Americold Realty Trust, Inc. (NYSE:COLD) Shares Sold by Van Lanschot Kempen Investment Management N.V.

Van Lanschot Kempen Investment Management N.V. decreased its position in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 27.3% during the second quarter, Holdings Channel.com reports. The firm owned 283,196 shares of the company’s stock after selling 106,167 shares during the period. Van Lanschot Kempen Investment Management N.V.’s holdings in Americold Realty Trust were worth $7,233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in COLD. International Assets Investment Management LLC acquired a new stake in shares of Americold Realty Trust during the 4th quarter worth approximately $3,169,000. Signaturefd LLC grew its stake in Americold Realty Trust by 24.0% in the 4th quarter. Signaturefd LLC now owns 3,405 shares of the company’s stock valued at $103,000 after acquiring an additional 659 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Americold Realty Trust by 4.8% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 43,507 shares of the company’s stock valued at $1,317,000 after acquiring an additional 1,997 shares during the period. Handelsbanken Fonder AB grew its stake in Americold Realty Trust by 64.1% in the 4th quarter. Handelsbanken Fonder AB now owns 73,200 shares of the company’s stock valued at $2,216,000 after acquiring an additional 28,600 shares during the period. Finally, GAMMA Investing LLC acquired a new stake in Americold Realty Trust in the 4th quarter valued at $50,000. Institutional investors and hedge funds own 98.14% of the company’s stock.

Americold Realty Trust Price Performance

COLD stock traded up $0.74 during midday trading on Friday, reaching $29.53. The stock had a trading volume of 1,534,104 shares, compared to its average volume of 2,344,641. The company’s fifty day simple moving average is $27.74 and its 200 day simple moving average is $26.02. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.15. The company has a market cap of $8.39 billion, a price-to-earnings ratio of -25.23, a price-to-earnings-growth ratio of 2.14 and a beta of 0.59. Americold Realty Trust, Inc. has a 52-week low of $21.87 and a 52-week high of $33.90.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.23) EPS for the quarter, missing the consensus estimate of $0.31 by ($0.54). Americold Realty Trust had a negative return on equity of 8.55% and a negative net margin of 12.17%. The company had revenue of $660.96 million for the quarter, compared to analysts’ expectations of $653.74 million. During the same quarter in the prior year, the firm earned $0.28 EPS. The firm’s revenue was up 1.7% on a year-over-year basis. As a group, sell-side analysts predict that Americold Realty Trust, Inc. will post 1.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on COLD. Wolfe Research raised shares of Americold Realty Trust from a “peer perform” rating to an “outperform” rating and set a $31.00 price target on the stock in a research note on Monday, July 1st. Robert W. Baird lifted their price target on shares of Americold Realty Trust from $29.00 to $31.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. JPMorgan Chase & Co. raised shares of Americold Realty Trust from a “neutral” rating to an “overweight” rating and set a $30.00 price target on the stock in a research note on Wednesday, June 26th. Barclays dropped their price target on shares of Americold Realty Trust from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 14th. Finally, Truist Financial lifted their price target on shares of Americold Realty Trust from $31.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $30.45.

Americold Realty Trust 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.