TCW Group Inc. Makes New $1.88 Million Investment in Americold Realty Trust, Inc. (NYSE:COLD)

TCW Group Inc. acquired a new stake in shares of Americold Realty Trust, Inc. (NYSE:COLD) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 66,506 shares of the company’s stock, valued at approximately $1,880,000.

Several other hedge funds and other institutional investors have also made changes to their positions in COLD. Principal Financial Group Inc. grew its holdings in Americold Realty Trust by 30.8% during the 2nd quarter. Principal Financial Group Inc. now owns 15,300,802 shares of the company’s stock valued at $390,783,000 after purchasing an additional 3,602,337 shares during the last quarter. FMR LLC boosted its position in shares of Americold Realty Trust by 40.8% during the third quarter. FMR LLC now owns 13,261,431 shares of the company’s stock valued at $374,901,000 after buying an additional 3,844,603 shares during the period. Darlington Partners Capital Management LP grew its stake in shares of Americold Realty Trust by 15.1% during the second quarter. Darlington Partners Capital Management LP now owns 9,018,040 shares of the company’s stock valued at $230,321,000 after buying an additional 1,183,571 shares during the last quarter. Long Pond Capital LP raised its holdings in shares of Americold Realty Trust by 2.9% in the second quarter. Long Pond Capital LP now owns 4,385,307 shares of the company’s stock worth $112,001,000 after buying an additional 123,440 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Americold Realty Trust by 4.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,900,054 shares of the company’s stock worth $110,255,000 after buying an additional 165,667 shares during the period. Hedge funds and other institutional investors own 98.14% of the company’s stock.

Insider Activity at Americold Realty Trust

In other news, SVP Robert E. Harris sold 1,836 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $22.64, for a total value of $41,567.04. Following the sale, the senior vice president now directly owns 1,837 shares in the company, valued at approximately $41,589.68. This trade represents a 49.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.17% of the stock is owned by corporate insiders.

Americold Realty Trust Price Performance

NYSE COLD opened at $22.49 on Friday. The company has a market cap of $6.39 billion, a PE ratio of -22.27, a P/E/G ratio of 1.83 and a beta of 0.59. The firm’s 50 day moving average price is $24.60 and its 200-day moving average price is $26.71. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.15 and a current ratio of 0.15. Americold Realty Trust, Inc. has a 52-week low of $21.53 and a 52-week high of $30.92.

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Raymond James dropped their price objective on Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating for the company in a report on Wednesday. Scotiabank lowered their target price on shares of Americold Realty Trust from $31.00 to $27.00 and set a “sector outperform” rating for the company in a research note on Tuesday. Royal Bank of Canada cut their price target on shares of Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, November 13th. Barclays decreased their price objective on shares of Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a report on Monday, November 18th. Finally, Robert W. Baird lowered their price objective on shares of Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Americold Realty Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.17.

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.