AmeriCold Realty Trust (NYSE:COLD) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $36.67 and last traded at $36.65, with a volume of 18823 shares changing hands. The stock had previously closed at $36.27.
Several equities analysts have recently issued reports on the company. Citigroup assumed coverage on AmeriCold Realty Trust in a research note on Monday, July 1st. They issued a “buy” rating and a $38.00 price objective for the company. Robert W. Baird lifted their price objective on AmeriCold Realty Trust from $35.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. TheStreet upgraded AmeriCold Realty Trust from a “d” rating to a “c” rating in a research note on Friday, August 9th. Zacks Investment Research cut AmeriCold Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday, April 25th. Finally, ValuEngine cut AmeriCold Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $34.79.
The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.27 and a current ratio of 0.27. The firm has a market cap of $6.96 billion, a price-to-earnings ratio of 31.08, a price-to-earnings-growth ratio of 3.05 and a beta of 0.70. The firm has a 50-day moving average price of $34.35 and a two-hundred day moving average price of $31.77.
In other AmeriCold Realty Trust news, Director Kelly Hefner Barrett bought 6,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were acquired at an average price of $34.96 per share, with a total value of $209,760.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.42% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of COLD. Anson Funds Management LP acquired a new position in shares of AmeriCold Realty Trust in the second quarter valued at approximately $324,000. Chartwell Investment Partners LLC acquired a new position in shares of AmeriCold Realty Trust in the second quarter valued at approximately $1,984,000. Uniplan Investment Counsel Inc. acquired a new position in shares of AmeriCold Realty Trust in the second quarter valued at approximately $12,908,000. Amundi Pioneer Asset Management Inc. increased its holdings in shares of AmeriCold Realty Trust by 87.9% in the second quarter. Amundi Pioneer Asset Management Inc. now owns 617,582 shares of the company’s stock valued at $20,023,000 after purchasing an additional 288,888 shares during the period. Finally, United Services Automobile Association increased its holdings in shares of AmeriCold Realty Trust by 42.2% in the second quarter. United Services Automobile Association now owns 39,791 shares of the company’s stock valued at $1,290,000 after purchasing an additional 11,805 shares during the period. 96.37% of the stock is currently owned by institutional investors and hedge funds.
AmeriCold Realty Trust Company Profile (NYSE:COLD)
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.
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