932,905 Shares in AmeriCold Realty Trust (COLD) Purchased by Marshall Wace LLP

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.

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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.

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).

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

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