.14% of the company’s stock.

Insider Activity

In related news, SVP Robert E. Harris sold 1,836 shares of Americold Realty Trust 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 completion of the transaction, the senior vice president now owns 1,837 shares in the company, valued at approximately $41,589.68. This trade represents a 49.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.17% of the stock is currently owned by insiders.

Americold Realty Trust Stock Performance

Shares of COLD stock opened at $22.49 on Tuesday. The firm has a market cap of $6.39 billion, a PE ratio of -22.26, a P/E/G ratio of 1.80 and a beta of 0.59. Americold Realty Trust, Inc. has a 12 month low of $21.53 and a 12 month high of $30.59. The company’s fifty day simple moving average is $24.41 and its 200-day simple moving average is $26.68. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.11.

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

Analyst Ratings Changes

A number of research firms recently commented on COLD. Evercore ISI upped their price objective on Americold Realty Trust from $33.00 to $34.00 and gave the company an “outperform” rating in a report on Wednesday, August 28th. Raymond James reduced their price objective on shares of Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 11th. Barclays lowered their target price on shares of Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a research note on Monday, November 18th. Citigroup reduced 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. Finally, Robert W. Baird lowered their price objective on shares of Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $29.17.

About Americold Realty Trust

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.