The Manufacturers Life Insurance Company Has $2.33 Million Stock Holdings in Americold Realty Trust, Inc. (NYSE:COLD)

The Manufacturers Life Insurance Company reduced its stake in Americold Realty Trust, Inc. (NYSE:COLD) by 7.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 82,283 shares of the company’s stock after selling 6,568 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Americold Realty Trust were worth $2,326,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Capital Insight Partners LLC boosted its position in shares of Americold Realty Trust by 2.6% during the 2nd quarter. Capital Insight Partners LLC now owns 15,274 shares of the company’s stock valued at $390,000 after purchasing an additional 380 shares in the last quarter. Moors & Cabot Inc. lifted its stake in Americold Realty Trust by 2.3% in the second quarter. Moors & Cabot Inc. now owns 17,340 shares of the company’s stock valued at $443,000 after buying an additional 390 shares during the period. Signaturefd LLC boosted its holdings in shares of Americold Realty Trust by 17.3% during the 3rd quarter. Signaturefd LLC now owns 4,683 shares of the company’s stock worth $132,000 after buying an additional 689 shares in the last quarter. Handelsbanken Fonder AB grew its position in shares of Americold Realty Trust by 1.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 73,900 shares of the company’s stock worth $2,089,000 after buying an additional 700 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Americold Realty Trust by 189.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock valued at $32,000 after acquiring an additional 735 shares in the last quarter. Institutional investors and hedge funds own 98.14% of the company’s stock.

Analysts Set New Price Targets

COLD has been the topic of a number of research reports. Truist Financial dropped their target price on shares of Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday. Barclays dropped their price objective on shares of Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Monday, November 18th. Evercore ISI raised their target price on Americold Realty Trust from $33.00 to $34.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Citigroup decreased their target price on Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, December 4th. Finally, Scotiabank increased their price target on Americold Realty Trust from $30.00 to $31.00 and gave the stock a “sector outperform” rating in a report on Monday, August 19th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Americold Realty Trust has a consensus rating of “Moderate Buy” and a consensus price target of $29.83.

Insiders Place Their Bets

In other news, SVP Robert E. Harris sold 1,836 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $22.64, for a total transaction of $41,567.04. Following the completion of the sale, the senior vice president now owns 1,837 shares in the company, valued at $41,589.68. This trade represents a 49.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.17% of the company’s stock.

Americold Realty Trust Stock Performance

Shares of COLD opened at $23.13 on Monday. Americold Realty Trust, Inc. has a 52 week low of $21.53 and a 52 week high of $30.92. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15. The stock has a 50 day moving average price of $24.99 and a two-hundred day moving average price of $26.80. The firm has a market capitalization of $6.57 billion, a P/E ratio of -22.90, a P/E/G ratio of 1.81 and a beta of 0.59.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.35). Americold Realty Trust had a negative return on equity of 8.08% and a negative net margin of 10.63%. The firm had revenue of $674.17 million for the quarter, compared to analysts’ expectations of $663.87 million. During the same quarter last year, the firm posted $0.32 earnings per share. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. Equities analysts forecast that Americold Realty Trust, Inc. will post 1.38 earnings per share for the current fiscal year.

Americold Realty Trust Company Profile

Americold is a global leader in temperature-controlled logistics real estate and value added services. Focused on the ownership, operation, acquisition and development of temperature-controlled warehouses, Americold owns and/or operates 245 temperature-controlled warehouses, with approximately 1.5 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America.