Macquarie Group Ltd. Sells 31,478 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Posted by on Mar 10th, 2023

Macquarie Group Ltd. cut its holdings in Americold Realty Trust, Inc. (NYSE:COLD – Get Rating) by 24.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of COLD. Segall Bryant & Hamill LLC boosted its holdings in Americold Realty Trust by 40.8% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 206,303 shares of the company’s stock valued at $5,074,000 after purchasing an additional 59,825 shares during the period. Wolverine Trading LLC bought a new position in Americold Realty Trust in the 3rd quarter valued at $250,000. Verition Fund Management LLC boosted its holdings in Americold Realty Trust by 874.7% in the 3rd quarter. Verition Fund Management LLC now owns 65,624 shares of the company’s stock valued at $1,614,000 after purchasing an additional 58,891 shares during the period. Lazard Asset Management LLC bought a new position in Americold Realty Trust in the 3rd quarter valued at $26,000. Finally, Capital Square LLC boosted its holdings in Americold Realty Trust by 2.1% in the 3rd quarter. Capital Square LLC now owns 45,893 shares of the company’s stock valued at $1,128,000 after purchasing an additional 935 shares during the period. 98.98% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on COLD. Bank of America raised shares of Americold Realty Trust from a “neutral” rating to a “buy” rating and raised their price target for the company from $27.50 to $33.50 in a report on Monday, November 14th. BNP Paribas started coverage on shares of Americold Realty Trust in a report on Wednesday, December 14th. They set an “outperform” rating and a $38.00 price objective for the company. Truist Financial downgraded shares of 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. Barclays lifted their price objective on shares of Americold Realty Trust from $28.00 to $30.00 and gave the stock an “underweight” rating in a report on Monday, February 27th. Finally, Exane BNP Paribas started coverage on shares of Americold Realty Trust in a report on Wednesday, December 14th. They set an “outperform” rating for the company. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $32.79.

Americold Realty Trust Price Performance

Shares of NYSE:COLD opened at $29.14 on Friday. The stock has a market cap of $7.87 billion, a PE ratio of -416.23, a PEG ratio of 6.14 and a beta of 0.49. The company’s fifty day moving average is $30.39 and its 200 day moving average is $28.47. Americold Realty Trust, Inc. has a 52 week low of $21.49 and a 52 week high of $32.99. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.15.

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.

See Also

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

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