Metropolitan Life Insurance Co NY cut its stake in shares of AmeriCold Realty Trust (NYSE:COLD) by 61.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,290 shares of the company’s stock after selling 36,773 shares during the period. Metropolitan Life Insurance Co NY’s holdings in AmeriCold Realty Trust were worth $863,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in COLD. First Trust Advisors LP grew its stake in shares of AmeriCold Realty Trust by 672.3% during the first quarter. First Trust Advisors LP now owns 152,274 shares of the company’s stock valued at $4,646,000 after buying an additional 132,558 shares during the last quarter. Amundi Pioneer Asset Management Inc. raised its position in AmeriCold Realty Trust by 221.5% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 328,694 shares of the company’s stock valued at $10,028,000 after purchasing an additional 226,443 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in AmeriCold Realty Trust by 132.5% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 217,301 shares of the company’s stock worth $7,045,000 after buying an additional 123,854 shares during the period. Los Angeles Capital Management & Equity Research Inc. lifted its holdings in AmeriCold Realty Trust by 29.5% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 63,075 shares of the company’s stock worth $2,045,000 after buying an additional 14,385 shares during the period. Finally, Janney Montgomery Scott LLC bought a new stake in shares of AmeriCold Realty Trust in the 2nd quarter worth approximately $221,000.
COLD stock opened at $37.09 on Monday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.26 and a quick ratio of 0.26. AmeriCold Realty Trust has a 1 year low of $24.27 and a 1 year high of $40.42. The firm has a 50-day moving average of $37.69 and a 200 day moving average of $35.36. The company has a market cap of $7.11 billion, a P/E ratio of 30.91, a PEG ratio of 4.38 and a beta of 0.58.
AmeriCold Realty Trust (NYSE:COLD) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.17). The firm had revenue of $466.18 million for the quarter, compared to the consensus estimate of $452.64 million. AmeriCold Realty Trust had a net margin of 1.75% and a return on equity of 2.36%. The business’s revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.27 earnings per share. On average, equities research analysts expect that AmeriCold Realty Trust will post 1.13 earnings per share for the current fiscal year.
A number of equities analysts recently commented on COLD shares. Zacks Investment Research downgraded AmeriCold Realty Trust from a “hold” rating to a “sell” rating in a report on Thursday, November 21st. JPMorgan Chase & Co. raised their price target on AmeriCold Realty Trust from $34.00 to $39.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. Bank of America reiterated a “buy” rating and issued a $37.00 price target on shares of AmeriCold Realty Trust in a report on Thursday, August 15th. Finally, Robert W. Baird boosted their price objective on shares of AmeriCold Realty Trust from $35.00 to $38.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $37.93.
About AmeriCold Realty Trust
Americold is the world’s largest owner and operator of temperature-controlled warehouses. Based in Atlanta, Georgia, Americold owns and operates 155 temperature-controlled warehouses, with approximately 918.7 million refrigerated cubic feet of storage, in the United States, Australia, New Zealand, Canada, and Argentina.
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