Verition Fund Management LLC Makes New $244,000 Investment in AmeriCold Realty Trust (NYSE:COLD)
Verition Fund Management LLC bought a new position in shares of AmeriCold Realty Trust (NYSE:COLD) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,717 shares of the company’s stock, valued at approximately $244,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of COLD. CSat Investment Advisory L.P. raised its holdings in shares of AmeriCold Realty Trust by 381.3% in the second quarter. CSat Investment Advisory L.P. now owns 1,107 shares of the company’s stock valued at $40,000 after purchasing an additional 877 shares during the last quarter. Harbor Investment Advisory LLC purchased a new stake in AmeriCold Realty Trust during the first quarter worth about $41,000. IFP Advisors Inc increased its holdings in AmeriCold Realty Trust by 297.6% during the second quarter. IFP Advisors Inc now owns 1,650 shares of the company’s stock worth $59,000 after buying an additional 1,235 shares during the last quarter. Advisors Asset Management Inc. purchased a new stake in AmeriCold Realty Trust during the second quarter worth about $78,000. Finally, Capital Analysts LLC increased its holdings in AmeriCold Realty Trust by 115.1% during the first quarter. Capital Analysts LLC now owns 2,355 shares of the company’s stock worth $80,000 after buying an additional 1,260 shares during the last quarter.
COLD stock opened at $37.00 on Wednesday. The firm has a 50 day moving average of $38.74 and a 200-day moving average of $35.20. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.06. AmeriCold Realty Trust has a 12 month low of $23.30 and a 12 month high of $41.29. The firm has a market capitalization of $7.52 billion, a P/E ratio of 72.55, a price-to-earnings-growth ratio of 3.19 and a beta of 0.11.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend is Tuesday, September 29th. AmeriCold Realty Trust’s dividend payout ratio (DPR) is presently 71.79%.
In other AmeriCold Realty Trust news, insider David Keith Stuver sold 10,294 shares of AmeriCold Realty Trust stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $39.02, for a total transaction of $401,671.88. Also, EVP Robert Scott Chambers sold 9,632 shares of AmeriCold Realty Trust stock in a transaction on Friday, August 14th. The stock was sold at an average price of $38.80, for a total transaction of $373,721.60. Company insiders own 0.42% of the company’s stock.
A number of analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of AmeriCold Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 13th. Berenberg Bank upgraded shares of AmeriCold Realty Trust from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Thursday, August 13th. Finally, Raymond James increased their target price on shares of AmeriCold Realty Trust from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 15th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $39.71.
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 155 temperature-controlled warehouses, with approximately 918.7 million refrigerated cubic feet of storage, in the United States, Australia, New Zealand, Canada, and Argentina.
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