Marshall Wace LLP Invests $36.52 Million in AmeriCold Realty Trust (NYSE:COLD)

Marshall Wace LLP acquired a new stake in AmeriCold Realty Trust (NYSE:COLD) during the first quarter, HoldingsChannel.com reports. The firm acquired 1,196,819 shares of the company’s stock, valued at approximately $36,515,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Morgan Stanley raised its stake in shares of AmeriCold Realty Trust by 17.9% during the 3rd quarter. Morgan Stanley now owns 166,620 shares of the company’s stock valued at $4,169,000 after purchasing an additional 25,338 shares during the period. Bank of Montreal Can grew its position in AmeriCold Realty Trust by 897.2% during the fourth quarter. Bank of Montreal Can now owns 17,909 shares of the company’s stock worth $458,000 after buying an additional 16,113 shares in the last quarter. Rhumbline Advisers grew its position in AmeriCold Realty Trust by 42.8% during the fourth quarter. Rhumbline Advisers now owns 123,367 shares of the company’s stock worth $3,151,000 after buying an additional 36,956 shares in the last quarter. Chicago Equity Partners LLC purchased a new position in AmeriCold Realty Trust during the fourth quarter worth about $668,000. Finally, Rothschild & Co. Asset Management US Inc. purchased a new position in AmeriCold Realty Trust during the fourth quarter worth about $6,837,000. Institutional investors and hedge funds own 84.56% of the company’s stock.

AmeriCold Realty Trust stock traded down $0.12 during midday trading on Friday, hitting $33.05. 1,252,590 shares of the company’s stock were exchanged, compared to its average volume of 1,983,228. AmeriCold Realty Trust has a 52-week low of $21.06 and a 52-week high of $33.38. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.18. The stock has a market cap of $6.33 billion, a price-to-earnings ratio of 28.01, a PEG ratio of 3.10 and a beta of 0.79.

AmeriCold Realty Trust (NYSE:COLD) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. AmeriCold Realty Trust had a return on equity of 7.53% and a net margin of 3.24%. The firm had revenue of $393.10 million during the quarter, compared to analysts’ expectations of $380.18 million. During the same period in the prior year, the business earned $0.31 EPS. The company’s revenue for the quarter was up .5% compared to the same quarter last year. On average, research analysts anticipate that AmeriCold Realty Trust will post 1.18 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Thursday, June 27th. AmeriCold Realty Trust’s payout ratio is currently 67.80%.

Several research firms recently commented on COLD. Raymond James boosted their target price on AmeriCold Realty Trust from $31.00 to $33.50 and gave the stock an “outperform” rating in a research report on Monday, April 22nd. Berenberg Bank began coverage on AmeriCold Realty Trust in a research report on Wednesday, March 13th. They set a “buy” rating and a $35.00 target price for the company. Finally, Zacks Investment Research cut AmeriCold Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $30.86.

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AmeriCold Realty Trust Profile

Americold is the world's largest owner and operator of temperature-controlled warehouses. Based in Atlanta, Georgia, Americold owns and operates 155 temperature-controlled warehouses, with approximately 918.7 million refrigerated cubic feet of storage, in the United States, Australia, New Zealand, Canada, and Argentina.

Further Reading: Return On Assets

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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