Marshall Wace LLP Buys New Stake in AmeriCold Realty Trust (COLD)

Marshall Wace LLP bought a new position in shares of AmeriCold Realty Trust (NYSE:COLD) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 932,905 shares of the company’s stock, valued at approximately $23,341,000. Marshall Wace LLP owned 0.63% of AmeriCold Realty Trust at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Senator Investment Group LP grew its position in shares of AmeriCold Realty Trust by 34.9% in the third quarter. Senator Investment Group LP now owns 8,000,000 shares of the company’s stock valued at $200,160,000 after purchasing an additional 2,069,936 shares during the last quarter. Vanguard Group Inc. grew its position in shares of AmeriCold Realty Trust by 82.0% in the third quarter. Vanguard Group Inc. now owns 7,958,159 shares of the company’s stock valued at $199,114,000 after purchasing an additional 3,584,826 shares during the last quarter. Cohen & Steers Inc. grew its position in shares of AmeriCold Realty Trust by 134.9% in the third quarter. Cohen & Steers Inc. now owns 7,923,128 shares of the company’s stock valued at $198,237,000 after purchasing an additional 4,550,767 shares during the last quarter. BlackRock Inc. grew its position in shares of AmeriCold Realty Trust by 64.0% in the third quarter. BlackRock Inc. now owns 7,478,227 shares of the company’s stock valued at $187,104,000 after purchasing an additional 2,917,222 shares during the last quarter. Finally, Deutsche Bank AG grew its position in shares of AmeriCold Realty Trust by 21.2% in the third quarter. Deutsche Bank AG now owns 4,045,597 shares of the company’s stock valued at $101,217,000 after purchasing an additional 706,796 shares during the last quarter. Institutional investors own 75.80% of the company’s stock.

Shares of NYSE COLD opened at $27.86 on Friday. AmeriCold Realty Trust has a 1 year low of $16.13 and a 1 year high of $28.01. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.06.

AmeriCold Realty Trust (NYSE:COLD) last announced its earnings results on Thursday, November 8th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.10). AmeriCold Realty Trust had a return on equity of 11.66% and a net margin of 3.35%. The firm had revenue of $402.01 million for the quarter, compared to analyst estimates of $404.35 million. The business’s quarterly revenue was up .9% compared to the same quarter last year. On average, research analysts forecast that AmeriCold Realty Trust will post 1.09 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 31st will be given a dividend of $0.1875 per share. The ex-dividend date of this dividend is Friday, December 28th. This represents a $0.75 dividend on an annualized basis and a yield of 2.69%.

Several research firms have recently commented on COLD. SunTrust Banks increased their price target on shares of AmeriCold Realty Trust to $32.00 and gave the company a “positive” rating in a research report on Wednesday, November 21st. Zacks Investment Research upgraded shares of AmeriCold Realty Trust from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Thursday, November 15th. Raymond James increased their price target on shares of AmeriCold Realty Trust from $27.00 to $28.50 and gave the company an “outperform” rating in a research report on Tuesday, November 13th. Bank of America increased their price target on shares of AmeriCold Realty Trust from $23.50 to $28.50 and gave the company a “buy” rating in a research report on Friday, September 21st. Finally, Robert W. Baird increased their price target on shares of AmeriCold Realty Trust from $25.00 to $26.00 and gave the company an “outperform” rating in a research report on Tuesday, September 18th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $26.19.

In related news, Director Ronald W. Burkle sold 16,530,191 shares of the firm’s stock in a transaction that occurred on Tuesday, September 18th. The shares were sold at an average price of $23.54, for a total transaction of $389,120,696.14. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Fortress Investment Group Llc sold 7,235,529 shares of the firm’s stock in a transaction that occurred on Tuesday, September 18th. The stock was sold at an average price of $23.54, for a total transaction of $170,324,352.66. The disclosure for this sale can be found here.

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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 156 temperature-controlled warehouses, with approximately 924 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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