AmeriCold Realty Trust (NYSE:COLD) Reaches New 52-Week High at $36.67

AmeriCold Realty Trust (NYSE:COLD)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $36.67 and last traded at $36.65, with a volume of 18823 shares traded. The stock had previously closed at $36.27.

COLD has been the subject of several research reports. Robert W. Baird increased their price target on shares of AmeriCold Realty Trust from $35.00 to $38.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Citigroup initiated coverage on shares of AmeriCold Realty Trust in a research report on Monday, July 1st. They set a “buy” rating and a $38.00 price objective on the stock. ValuEngine downgraded shares of AmeriCold Realty Trust from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Bank of America reissued a “buy” rating and set a $37.00 price objective on shares of AmeriCold Realty Trust in a research report on Thursday, August 15th. Finally, TheStreet raised shares of AmeriCold Realty Trust from a “d” rating to a “c” rating in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $34.79.

The business’s fifty day moving average price is $34.39 and its 200-day moving average price is $31.81. 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 stock has a market cap of $6.95 billion, a PE ratio of 30.85, a P/E/G ratio of 3.05 and a beta of 0.70.

AmeriCold Realty Trust (NYSE:COLD) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.23). The company had revenue of $438.46 million for the quarter, compared to analysts’ expectations of $419.30 million. AmeriCold Realty Trust had a net margin of 1.67% and a return on equity of 2.77%. The business’s revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.29 EPS. Analysts forecast that AmeriCold Realty Trust will post 1.22 earnings per share for the current fiscal year.

In related news, Director Kelly Hefner Barrett purchased 6,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were purchased at an average price of $34.96 per share, with a total value of $209,760.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.42% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Huntington National Bank bought a new stake in AmeriCold Realty Trust during the 2nd quarter worth approximately $28,000. QCI Asset Management Inc. NY bought a new stake in AmeriCold Realty Trust during the 2nd quarter worth approximately $54,000. Quadrant Capital Group LLC bought a new stake in AmeriCold Realty Trust during the 1st quarter worth approximately $56,000. FNY Investment Advisers LLC bought a new stake in AmeriCold Realty Trust during the 2nd quarter worth approximately $81,000. Finally, First Mercantile Trust Co. bought a new stake in AmeriCold Realty Trust during the 2nd quarter worth approximately $101,000. 96.37% of the stock is currently owned by hedge funds and other institutional investors.

AmeriCold Realty Trust Company Profile (NYSE:COLD)

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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