Fifth Third Bancorp Has $2.18 Million Stock Holdings in Americold Realty Trust (NYSE:COLD)

Fifth Third Bancorp reduced its holdings in Americold Realty Trust (NYSE:COLD) by 2.4% in the 3rd quarter, HoldingsChannel reports. The fund owned 61,089 shares of the company’s stock after selling 1,519 shares during the period. Fifth Third Bancorp’s holdings in Americold Realty Trust were worth $2,184,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its position in Americold Realty Trust by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 28,348,233 shares of the company’s stock valued at $1,029,041,000 after acquiring an additional 1,016,852 shares during the period. BlackRock Inc. increased its position in Americold Realty Trust by 1.0% in the 3rd quarter. BlackRock Inc. now owns 14,428,241 shares of the company’s stock valued at $515,808,000 after acquiring an additional 147,916 shares during the period. FMR LLC increased its position in Americold Realty Trust by 0.7% in the 2nd quarter. FMR LLC now owns 8,583,720 shares of the company’s stock valued at $311,589,000 after acquiring an additional 56,049 shares during the period. CI Investments Inc. increased its position in Americold Realty Trust by 6.3% in the 3rd quarter. CI Investments Inc. now owns 4,776,986 shares of the company’s stock valued at $170,777,000 after acquiring an additional 284,570 shares during the period. Finally, Bamco Inc. NY increased its position in Americold Realty Trust by 16.1% in the 2nd quarter. Bamco Inc. NY now owns 4,082,706 shares of the company’s stock valued at $148,202,000 after acquiring an additional 566,995 shares during the period. Hedge funds and other institutional investors own 93.78% of the company’s stock.

Several equities analysts have issued reports on COLD shares. Berenberg Bank upgraded shares of Americold Realty Trust from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research report on Thursday, August 13th. Zacks Investment Research lowered shares of Americold Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, November 4th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $39.43.

NYSE:COLD opened at $34.40 on Friday. The firm’s fifty day moving average is $36.91 and its 200-day moving average is $36.72. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.19 and a current ratio of 0.19. Americold Realty Trust has a 52 week low of $23.30 and a 52 week high of $41.29. The firm has a market cap of $7.05 billion, a P/E ratio of 80.00, a P/E/G ratio of 4.41 and a beta of 0.16.

Americold Realty Trust (NYSE:COLD) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.06). Americold Realty Trust had a net margin of 4.58% and a return on equity of 4.42%. The firm had revenue of $497.50 million during the quarter, compared to the consensus estimate of $503.82 million. During the same period in the prior year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Americold Realty Trust will post 1.2 earnings per share for the current year.

About Americold Realty Trust

Americold is the world's largest publicly traded REIT focused on the ownership, operation, acquisition and development of temperature-controlled warehouses. Based in Atlanta, Georgia, Americold owns and operates 183 temperature-controlled warehouses, with over 1 billion refrigerated cubic feet of storage, in the United States, Australia, New Zealand, Canada, and Argentina.

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

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