AmeriCold Realty Trust (COLD) Shares Bought by Brasada Capital Management LP

Brasada Capital Management LP increased its stake in AmeriCold Realty Trust (NYSE:COLD) by 249.3% in the third quarter, HoldingsChannel.com reports. The firm owned 26,200 shares of the company’s stock after purchasing an additional 18,700 shares during the quarter. Brasada Capital Management LP’s holdings in AmeriCold Realty Trust were worth $656,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in COLD. Macquarie Group Ltd. acquired a new position in shares of AmeriCold Realty Trust during the 2nd quarter worth about $352,000. Millennium Management LLC boosted its stake in shares of AmeriCold Realty Trust by 16.1% during the 2nd quarter. Millennium Management LLC now owns 634,388 shares of the company’s stock worth $13,969,000 after buying an additional 87,939 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its stake in shares of AmeriCold Realty Trust by 9.1% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 120,000 shares of the company’s stock worth $3,002,000 after buying an additional 10,000 shares during the last quarter. Manning & Napier Group LLC boosted its stake in shares of AmeriCold Realty Trust by 15.2% during the 3rd quarter. Manning & Napier Group LLC now owns 63,940 shares of the company’s stock worth $1,599,000 after buying an additional 8,459 shares during the last quarter. Finally, Soros Fund Management LLC acquired a new position in shares of AmeriCold Realty Trust during the 2nd quarter worth about $12,143,000. 61.64% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on COLD shares. Zacks Investment Research downgraded shares of AmeriCold Realty Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, July 31st. Royal Bank of Canada increased their price objective on shares of AmeriCold Realty Trust from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Friday, August 10th. Robert W. Baird increased their price objective on shares of AmeriCold Realty Trust from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 18th. Raymond James increased their price objective on shares of AmeriCold Realty Trust from $25.00 to $27.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 19th. Finally, Bank of America increased their price objective on shares of AmeriCold Realty Trust from $23.50 to $28.50 and gave the stock a “buy” rating in a research note on Friday, September 21st. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $24.31.

Shares of NYSE:COLD opened at $26.53 on Thursday. AmeriCold Realty Trust has a 52-week low of $16.13 and a 52-week high of $26.97. 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 issued its earnings results on Thursday, November 8th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.10). The company had revenue of $402.01 million for the quarter, compared to analyst estimates of $404.35 million. AmeriCold Realty Trust’s quarterly revenue was up .9% compared to the same quarter last year. On average, equities analysts predict that AmeriCold Realty Trust will post 1.06 EPS for the current year.

In related news, Director Ronald W. Burkle sold 16,530,191 shares of the firm’s stock in a transaction dated Tuesday, September 18th. The shares were sold at an average price of $23.54, for a total value of $389,120,696.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Fortress Investment Group Llc sold 7,235,529 shares of the firm’s stock in a transaction dated Tuesday, September 18th. The shares were 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.

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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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