Manning & Napier Group LLC Grows Position in AmeriCold Realty Trust (NYSE:COLD)

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Manning & Napier Group LLC boosted its stake in AmeriCold Realty Trust (NYSE:COLD) by 247.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 196,440 shares of the company’s stock after buying an additional 139,845 shares during the quarter. Manning & Napier Group LLC owned approximately 0.10% of AmeriCold Realty Trust worth $7,281,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in COLD. Vanguard Group Inc. grew its stake in AmeriCold Realty Trust by 30.8% in the 2nd quarter. Vanguard Group Inc. now owns 27,084,948 shares of the company’s stock valued at $878,095,000 after purchasing an additional 6,374,154 shares during the period. BlackRock Inc. grew its stake in AmeriCold Realty Trust by 1.8% in the 2nd quarter. BlackRock Inc. now owns 12,546,650 shares of the company’s stock valued at $406,763,000 after purchasing an additional 217,831 shares during the period. Cohen & Steers Inc. grew its stake in AmeriCold Realty Trust by 18.6% in the 2nd quarter. Cohen & Steers Inc. now owns 8,431,034 shares of the company’s stock valued at $273,334,000 after purchasing an additional 1,323,514 shares during the period. Brookfield Asset Management Inc. grew its stake in AmeriCold Realty Trust by 56.5% in the 2nd quarter. Brookfield Asset Management Inc. now owns 6,146,252 shares of the company’s stock valued at $199,261,000 after purchasing an additional 2,218,541 shares during the period. Finally, FMR LLC grew its stake in 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 purchasing an additional 1,983,188 shares during the period.

COLD stock opened at $37.30 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.27 and a current ratio of 0.27. The company has a market capitalization of $7.18 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 3.10 and a beta of 0.66. AmeriCold Realty Trust has a fifty-two week low of $23.28 and a fifty-two week high of $37.88. The stock has a fifty day moving average of $36.65 and a 200-day moving average of $33.56.

AmeriCold Realty Trust (NYSE:COLD) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.23). The firm had revenue of $438.46 million for the quarter, compared to the consensus estimate of $419.30 million. AmeriCold Realty Trust had a return on equity of 2.77% and a net margin of 1.67%. The firm’s revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS. Equities analysts predict that AmeriCold Realty Trust will post 1.23 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.80 annualized dividend and a dividend yield of 2.14%. AmeriCold Realty Trust’s payout ratio is 67.80%.

A number of brokerages have issued reports on COLD. Bank of America restated a “buy” rating and issued a $37.00 price objective on shares of AmeriCold Realty Trust in a research note on Thursday, August 15th. JPMorgan Chase & Co. upped their price objective on AmeriCold Realty Trust from $34.00 to $39.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Citigroup began coverage on AmeriCold Realty Trust in a research note on Monday, July 1st. They issued a “buy” rating and a $38.00 price objective for the company. Robert W. Baird upped their price objective on AmeriCold Realty Trust from $35.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Finally, ValuEngine downgraded AmeriCold Realty Trust from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $35.31.

In other news, Director Kelly Hefner Barrett purchased 6,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The stock was bought at an average price of $34.96 per share, for a total transaction of $209,760.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.42% of the stock is currently owned by corporate insiders.

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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