Slow Capital Inc. Takes Position in AmeriCold Realty Trust (COLD)

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Slow Capital Inc. acquired a new position in shares of AmeriCold Realty Trust (NYSE:COLD) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 25,494 shares of the company’s stock, valued at approximately $651,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. State of Alaska Department of Revenue raised its stake in AmeriCold Realty Trust by 1.9% during the 4th quarter. State of Alaska Department of Revenue now owns 28,166 shares of the company’s stock valued at $718,000 after purchasing an additional 526 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in AmeriCold Realty Trust by 6.4% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 15,512 shares of the company’s stock valued at $396,000 after purchasing an additional 932 shares during the last quarter. Sarasin & Partners LLP raised its stake in AmeriCold Realty Trust by 1.1% during the 3rd quarter. Sarasin & Partners LLP now owns 230,000 shares of the company’s stock valued at $5,755,000 after purchasing an additional 2,478 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in AmeriCold Realty Trust by 40.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 8,700 shares of the company’s stock valued at $218,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Quantamental Technologies LLC acquired a new position in AmeriCold Realty Trust during the 4th quarter valued at $74,000. 75.84% of the stock is owned by institutional investors and hedge funds.

COLD has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of AmeriCold Realty Trust from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Thursday, November 15th. ValuEngine upgraded shares of AmeriCold Realty Trust from a “hold” rating to a “buy” rating in a research note on Wednesday, January 9th. Raymond James increased their price objective on shares of AmeriCold Realty Trust from $27.00 to $28.50 and gave the company an “outperform” rating in a research note on Tuesday, November 13th. Robert W. Baird increased their price objective on shares of AmeriCold Realty Trust from $26.00 to $31.00 and gave the company an “outperform” rating in a research note on Wednesday, December 19th. Finally, SunTrust Banks increased their price objective on shares of AmeriCold Realty Trust to $32.00 and gave the company a “positive” rating in a research note on Wednesday, November 21st. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. AmeriCold Realty Trust presently has an average rating of “Buy” and a consensus price target of $26.81.

Shares of COLD stock traded up $0.19 during mid-day trading on Thursday, reaching $28.87. The company’s stock had a trading volume of 336,513 shares, compared to its average volume of 955,844. AmeriCold Realty Trust has a 1-year low of $16.13 and a 1-year high of $29.01. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.30 and a current ratio of 0.30.

AmeriCold Realty Trust (NYSE:COLD) last announced its quarterly earnings data on Thursday, November 8th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.10). AmeriCold Realty Trust had a net margin of 3.35% and a return on equity of 11.66%. The business had revenue of $402.01 million during the quarter, compared to analyst estimates of $404.35 million. The business’s revenue for the quarter was up .9% on a year-over-year basis. Sell-side analysts expect that AmeriCold Realty Trust will post 1.09 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 15th. Investors of record on Monday, December 31st were given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend was Friday, December 28th.

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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.

Further Reading: What is a Market Correction?

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

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