Private Management Group Inc. Acquires 1,786,218 Shares of Americold Realty Trust Inc. $COLD

Private Management Group Inc. grew its holdings in Americold Realty Trust Inc. (NYSE:COLD) by 80.5% during the 3rd quarter, Holdings Channel reports. The firm owned 4,004,568 shares of the company’s stock after purchasing an additional 1,786,218 shares during the period. Americold Realty Trust makes up approximately 1.5% of Private Management Group Inc.’s portfolio, making the stock its 7th biggest position. Private Management Group Inc.’s holdings in Americold Realty Trust were worth $49,016,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Clear Harbor Asset Management LLC bought a new position in Americold Realty Trust in the third quarter valued at approximately $485,000. Envestnet Asset Management Inc. grew its holdings in Americold Realty Trust by 23.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 921,709 shares of the company’s stock worth $11,282,000 after acquiring an additional 176,581 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its position in shares of Americold Realty Trust by 70.0% during the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 220,838 shares of the company’s stock valued at $2,703,000 after acquiring an additional 90,912 shares during the last quarter. Chilton Capital Management LLC lifted its stake in shares of Americold Realty Trust by 3,914.2% in the 3rd quarter. Chilton Capital Management LLC now owns 454,287 shares of the company’s stock valued at $5,654,000 after purchasing an additional 442,970 shares during the period. Finally, DAVENPORT & Co LLC acquired a new position in shares of Americold Realty Trust in the 3rd quarter valued at $38,980,000. Institutional investors and hedge funds own 98.14% of the company’s stock.

Americold Realty Trust Price Performance

Shares of COLD stock opened at $11.15 on Friday. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.17. Americold Realty Trust Inc. has a 12-month low of $10.10 and a 12-month high of $22.35. The firm has a fifty day moving average of $12.81 and a 200-day moving average of $12.67. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of -27.86, a price-to-earnings-growth ratio of 4.00 and a beta of 0.89.

Americold Realty Trust (NYSE:COLD) last issued its quarterly earnings data on Thursday, February 19th. The company reported ($0.31) EPS for the quarter, missing the consensus estimate of $0.37 by ($0.68). The business had revenue of $658.45 million for the quarter, compared to analyst estimates of $654.55 million. Americold Realty Trust had a negative return on equity of 3.71% and a negative net margin of 4.40%.The business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.37 EPS. Americold Realty Trust has set its FY 2026 guidance at 1.200-1.300 EPS. On average, equities research analysts forecast that Americold Realty Trust Inc. will post 1.47 earnings per share for the current year.

Americold Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.3%. Americold Realty Trust’s dividend payout ratio (DPR) is currently -230.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Scotiabank raised Americold Realty Trust to a “hold” rating in a research note on Wednesday. Weiss Ratings reissued a “sell (d)” rating on shares of Americold Realty Trust in a research note on Monday, December 29th. UBS Group raised their target price on Americold Realty Trust from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Robert W. Baird restated a “neutral” rating and set a $13.00 target price (down from $16.00) on shares of Americold Realty Trust in a research report on Thursday, December 18th. Finally, Truist Financial lowered their price target on Americold Realty Trust from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Wednesday, December 24th. Three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $14.38.

Americold Realty Trust Profile

Americold Realty Trust is a real estate investment trust specializing in temperature-controlled warehousing and logistics solutions. The company owns, operates, and develops a global network of cold storage facilities designed to support the storage, handling, and distribution of perishable products. Services include blast freezing, repacking, labeling, cross-docking, and transportation management, all integrated to streamline clients’ cold chain operations and help ensure product quality and safety from origin to point of consumption.

With roots dating back to the early 20th century, Americold has expanded through strategic acquisitions and facility development to become one of the world’s largest publicly traded cold storage providers.