Pinnacle Holdings LLC Acquires New Shares in Americold Realty Trust Inc. $COLD

Pinnacle Holdings LLC bought a new position in Americold Realty Trust Inc. (NYSE:COLD) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 130,869 shares of the company’s stock, valued at approximately $2,057,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in COLD. Goldman Sachs Group Inc. lifted its holdings in shares of Americold Realty Trust by 42.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,098,104 shares of the company’s stock valued at $45,025,000 after buying an additional 626,160 shares during the last quarter. Empowered Funds LLC bought a new position in Americold Realty Trust during the first quarter valued at approximately $240,000. Jane Street Group LLC raised its position in Americold Realty Trust by 8.7% during the first quarter. Jane Street Group LLC now owns 71,335 shares of the company’s stock valued at $1,531,000 after acquiring an additional 5,693 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Americold Realty Trust in the second quarter valued at approximately $86,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Americold Realty Trust by 252.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,224 shares of the company’s stock worth $37,000 after purchasing an additional 1,593 shares during the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on COLD shares. Wall Street Zen raised shares of Americold Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Evercore reissued an “outperform” rating and set a $19.00 price objective on shares of Americold Realty Trust in a report on Friday, August 7th. Robert W. Baird set a $15.00 target price on Americold Realty Trust in a research report on Friday, May 8th. DA Davidson set a $16.00 price target on Americold Realty Trust in a report on Tuesday, August 18th. Finally, Bank of America raised shares of Americold Realty Trust from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $15.00 to $16.00 in a research report on Tuesday, August 18th. Four investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $15.63.

Americold Realty Trust Stock Performance

COLD opened at $15.24 on Monday. The firm has a market capitalization of $4.35 billion, a P/E ratio of -9.58 and a beta of 0.97. The stock’s 50 day moving average price is $15.01 and its two-hundred day moving average price is $13.69. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.25. Americold Realty Trust Inc. has a 12-month low of $10.10 and a 12-month high of $16.88.

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.35 EPS for the quarter. Americold Realty Trust had a negative return on equity of 16.14% and a negative net margin of 17.44%.The company had revenue of $662.89 million during the quarter, compared to analyst estimates of $613.54 million. During the same period in the previous year, the company earned $0.36 earnings per share. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. On average, equities analysts forecast that Americold Realty Trust Inc. will post 1.15 earnings per share for the current year.

About Americold Realty Trust

Americold Realty Trust is a real estate investment trust specializing in temperature-controlled warehousing and logistics solutions. The company owns, operates, and develops a global network of cold storage facilities designed to support the storage, handling, and distribution of perishable products. Services include blast freezing, repacking, labeling, cross-docking, and transportation management, all integrated to streamline clients’ cold chain operations and help ensure product quality and safety from origin to point of consumption.

With roots dating back to the early 20th century, Americold has expanded through strategic acquisitions and facility development to become one of the world’s largest publicly traded cold storage providers.