IQ EQ FUND MANAGEMENT IRELAND Ltd Grows Stake in Americold Realty Trust Inc. $COLD

IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its stake in Americold Realty Trust Inc. (NYSE:COLD) by 70.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 220,838 shares of the company’s stock after buying an additional 90,912 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd owned approximately 0.08% of Americold Realty Trust worth $2,703,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Caitong International Asset Management Co. Ltd boosted its holdings in Americold Realty Trust by 49,833.3% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 1,498 shares of the company’s stock worth $25,000 after acquiring an additional 1,495 shares during the period. LRI Investments LLC lifted its holdings in Americold Realty Trust by 90.4% in the 3rd quarter. LRI Investments LLC now owns 2,161 shares of the company’s stock worth $26,000 after buying an additional 1,026 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in Americold Realty Trust by 100.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,612 shares of the company’s stock valued at $27,000 after buying an additional 806 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Americold Realty Trust by 252.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,224 shares of the company’s stock valued at $37,000 after buying an additional 1,593 shares during the last quarter. Finally, Whipplewood Advisors LLC grew its stake in shares of Americold Realty Trust by 10,869.6% during the second quarter. Whipplewood Advisors LLC now owns 2,523 shares of the company’s stock valued at $42,000 after acquiring an additional 2,500 shares in the last quarter. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Americold Realty Trust Stock Performance

COLD stock opened at $12.68 on Friday. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.16. The firm has a market cap of $3.61 billion, a P/E ratio of -57.64, a P/E/G ratio of 4.44 and a beta of 0.91. Americold Realty Trust Inc. has a 12-month low of $10.10 and a 12-month high of $23.52. The stock’s 50 day simple moving average is $12.58 and its 200 day simple moving average is $13.17.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.35 EPS for the quarter, hitting analysts’ consensus estimates of $0.35. Americold Realty Trust had a negative net margin of 2.39% and a negative return on equity of 1.96%. The firm had revenue of $663.67 million during the quarter, compared to the consensus estimate of $659.51 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. The firm’s revenue was down 1.6% on a year-over-year basis. As a group, equities research analysts predict that Americold Realty Trust Inc. will post 1.47 EPS for the current year.

Americold Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were issued a $0.23 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $0.92 annualized dividend and a dividend yield of 7.3%. Americold Realty Trust’s payout ratio is -418.18%.

Wall Street Analyst Weigh In

Several research analysts recently commented on COLD shares. Scotiabank boosted their price target on Americold Realty Trust from $12.00 to $14.00 and gave the stock a “sector perform” rating in a research note on Friday, January 9th. UBS Group upped their target price on Americold Realty Trust from $12.00 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Bank of America cut Americold Realty Trust from a “buy” rating to an “underperform” rating and set a $13.00 target price for the company. in a research note on Thursday. Evercore dropped their price target on shares of Americold Realty Trust from $14.00 to $13.00 and set an “in-line” rating for the company in a research note on Monday, December 22nd. Finally, JPMorgan Chase & Co. cut their price target on shares of Americold Realty Trust from $15.00 to $12.00 and set an “underweight” rating on the stock in a report on Friday, November 14th. Three 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $13.85.

Americold Realty Trust Company Profile

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.