Marshall Wace LLP bought a new stake in AmeriCold Realty Trust (NYSE:COLD) during the third quarter, HoldingsChannel.com reports. The fund bought 932,905 shares of the company’s stock, valued at approximately $23,341,000.
Other hedge funds have also modified their holdings of the company. UBS Group AG purchased a new stake in AmeriCold Realty Trust during the 1st quarter worth $231,000. Principal Financial Group Inc. purchased a new stake in AmeriCold Realty Trust during the 1st quarter worth $3,287,000. Daiwa Securities Group Inc. purchased a new stake in AmeriCold Realty Trust during the 2nd quarter worth $137,000. Raymond James Financial Services Advisors Inc. purchased a new stake in AmeriCold Realty Trust during the 2nd quarter worth $588,000. Finally, Virginia Retirement Systems ET AL purchased a new stake in AmeriCold Realty Trust during the 2nd quarter worth $1,537,000. 75.80% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Ronald W. Burkle sold 16,530,191 shares of AmeriCold Realty Trust 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Fortress Investment Group Llc sold 7,235,529 shares of AmeriCold Realty Trust 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.
Shares of COLD stock opened at $27.86 on Friday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.06. AmeriCold Realty Trust has a 1-year low of $16.13 and a 1-year high of $28.01.
AmeriCold Realty Trust (NYSE:COLD) last announced its quarterly earnings data on Thursday, November 8th. The company reported $0.17 earnings per share 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 had a return on equity of 11.66% and a net margin of 3.35%. AmeriCold Realty Trust’s quarterly revenue was up .9% on a year-over-year basis. Research analysts expect that AmeriCold Realty Trust will post 1.09 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st will be issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 2.69%. The ex-dividend date is Friday, December 28th.
Several equities research analysts recently issued reports on the stock. SunTrust Banks lifted their price target on shares of AmeriCold Realty Trust to $32.00 and gave the stock a “positive” rating in a research note on Wednesday, November 21st. Zacks Investment Research raised shares of AmeriCold Realty Trust from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Thursday, November 15th. Raymond James raised their price objective on shares of AmeriCold Realty Trust from $27.00 to $28.50 and gave the stock an “outperform” rating in a report on Tuesday, November 13th. Bank of America raised their price objective on shares of AmeriCold Realty Trust from $23.50 to $28.50 and gave the stock a “buy” rating in a report on Friday, September 21st. Finally, Robert W. Baird raised their price objective on shares of AmeriCold Realty Trust from $25.00 to $26.00 and gave the stock an “outperform” rating in a report on Tuesday, September 18th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $26.19.
TRADEMARK VIOLATION NOTICE: This report was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this report on another site, it was stolen and republished in violation of U.S. and international copyright and trademark legislation. The original version of this report can be accessed at https://www.dispatchtribunal.com/2018/12/08/932905-shares-in-americold-realty-trust-cold-purchased-by-marshall-wace-llp.html.
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.
Featured Article: Stock Split
Want to see what other hedge funds are holding COLD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AmeriCold Realty Trust (NYSE:COLD).
Receive News & Ratings for AmeriCold Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AmeriCold Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.