AmeriCold Realty Trust (COLD) Position Raised by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its position in shares of AmeriCold Realty Trust (NYSE:COLD) by 89.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,045,514 shares of the company’s stock after buying an additional 494,198 shares during the quarter. Russell Investments Group Ltd.’s holdings in AmeriCold Realty Trust were worth $26,100,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. First Trust Advisors LP bought a new stake in AmeriCold Realty Trust during the third quarter worth approximately $279,000. Strs Ohio increased its holdings in shares of AmeriCold Realty Trust by 58.3% in the third quarter. Strs Ohio now owns 141,490 shares of the company’s stock valued at $3,540,000 after buying an additional 52,110 shares in the last quarter. State of New Jersey Common Pension Fund D increased its holdings in shares of AmeriCold Realty Trust by 9.1% in the third quarter. State of New Jersey Common Pension Fund D now owns 120,000 shares of the company’s stock valued at $3,002,000 after buying an additional 10,000 shares in the last quarter. Manning & Napier Group LLC increased its holdings in shares of AmeriCold Realty Trust by 15.2% in the third quarter. Manning & Napier Group LLC now owns 63,940 shares of the company’s stock valued at $1,599,000 after buying an additional 8,459 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in shares of AmeriCold Realty Trust by 45.2% in the third quarter. State of Alaska Department of Revenue now owns 27,640 shares of the company’s stock valued at $690,000 after buying an additional 8,610 shares in the last quarter. 60.65% of the stock is currently owned by hedge funds and other institutional investors.

In other AmeriCold Realty Trust news, Director Ronald W. Burkle sold 16,530,191 shares of AmeriCold Realty Trust stock in a transaction that occurred on Tuesday, September 18th. The shares were sold at an average price of $23.54, for a total transaction of $389,120,696.14. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Fortress Investment Group Llc sold 7,235,529 shares of AmeriCold Realty Trust stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of $23.54, for a total transaction of $170,324,352.66. The disclosure for this sale can be found here.

NYSE COLD opened at $24.44 on Monday. AmeriCold Realty Trust has a 1 year low of $16.13 and a 1 year high of $26.08. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.06.

AmeriCold Realty Trust (NYSE:COLD) last posted its quarterly earnings results on Thursday, August 9th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.19. The company had revenue of $394.70 million during the quarter, compared to the consensus estimate of $392.08 million. The firm’s quarterly revenue was up 4.0% compared to the same quarter last year. Equities analysts anticipate that AmeriCold Realty Trust will post 1.06 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend was Thursday, September 27th.

Several research analysts have issued reports on COLD shares. Bank of America upped their price target on AmeriCold Realty Trust from $23.50 to $28.50 and gave the company a “buy” rating in a report on Friday, September 21st. Zacks Investment Research raised AmeriCold Realty Trust from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Tuesday, July 10th. Royal Bank of Canada upped their price target on AmeriCold Realty Trust from $25.00 to $26.00 and gave the company a “buy” rating in a report on Friday, August 10th. Raymond James upped their price target on AmeriCold Realty Trust from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Wednesday, September 19th. Finally, Robert W. Baird upped their price target on AmeriCold Realty Trust from $25.00 to $26.00 and gave the company an “outperform” rating in a report on Tuesday, September 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $24.13.

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 156 temperature-controlled warehouses, with approximately 924 million refrigerated cubic feet of storage, in the United States, Australia, New Zealand, Canada, and Argentina.

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

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