AmeriCold Realty Trust (NYSE:COLD) Shares Sold by Picton Mahoney Asset Management

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Picton Mahoney Asset Management lowered its position in shares of AmeriCold Realty Trust (NYSE:COLD) by 10.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 368,150 shares of the company’s stock after selling 41,100 shares during the period. Picton Mahoney Asset Management owned 0.19% of AmeriCold Realty Trust worth $13,649,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in AmeriCold Realty Trust by 30.8% during the second quarter. Vanguard Group Inc. now owns 27,084,948 shares of the company’s stock worth $878,095,000 after purchasing an additional 6,374,154 shares during the period. Invesco Ltd. grew its holdings in shares of AmeriCold Realty Trust by 4,454.8% in the second quarter. Invesco Ltd. now owns 2,907,757 shares of the company’s stock worth $94,269,000 after acquiring an additional 2,843,918 shares during the period. Nuveen Asset Management LLC grew its holdings in shares of AmeriCold Realty Trust by 343.6% in the second quarter. Nuveen Asset Management LLC now owns 3,312,550 shares of the company’s stock worth $107,394,000 after acquiring an additional 2,565,789 shares during the period. Brookfield Asset Management Inc. grew its holdings in shares of AmeriCold Realty Trust by 56.5% in the second quarter. Brookfield Asset Management Inc. now owns 6,146,252 shares of the company’s stock worth $199,261,000 after acquiring an additional 2,218,541 shares during the period. Finally, Scout Investments Inc. bought a new stake in shares of AmeriCold Realty Trust in the third quarter worth $69,565,000.

In other AmeriCold Realty Trust news, Director Kelly Hefner Barrett purchased 6,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The stock was acquired at an average price of $34.96 per share, with a total value of $209,760.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.42% of the stock is currently owned by company insiders.

Several analysts recently commented on the company. TheStreet raised AmeriCold Realty Trust from a “d” rating to a “c” rating in a report on Friday, August 9th. Robert W. Baird lifted their price objective on AmeriCold Realty Trust from $35.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Bank of America reaffirmed a “buy” rating and issued a $37.00 price objective on shares of AmeriCold Realty Trust in a report on Thursday, August 15th. Zacks Investment Research lowered AmeriCold Realty Trust from a “buy” rating to a “hold” rating in a report on Friday. Finally, JPMorgan Chase & Co. lifted their price objective on AmeriCold Realty Trust from $34.00 to $39.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $37.19.

NYSE:COLD traded down $0.92 during mid-day trading on Tuesday, hitting $37.66. 101,240 shares of the company traded hands, compared to its average volume of 1,342,100. The stock’s fifty day moving average price is $37.74 and its 200-day moving average price is $34.51. AmeriCold Realty Trust has a one year low of $24.27 and a one year high of $40.42. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.07. The firm has a market cap of $7.57 billion, a price-to-earnings ratio of 32.01, a price-to-earnings-growth ratio of 3.27 and a beta of 0.67.

AmeriCold Realty Trust (NYSE:COLD) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.23). The company had revenue of $438.46 million for the quarter, compared to the consensus estimate of $419.30 million. AmeriCold Realty Trust had a net margin of 1.67% and a return on equity of 2.77%. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.29 EPS. Equities analysts predict that AmeriCold Realty Trust will post 1.23 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.80 annualized dividend and a dividend yield of 2.12%. AmeriCold Realty Trust’s dividend payout ratio is presently 67.80%.

AmeriCold Realty Trust Company Profile

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.

Read More: What is meant by buying and selling pressure?

Want to see what other hedge funds are holding COLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AmeriCold Realty Trust (NYSE:COLD).

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

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