AmeriCold Realty Trust (NYSE:COLD) Holdings Cut by Fmr LLC

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FMR LLC cut its holdings in shares of AmeriCold Realty Trust (NYSE:COLD) by 4.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,402,880 shares of the company’s stock after selling 156,799 shares during the period. FMR LLC owned 2.37% of AmeriCold Realty Trust worth $74,932,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in COLD. Daiwa Securities Group Inc. acquired a new stake in AmeriCold Realty Trust during the 2nd quarter worth approximately $137,000. SG Americas Securities LLC acquired a new stake in AmeriCold Realty Trust during the 1st quarter worth approximately $153,000. Envestnet Asset Management Inc. acquired a new stake in AmeriCold Realty Trust during the 1st quarter worth approximately $153,000. Citigroup Inc. acquired a new stake in AmeriCold Realty Trust during the 1st quarter worth approximately $156,000. Finally, California Public Employees Retirement System acquired a new stake in AmeriCold Realty Trust during the 1st quarter worth approximately $191,000. Institutional investors own 60.24% of the company’s stock.

In other news, Director Ronald W. Burkle sold 16,530,191 shares of AmeriCold Realty Trust stock in a transaction on Tuesday, September 18th. The stock was sold at an average price of $23.54, for a total transaction of $389,120,696.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Fortress Investment Group Llc sold 7,235,529 shares of AmeriCold Realty Trust stock in a transaction on Tuesday, September 18th. The stock was sold at an average price of $23.54, for a total value of $170,324,352.66. The disclosure for this sale can be found here.

Shares of NYSE:COLD traded down $0.17 during midday trading on Friday, hitting $24.13. The stock had a trading volume of 717,291 shares, compared to its average volume of 890,025. AmeriCold Realty Trust has a 12 month low of $16.13 and a 12 month high of $26.08. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.24 and a quick ratio of 0.24.

AmeriCold Realty Trust (NYSE:COLD) last announced its quarterly earnings results on Thursday, August 9th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.19. The business had revenue of $394.70 million for the quarter, compared to analyst estimates of $392.08 million. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. As a group, equities research analysts predict that AmeriCold Realty Trust will post 1.06 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend is Thursday, September 27th.

Several equities analysts have recently weighed in on COLD shares. Zacks Investment Research raised shares of AmeriCold Realty Trust from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Tuesday, July 10th. Royal Bank of Canada raised their price target on shares of AmeriCold Realty Trust from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, August 10th. Robert W. Baird raised their price target on shares of AmeriCold Realty Trust from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 18th. Raymond James raised their target price on shares of AmeriCold Realty Trust from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Wednesday, September 19th. Finally, Bank of America raised their target price on shares of AmeriCold Realty Trust from $23.50 to $28.50 and gave the company a “buy” rating in a research note on Friday, September 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. AmeriCold Realty Trust presently has an average rating of “Hold” and a consensus target price of $24.13.

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 156 temperature-controlled warehouses, with approximately 924 million refrigerated cubic feet of storage, in the United States, Australia, New Zealand, Canada, and Argentina.

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Institutional Ownership by Quarter for AmeriCold Realty Trust (NYSE:COLD)

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