Americold Realty Trust, Inc. (NYSE:COLD) Short Interest Update

Americold Realty Trust, Inc. (NYSE:COLD) was the recipient of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 7,590,000 shares, a growth of 9.8% from the October 31st total of 6,910,000 shares. Based on an average daily volume of 1,850,000 shares, the days-to-cover ratio is currently 4.1 days.

Analyst Ratings Changes

Several equities analysts have issued reports on COLD shares. Barclays cut their target price on Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Monday, November 18th. Royal Bank of Canada decreased their target price on shares of Americold Realty Trust from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, November 13th. Robert W. Baird reduced their price target on Americold Realty Trust from $31.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. Truist Financial raised their price objective on Americold Realty Trust from $31.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, Evercore ISI increased their price target on Americold Realty Trust from $33.00 to $34.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Americold Realty Trust has an average rating of “Moderate Buy” and an average target price of $30.55.

Americold Realty Trust Stock Performance

NYSE COLD traded down $0.32 on Wednesday, hitting $22.78. 339,541 shares of the company’s stock traded hands, compared to its average volume of 2,186,822. The firm has a market capitalization of $6.48 billion, a PE ratio of -22.76, a P/E/G ratio of 1.85 and a beta of 0.59. Americold Realty Trust has a 1-year low of $21.53 and a 1-year high of $30.92. The firm’s 50-day moving average price is $25.33 and its two-hundred day moving average price is $26.85. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11.

Americold Realty Trust (NYSE:COLD) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.35). The business had revenue of $674.17 million during the quarter, compared to analyst estimates of $663.87 million. Americold Realty Trust had a negative return on equity of 8.08% and a negative net margin of 10.63%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.32 EPS. As a group, analysts expect that Americold Realty Trust will post 1.38 EPS for the current year.

Institutional Investors Weigh In On Americold Realty Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in COLD. Assetmark Inc. raised its position in shares of Americold Realty Trust by 2,288.1% during the 3rd quarter. Assetmark Inc. now owns 1,003 shares of the company’s stock valued at $28,000 after buying an additional 961 shares during the period. GAMMA Investing LLC lifted its stake in shares of Americold Realty Trust by 189.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock valued at $32,000 after purchasing an additional 735 shares during the last quarter. Loomis Sayles & Co. L P purchased a new position in shares of Americold Realty Trust during the 3rd quarter worth $55,000. Blue Trust Inc. increased its position in shares of Americold Realty Trust by 2,727.4% during the 2nd quarter. Blue Trust Inc. now owns 2,997 shares of the company’s stock worth $75,000 after purchasing an additional 2,891 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Americold Realty Trust in the 2nd quarter valued at about $85,000. Institutional investors and hedge funds own 98.14% of the company’s stock.

About Americold Realty Trust

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.