Quantamental Technologies LLC cut its holdings in AmeriCold Realty Trust (NYSE:COLD) by 37.6% in the first quarter, Holdings Channel reports. The institutional investor owned 1,809 shares of the company’s stock after selling 1,091 shares during the quarter. Quantamental Technologies LLC’s holdings in AmeriCold Realty Trust were worth $55,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the business. Natixis Advisors L.P. raised its stake in shares of AmeriCold Realty Trust by 104.2% in the fourth quarter. Natixis Advisors L.P. now owns 178,112 shares of the company’s stock worth $4,549,000 after purchasing an additional 90,888 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of AmeriCold Realty Trust by 121.2% in the third quarter. Bank of New York Mellon Corp now owns 1,527,536 shares of the company’s stock worth $38,219,000 after purchasing an additional 837,122 shares during the last quarter. KAMES CAPITAL plc purchased a new position in shares of AmeriCold Realty Trust in the fourth quarter worth about $1,034,000. JPMorgan Chase & Co. raised its stake in shares of AmeriCold Realty Trust by 194.0% in the third quarter. JPMorgan Chase & Co. now owns 617,550 shares of the company’s stock worth $15,451,000 after purchasing an additional 407,527 shares during the last quarter. Finally, Suntrust Banks Inc. raised its stake in shares of AmeriCold Realty Trust by 9.2% in the fourth quarter. Suntrust Banks Inc. now owns 10,253 shares of the company’s stock worth $262,000 after purchasing an additional 861 shares during the last quarter. Institutional investors own 60.62% of the company’s stock.
Shares of COLD stock opened at $30.44 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.26 and a quick ratio of 0.26. The company has a market cap of $6.14 billion, a P/E ratio of 25.80, a P/E/G ratio of 2.64 and a beta of 0.77. AmeriCold Realty Trust has a twelve month low of $20.45 and a twelve month high of $32.56.
The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were given a dividend of $0.20 per share. This is a boost from AmeriCold Realty Trust’s previous quarterly dividend of $0.19. This represents a $0.80 annualized dividend and a yield of 2.63%. The ex-dividend date was Thursday, March 28th. AmeriCold Realty Trust’s dividend payout ratio (DPR) is currently 203.39%.
Several brokerages have recently issued reports on COLD. Zacks Investment Research cut AmeriCold Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday, April 25th. Raymond James raised their price objective on AmeriCold Realty Trust from $31.00 to $33.50 and gave the stock an “outperform” rating in a research note on Monday, April 22nd. Finally, Berenberg Bank began coverage on AmeriCold Realty Trust in a research note on Wednesday, March 13th. They issued a “buy” rating and a $35.00 price objective for the company. One analyst has rated the stock with a sell rating and seven have issued a buy rating to the company. AmeriCold Realty Trust currently has an average rating of “Buy” and a consensus price target of $30.86.
In related news, Director Ronald W. Burkle sold 38,422,583 shares of AmeriCold Realty Trust stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $27.47, for a total transaction of $1,055,468,355.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.42% of the stock is currently owned by company insiders.
About AmeriCold Realty Trust
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.
Recommended Story: Growth and Income Funds
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.