Cambiar Investors LLC Sells 83,825 Shares of Americold Realty Trust, Inc. (NYSE:COLD)

Cambiar Investors LLC trimmed its position in shares of Americold Realty Trust, Inc. (NYSE:COLD) by 18.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 376,991 shares of the company’s stock after selling 83,825 shares during the quarter. Cambiar Investors LLC’s holdings in Americold Realty Trust were worth $8,068,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Signaturefd LLC lifted its position in shares of Americold Realty Trust by 17.3% during the third quarter. Signaturefd LLC now owns 4,683 shares of the company’s stock valued at $132,000 after buying an additional 689 shares during the last quarter. Moors & Cabot Inc. lifted its position in shares of Americold Realty Trust by 4.0% during the third quarter. Moors & Cabot Inc. now owns 18,040 shares of the company’s stock valued at $510,000 after buying an additional 700 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Americold Realty Trust by 189.9% during the third quarter. GAMMA Investing LLC now owns 1,122 shares of the company’s stock valued at $32,000 after buying an additional 735 shares during the last quarter. KBC Group NV raised its position in shares of Americold Realty Trust by 12.8% in the 3rd quarter. KBC Group NV now owns 7,452 shares of the company’s stock valued at $211,000 after purchasing an additional 845 shares during the last quarter. Finally, MML Investors Services LLC raised its position in shares of Americold Realty Trust by 1.8% in the 3rd quarter. MML Investors Services LLC now owns 48,558 shares of the company’s stock valued at $1,373,000 after purchasing an additional 882 shares during the last quarter. 98.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

COLD has been the subject of several research analyst reports. Scotiabank decreased their price objective on shares of Americold Realty Trust from $31.00 to $27.00 and set a “sector outperform” rating for the company in a research report on Tuesday, December 10th. Raymond James decreased their price objective on shares of Americold Realty Trust from $31.00 to $27.00 and set an “outperform” rating for the company in a research report on Wednesday, December 11th. Truist Financial decreased their price objective on shares of Americold Realty Trust from $33.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, December 5th. Barclays decreased their price objective on shares of Americold Realty Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a research report on Monday, November 18th. Finally, Citigroup decreased their price objective on shares of Americold Realty Trust from $30.00 to $25.00 and set a “neutral” rating for the company in a research report on Wednesday, December 4th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $29.17.

Insider Transactions at Americold Realty Trust

In other news, SVP Robert E. Harris sold 1,836 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $22.64, for a total transaction of $41,567.04. Following the sale, the senior vice president now owns 1,837 shares of the company’s stock, valued at $41,589.68. This trade represents a 49.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.17% of the company’s stock.

Americold Realty Trust Price Performance

Shares of NYSE:COLD opened at $21.56 on Tuesday. Americold Realty Trust, Inc. has a twelve month low of $20.41 and a twelve month high of $30.45. The company’s 50 day moving average is $21.80 and its 200 day moving average is $25.23. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.11. The company has a market cap of $6.13 billion, a PE ratio of -21.35, a price-to-earnings-growth ratio of 1.64 and a beta of 0.61.

Americold Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.22 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.08%. Americold Realty Trust’s payout ratio is -87.13%.

Americold Realty Trust Profile

Americold Realty Trust, Inc is a real estate investment trust, which focuses on the ownership, operation, development, and acquisition of temperature-controlled warehouses. It operates through the following segments: Warehouse, Third-Party Managed, Transportation, and Other. The Warehouse segment collects rent and storage fees from customers to store frozen and perishable food and other products within the firm’s real estate portfolio.