Roubaix Capital LLC Takes Position in AmeriCold Realty Trust (NYSE:COLD)

Roubaix Capital LLC bought a new stake in AmeriCold Realty Trust (NYSE:COLD) during the second quarter, Holdings Channel reports. The institutional investor bought 163,277 shares of the company’s stock, valued at approximately $5,293,000. AmeriCold Realty Trust comprises 4.4% of Roubaix Capital LLC’s holdings, making the stock its 5th largest position.

Other institutional investors have also made changes to their positions in the company. Strs Ohio increased its holdings in shares of AmeriCold Realty Trust by 203.3% in the 2nd quarter. Strs Ohio now owns 606,441 shares of the company’s stock valued at $19,660,000 after acquiring an additional 406,523 shares during the period. Marshall Wace LLP acquired a new position in shares of AmeriCold Realty Trust in the 1st quarter valued at $36,515,000. FMR LLC increased its holdings in shares of AmeriCold Realty Trust by 51.9% in the 1st quarter. FMR LLC now owns 5,804,793 shares of the company’s stock valued at $177,103,000 after acquiring an additional 1,983,188 shares during the period. WINTON GROUP Ltd increased its holdings in shares of AmeriCold Realty Trust by 21.8% in the 2nd quarter. WINTON GROUP Ltd now owns 40,308 shares of the company’s stock valued at $1,307,000 after acquiring an additional 7,213 shares during the period. Finally, MetLife Investment Advisors LLC increased its holdings in shares of AmeriCold Realty Trust by 46.0% in the 1st quarter. MetLife Investment Advisors LLC now owns 55,932 shares of the company’s stock valued at $1,706,000 after acquiring an additional 17,627 shares during the period. 85.32% of the stock is currently owned by institutional investors and hedge funds.

NYSE:COLD traded up $0.87 during midday trading on Friday, reaching $35.37. The stock had a trading volume of 1,973,663 shares, compared to its average volume of 1,785,786. The business’s fifty day simple moving average is $33.69. AmeriCold Realty Trust has a 12-month low of $21.45 and a 12-month high of $35.51. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.18. The stock has a market cap of $6.49 billion, a PE ratio of 29.97, a P/E/G ratio of 3.12 and a beta of 0.70.

AmeriCold Realty Trust (NYSE:COLD) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.23). AmeriCold Realty Trust had a net margin of 3.24% and a return on equity of 7.53%. The firm had revenue of $438.46 million during the quarter, compared to analysts’ expectations of $419.30 million. During the same quarter last year, the business earned $0.29 earnings per share. The business’s quarterly revenue was up 11.1% on a year-over-year basis. As a group, sell-side analysts expect that AmeriCold Realty Trust will post 1.16 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a $0.20 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.80 dividend on an annualized basis and a yield of 2.26%. AmeriCold Realty Trust’s dividend payout ratio (DPR) is 67.80%.

A number of brokerages have recently commented on COLD. Zacks Investment Research cut shares of AmeriCold Realty Trust from a “hold” rating to a “sell” rating in a report on Thursday, April 25th. Raymond James lifted their target price on shares of AmeriCold Realty Trust from $31.00 to $33.50 and gave the company an “outperform” rating in a report on Monday, April 22nd. Citigroup began coverage on shares of AmeriCold Realty Trust in a report on Monday, July 1st. They issued a “buy” rating and a $38.00 target price on the stock. Finally, ValuEngine cut shares of AmeriCold Realty Trust from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $31.75.

AmeriCold Realty Trust Company 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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