Nissay Asset Management Corp Japan ADV purchased a new stake in AmeriCold Realty Trust (NYSE:COLD) in the 1st quarter, Holdings Channel reports. The firm purchased 11,253 shares of the company’s stock, valued at approximately $343,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in shares of AmeriCold Realty Trust by 194.0% during the third quarter. JPMorgan Chase & Co. now owns 617,550 shares of the company’s stock worth $15,451,000 after buying an additional 407,527 shares during the period. TIAA CREF Investment Management LLC lifted its stake in shares of AmeriCold Realty Trust by 9.6% during the third quarter. TIAA CREF Investment Management LLC now owns 151,739 shares of the company’s stock worth $3,797,000 after buying an additional 13,286 shares during the period. Legal & General Group Plc lifted its stake in shares of AmeriCold Realty Trust by 373.1% during the third quarter. Legal & General Group Plc now owns 279,152 shares of the company’s stock worth $6,984,000 after buying an additional 220,153 shares during the period. Morgan Stanley lifted its stake in shares of AmeriCold Realty Trust by 17.9% during the third quarter. Morgan Stanley now owns 166,620 shares of the company’s stock worth $4,169,000 after buying an additional 25,338 shares during the period. Finally, State of Alaska Department of Revenue lifted its stake in shares of AmeriCold Realty Trust by 1.9% during the fourth quarter. State of Alaska Department of Revenue now owns 28,166 shares of the company’s stock worth $718,000 after buying an additional 526 shares during the period. 75.69% of the stock is owned by institutional investors and hedge funds.
In related news, Director Ronald W. Burkle sold 38,422,583 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $27.47, for a total transaction of $1,055,468,355.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.42% of the company’s stock.
AmeriCold Realty Trust (NYSE:COLD) last issued its earnings results on Tuesday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.01. AmeriCold Realty Trust had a net margin of 3.24% and a return on equity of 7.53%. The firm had revenue of $393.10 million during the quarter, compared to analysts’ expectations of $380.18 million. During the same quarter last year, the company posted $0.31 earnings per share. The firm’s revenue was up .5% compared to the same quarter last year. As a group, equities analysts anticipate that AmeriCold Realty Trust will post 1.18 earnings per share for the current fiscal year.
Several equities research analysts have recently commented on the stock. Zacks Investment Research downgraded shares of AmeriCold Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday, April 25th. Raymond James lifted their price objective on shares of AmeriCold Realty Trust from $31.00 to $33.50 and gave the stock an “outperform” rating in a research note on Monday, April 22nd. Finally, Berenberg Bank initiated coverage on shares of AmeriCold Realty Trust in a report on Wednesday, March 13th. They set a “buy” rating and a $35.00 target price for the company. One investment analyst has rated the stock with a sell rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $30.86.
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About AmeriCold Realty Trust
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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