Legacy Wealth Asset Management LLC Increases Stake in Americold Realty Trust, Inc. (NYSE:COLD)

Legacy Wealth Asset Management LLC grew its stake in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 34.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 24,310 shares of the company’s stock after buying an additional 6,236 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in Americold Realty Trust were worth $520,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Assetmark Inc. raised its position in Americold Realty Trust by 2,288.1% during the 3rd quarter. Assetmark Inc. now owns 1,003 shares of the company’s stock valued at $28,000 after purchasing an additional 961 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Americold Realty Trust by 189.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock valued at $32,000 after purchasing an additional 735 shares in the last quarter. Loomis Sayles & Co. L P bought a new position in Americold Realty Trust in the third quarter worth about $55,000. Blue Trust Inc. lifted its holdings in Americold Realty Trust by 29.5% in the third quarter. Blue Trust Inc. now owns 3,880 shares of the company’s stock worth $110,000 after buying an additional 883 shares during the period. Finally, Capital Performance Advisors LLP purchased a new position in shares of Americold Realty Trust during the 3rd quarter worth approximately $128,000. Institutional investors own 98.14% of the company’s stock.

Insider Activity

In related news, SVP Robert E. Harris sold 1,836 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 1,837 shares in the company, valued at approximately $41,589.68. The trade was a 49.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.17% of the company’s stock.

Americold Realty Trust Stock Performance

Shares of NYSE COLD opened at $21.40 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’s 50-day moving average price is $22.16 and its 200-day moving average price is $25.89. Americold Realty Trust, Inc. has a 52-week low of $20.41 and a 52-week high of $30.45. The company has a market cap of $6.08 billion, a PE ratio of -21.19, a PEG ratio of 1.55 and a beta of 0.61.

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

Americold Realty Trust Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on COLD shares. Truist Financial lowered their price objective on Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, December 5th. Citigroup lowered their price target on shares of Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, December 4th. Robert W. Baird cut 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. 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 report on Monday, November 18th. Finally, Royal Bank of Canada reduced their price objective on Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $29.17.

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.