Macquarie Group Ltd. Cuts Position in Americold Realty Trust, Inc. (NYSE:COLD)

Posted by on Mar 10th, 2023

Macquarie Group Ltd. trimmed its position in shares of Americold Realty Trust, Inc. (NYSE:COLD – Get Rating) by 24.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 97,405 shares of the company’s stock after selling 31,478 shares during the period. Macquarie Group Ltd.’s holdings in Americold Realty Trust were worth $2,642,000 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 company. Vanguard Group Inc. increased its stake in shares of Americold Realty Trust by 1.0% during the first quarter. Vanguard Group Inc. now owns 37,799,071 shares of the company’s stock worth $1,053,839,000 after buying an additional 365,487 shares during the period. State Street Corp boosted its holdings in Americold Realty Trust by 17.1% in the first quarter. State Street Corp now owns 11,546,934 shares of the company’s stock valued at $324,412,000 after purchasing an additional 1,685,692 shares in the last quarter. Capital Research Global Investors boosted its holdings in Americold Realty Trust by 30.4% in the first quarter. Capital Research Global Investors now owns 8,724,508 shares of the company’s stock valued at $243,239,000 after purchasing an additional 2,034,178 shares in the last quarter. Darlington Partners Capital Management LP boosted its holdings in Americold Realty Trust by 40.9% in the second quarter. Darlington Partners Capital Management LP now owns 4,130,747 shares of the company’s stock valued at $124,088,000 after purchasing an additional 1,199,868 shares in the last quarter. Finally, Centersquare Investment Management LLC boosted its holdings in Americold Realty Trust by 4.9% in the first quarter. Centersquare Investment Management LLC now owns 3,835,806 shares of the company’s stock valued at $106,942,000 after purchasing an additional 180,887 shares in the last quarter. 98.98% of the stock is currently owned by hedge funds and other institutional investors.

Americold Realty Trust Price Performance

Shares of NYSE COLD opened at $29.14 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.18 and a quick ratio of 0.18. The stock has a fifty day moving average price of $30.39 and a 200 day moving average price of $28.47. Americold Realty Trust, Inc. has a 1-year low of $21.49 and a 1-year high of $32.99. The company has a market cap of $7.87 billion, a PE ratio of -416.23, a P/E/G ratio of 6.14 and a beta of 0.49.

Analyst Ratings Changes

COLD has been the subject of a number of research analyst reports. Bank of America raised Americold Realty Trust from a “neutral” rating to a “buy” rating and upped their price target for the company from $27.50 to $33.50 in a report on Monday, November 14th. Exane BNP Paribas initiated coverage on Americold Realty Trust in a report on Wednesday, December 14th. They issued an “outperform” rating for the company. Barclays upped their price target on Americold Realty Trust from $28.00 to $30.00 and gave the company an “underweight” rating in a report on Monday, February 27th. Truist Financial downgraded Americold Realty Trust from a “buy” rating to a “hold” rating and set a $34.00 price objective for the company. in a report on Tuesday, January 17th. Finally, BNP Paribas assumed coverage on Americold Realty Trust in a report on Wednesday, December 14th. They issued an “outperform” rating and a $38.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Americold Realty Trust currently has an average rating of “Hold” and a consensus target price of $32.79.

About Americold Realty Trust

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Americold Realty Trust, Inc is a real estate investment trust, which focuses on the ownership, operation, development, and acquisition of temperature-controlled warehouses. It operates through the following segments: Warehouse, Third-Party Managed, Transportation, and Other. The Warehouse segment collects rent and storage fees from customers to store frozen and perishable food and other products within the firm’s real estate portfolio.

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

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