66,506 Shares in Americold Realty Trust, Inc. (NYSE:COLD) Bought by TCW Group Inc.

TCW Group Inc. bought a new stake in shares of Americold Realty Trust, Inc. (NYSE:COLD) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 66,506 shares of the company’s stock, valued at approximately $1,880,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Assetmark Inc. increased its holdings in shares of Americold Realty Trust by 2,288.1% during the third quarter. Assetmark Inc. now owns 1,003 shares of the company’s stock valued at $28,000 after acquiring an additional 961 shares in the last quarter. GAMMA Investing LLC increased its stake in Americold Realty Trust by 189.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock valued at $32,000 after purchasing an additional 735 shares in the last quarter. Loomis Sayles & Co. L P acquired a new position in Americold Realty Trust during the 3rd quarter valued at approximately $55,000. Blue Trust Inc. raised its holdings in shares of Americold Realty Trust by 2,727.4% in the second quarter. Blue Trust Inc. now owns 2,997 shares of the company’s stock worth $75,000 after buying an additional 2,891 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in shares of Americold Realty Trust by 22.7% during the second quarter. Signaturefd LLC now owns 3,994 shares of the company’s stock worth $102,000 after buying an additional 740 shares during the period. 98.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Truist Financial cut their target price on Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, December 5th. Royal Bank of Canada cut their price objective on Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, November 13th. Robert W. Baird decreased their target price on Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating for the company in a report on Friday, November 8th. Scotiabank cut their price target on shares of Americold Realty Trust from $31.00 to $27.00 and set a “sector outperform” rating on the stock in a report on Tuesday. Finally, Raymond James decreased their price objective on shares of Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating for the company in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $29.17.

Americold Realty Trust Price Performance

Shares of NYSE COLD opened at $22.49 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.15 and a quick ratio of 0.15. The stock has a market capitalization of $6.39 billion, a price-to-earnings ratio of -22.27, a PEG ratio of 1.83 and a beta of 0.59. The firm’s 50 day simple moving average is $24.60 and its 200-day simple moving average is $26.71. Americold Realty Trust, Inc. has a 12 month low of $21.53 and a 12 month high of $30.92.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.34 by ($0.35). Americold Realty Trust had a negative net margin of 10.63% and a negative return on equity of 8.08%. The firm had revenue of $674.17 million for the quarter, compared to analyst estimates of $663.87 million. During the same quarter in the prior year, the business posted $0.32 EPS. The firm’s quarterly revenue was up .9% compared to the same quarter last year. Analysts expect that Americold Realty Trust, Inc. will post 1.38 EPS for the current year.

Insider Activity at Americold Realty Trust

In other Americold Realty Trust news, SVP Robert E. Harris sold 1,836 shares of the stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $22.64, for a total transaction of $41,567.04. Following the transaction, the senior vice president now directly owns 1,837 shares of the company’s stock, valued at $41,589.68. This trade represents a 49.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.17% of the stock is owned by company insiders.

About Americold Realty Trust

Americold is a global leader in temperature-controlled logistics real estate and value added services. Focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, Americold owns and/or operates 245 temperature-controlled warehouses, with approximately 1.5 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America.