Convergence Investment Partners LLC Makes New Investment in AmeriCold Realty Trust (NYSE:COLD)

Convergence Investment Partners LLC acquired a new position in shares of AmeriCold Realty Trust (NYSE:COLD) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,942 shares of the company’s stock, valued at approximately $724,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harbor Investment Advisory LLC acquired a new stake in AmeriCold Realty Trust in the 1st quarter valued at $41,000. Trustcore Financial Services LLC increased its stake in AmeriCold Realty Trust by 102.9% in the 1st quarter. Trustcore Financial Services LLC now owns 1,260 shares of the company’s stock valued at $43,000 after buying an additional 639 shares during the last quarter. First Horizon Advisors Inc. increased its stake in AmeriCold Realty Trust by 342.5% in the 1st quarter. First Horizon Advisors Inc. now owns 1,292 shares of the company’s stock valued at $44,000 after buying an additional 1,000 shares during the last quarter. Stephenson National Bank & Trust acquired a new stake in AmeriCold Realty Trust in the 1st quarter valued at $75,000. Finally, Capital Analysts LLC increased its stake in AmeriCold Realty Trust by 115.1% in the 1st quarter. Capital Analysts LLC now owns 2,355 shares of the company’s stock valued at $80,000 after buying an additional 1,260 shares during the last quarter.

Several brokerages have issued reports on COLD. Zacks Investment Research upgraded shares of AmeriCold Realty Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, July 22nd. Royal Bank of Canada reissued a “buy” rating and issued a $39.00 price objective on shares of AmeriCold Realty Trust in a research report on Thursday, May 14th. Raymond James lifted their price objective on shares of AmeriCold Realty Trust from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, July 15th. Finally, Bank of America raised shares of AmeriCold Realty Trust from a “neutral” rating to a “buy” rating in a research report on Monday, May 11th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $38.14.

Shares of COLD stock remained flat at $$40.35 during midday trading on Friday. 1,447,716 shares of the company traded hands, compared to its average volume of 1,208,199. The stock has a market cap of $8.08 billion, a price-to-earnings ratio of 106.18, a P/E/G ratio of 4.39 and a beta of 0.14. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.06. The firm has a 50 day moving average price of $36.82 and a 200 day moving average price of $34.47. AmeriCold Realty Trust has a 1-year low of $23.30 and a 1-year high of $40.79.

AmeriCold Realty Trust (NYSE:COLD) last announced its earnings results on Thursday, May 7th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.18). The company had revenue of $484.07 million for the quarter, compared to the consensus estimate of $477.40 million. AmeriCold Realty Trust had a return on equity of 4.04% and a net margin of 4.07%. The business’s quarterly revenue was up 23.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.29 EPS. As a group, equities research analysts predict that AmeriCold Realty Trust will post 1.23 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.08%. The ex-dividend date was Monday, June 29th. AmeriCold Realty Trust’s payout ratio is 71.79%.

AmeriCold Realty Trust Profile

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

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