Americold Realty Trust, Inc. (NYSE:COLD – Get Free Report) saw a significant growth in short interest in August. As of August 15th, there was short interest totalling 2,820,000 shares, a growth of 18.5% from the July 31st total of 2,380,000 shares. Based on an average trading volume of 1,290,000 shares, the short-interest ratio is currently 2.2 days.
Institutional Investors Weigh In On Americold Realty Trust
Several institutional investors and hedge funds have recently added to or reduced their stakes in COLD. Arizona State Retirement System boosted its position in shares of Americold Realty Trust by 3.9% during the 4th quarter. Arizona State Retirement System now owns 76,008 shares of the company’s stock worth $2,152,000 after purchasing an additional 2,833 shares during the period. Harbor Investment Advisory LLC increased its stake in shares of Americold Realty Trust by 12.0% during the first quarter. Harbor Investment Advisory LLC now owns 4,654 shares of the company’s stock worth $132,000 after acquiring an additional 498 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Americold Realty Trust by 13.6% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 41,510 shares of the company’s stock valued at $1,181,000 after buying an additional 4,962 shares in the last quarter. Bbjs Financial Advisors LLC purchased a new position in shares of Americold Realty Trust during the 4th quarter worth approximately $605,000. Finally, Oppenheimer Asset Management Inc. boosted its position in Americold Realty Trust by 16.0% during the first quarter. Oppenheimer Asset Management Inc. now owns 108,881 shares of the company’s stock worth $3,098,000 after acquiring an additional 15,053 shares during the last quarter. Hedge funds and other institutional investors own 98.14% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms have commented on COLD. Royal Bank of Canada upgraded shares of Americold Realty Trust from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $33.00 to $36.00 in a research report on Monday, May 8th. Evercore ISI raised their target price on shares of Americold Realty Trust from $35.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, August 7th. Finally, Barclays lifted their price objective on shares of Americold Realty Trust from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Friday, August 25th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Americold Realty Trust presently has an average rating of “Moderate Buy” and an average price target of $34.79.
Americold Realty Trust Price Performance
Shares of NYSE COLD opened at $33.72 on Thursday. The firm has a market cap of $9.11 billion, a PE ratio of -80.29, a PEG ratio of 2.66 and a beta of 0.53. The firm has a fifty day moving average of $32.28 and a 200 day moving average of $30.43. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.18 and a current ratio of 0.18. Americold Realty Trust has a one year low of $21.49 and a one year high of $33.88.
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 242 temperature-controlled warehouses, with approximately 1.5 billion refrigerated cubic feet of storage, in North America, Europe, Asia-Pacific, and South America.
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